HP Price Prediction Next Week
Based on the provided data and recent market developments, here's a comprehensive analysis for HP's stock price prediction for the next trading week:
Technical Analysis
- Current RSI (14) at 30.06 indicates oversold conditions
- Stochastic RSI (14,14,3,3) at 19.28 also suggests oversold territory
- MACD showing bearish momentum with -0.17 histogram
- Price trading below all major moving averages (5,10,20,60,200-day)
- Bollinger Bands show price near lower band (30.11), suggesting potential bounce
Recent Price Action & News Impact
- HP reported Q1 FY2025 earnings that matched revenue expectations but provided weak Q2 profit guidance
- Stock dropped over 6% following earnings announcement due to disappointing guidance
- Additional headwinds from Trump's announcement of new 10% tariffs on Chinese goods starting March 4
- Company announced plans to lay off 1,000-2,000 additional employees
Price Forecast for Next Week
Based on technical indicators and recent developments:
Target Ranges:
- Support: $27.94 (recent low)
- Resistance: $28.65 (recent high)
- Primary target: $28.30-28.50
Probability Scenarios:
- Bullish Case (30%): Bounce from oversold conditions toward $29.00
- Base Case (50%): Consolidation between $27.90-$28.50
- Bearish Case (20%): Break below $27.90 toward $27.40
Trading Recommendation
SELL with the following reasons:
- Weak guidance for Q2 FY2025
- Additional layoffs indicating cost pressures
- New tariffs likely to impact margins
- Bearish technical indicators across multiple timeframes
Price targets:
- Entry: Current price ($28.45)
- Stop loss: $29.00
- Take profit: $27.40
HP Similar Chart Price Prediction
The price of HP is predicted to go up -26.98%, based on the high correlation periods with IVAC. The similarity of these two price pattern on the periods is 99.18%.
HP
IVAC
Down: -26.98%Similarity: 99.18%
HP Revenue Forecast
HP EPS Forecast
HP FAQs
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HP VS S&P500
Successful implementation of automation technology will help lower drilling costs via increased drill efficiency and decreased labor expenses, ultimately lifting profit margins over time.
The higher revenue potential from performance-based contracts will protect margins as day rates revert to long-term averages from recently elevated levels.
H&P boasts the leading market share in the United States' most active oil plays (including the Permian Basin and Eagle Ford Shale), which we think will continue to be the largest shale plays in terms of activity.
HP Analyst's Forecast
David Anderson
Barclays
Hold
2025-02-19
Price Target
$36 → $24
Downside
-6.65%
Barclays lowered the firm's price target on Helmerich & Payne to $24 from $36 and keeps an Equal Weight rating on the shares following the Q4 report. Amid flattish activity in U.S. land this year, Helmerich is focused on international expansion, the analyst tells investors in a research note.
James West
Evercore ISI Group
Buy → Hold
2025-01-15
Price Target
$48 → $39
Upside
+6.32%
Scott Gruber
Citigroup
Hold → Strong Buy
2025-01-10
Price Target
$33 → $40
Upside
+16.75%
