HP Price Prediction Next Week
Prediction and Recommendation
Based on the analysis of technical indicators and recent news sentiment, here is the prediction for HP stock:
Technical Analysis:
- RSI: The Relative Strength Index (RSI) for HP is currently at 34.43, indicating a neutral position, neither oversold nor overbought.
- MACD: The MACD line is slightly below the signal line, suggesting a bearish trend.
- Stochastic Oscillator: The %K line is rising above the %D line, indicating a potential bullish crossover.
- Fibonacci Levels: The stock is approaching the Fibonacci resistance level of $26.06, with support at $24.77.
- Moving Averages: The 20-day SMA is above the 50-day SMA, indicating short-term bullish momentum, but the 200-day SMA is below, signaling a longer-term downtrend.
News Sentiment:
- Recent news about Hewlett Packard Enterprise (HPE) has had a negative impact on the broader tech sector, which may indirectly affect HP stock.
Price Prediction:
- Target Price: $24.50
- Recommendation: Sell HP stock next week as the technical indicators suggest a potential downtrend.
HP Similar Chart Price Prediction
The price of HP is predicted to go up -0.59%, based on the high correlation periods with BTT. The similarity of these two price pattern on the periods is 93.03%.
HP
BTT
Down: -0.59%Similarity: 93.03%
HP Revenue Forecast
HP EPS Forecast
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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%
