Back

Bullish Case: HP boasts a solid dividend history and recent positive price momentum, suggesting underlying strength and investor confidence, which could translate into further gains.


Bearish Case: Insider selling, high option implied volatility, and significant long-term historical price declines point to continued uncertainty and potential bearish price action for HP.


Potential Outcomes:

1. Bullish reversal on growing momentum (30%).

2. Bearish continuation due to negative historical performance (45%).

3. Trading range with sideways market equilibrium (25%).


Trading Oracle: Sign Up to access trading oracle trade ideas.


April 13, 2024


Helmerich & Payne Forecast

HP        Helmerich & Payne
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)











Correlated Stock Forecasts

Assets that tend to move strongly with HP



OIH Forecast + Options Trading Strategies   OIH  VanEck Vectors Oil Services (0.93)


XOP Forecast + Options Trading Strategies   XOP  SPDR Oil & Gas Exploration and Production (0.89)


ERX Forecast + Options Trading Strategies   ERX  Direxion Daily Energy Bull 2X Shares (0.89)


UCO Forecast + Options Trading Strategies   UCO  ProShares Ultra Bloomberg Crude Oil (0.88)


HES Forecast + Options Trading Strategies   HES  Hess (0.88)



Uncorrelated Stock Forecasts

Assets with little price relationship to HP



TRIP Forecast + Options Trading Strategies   TRIP  TripAdvisor (0.0)


TMV Forecast + Options Trading Strategies   TMV  Direxion Daily 20+ Year Treasury Bear 3X Shares (-0.0)


PAYC Forecast + Options Trading Strategies   PAYC  Paycom Software (-0.0)


SNA Forecast + Options Trading Strategies   SNA  Snap-on (-0.0)


ARRY Forecast + Options Trading Strategies   ARRY  Array (-0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against HP



CNXC Forecast + Options Trading Strategies   CNXC  Concentrix (-0.71)


PLNT Forecast + Options Trading Strategies   PLNT  Planet Fitness (-0.72)


CCI Forecast + Options Trading Strategies   CCI  Crown Castle International (-0.73)


DRIP Forecast + Options Trading Strategies   DRIP  Direxion Daily S&P Oil & Gas Exp. & Prod. (-0.86)


ERY Forecast + Options Trading Strategies   ERY  Direxion Daily Energy Bear 2X Shares (-0.86)





Become a more profitable investor with AI optimized trading strategies






×

Chat with HP


 Ask me any question!