NYSE · EQUITY · ENHANCED MARKET DYNAMICS

HP

Helmerich and Payne Inc

US · Energy · Oil & Gas Drilling

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EMD SCORE71/100

CURRENT COMPLETED-WEEK READ

Strongly constructive

The latest completed-week readings are broadly supportive. Conditions remain positive, but momentum has eased.

Constructive fade100% directional agreement100/100 evidence quality6/6 sources available

Completed week: 9 Oct 2026
Latest close: USD 39.88
Evidence: 156 weeks

Four-week EMD change-13.1 pts

signed chart scale −100 to +100

Four-week price-9.4%

completed closing prices

Current directional run14 weeks

on the same side of EMD zero

Recent consistency13/13

recent readings above zero

COMPLETED-WEEK OVERVIEW

Price and market conditions over time

5 supportive · 0 cautious

Enhanced Market Dynamics and the price cycle156 completed weeks · bars use the left EMD axis; price uses the right axis.

20 Oct 2023–9 Oct 2026

Constructive EMDCautious EMDCompleted-week priceUp-cycle confirmationDown-cycle confirmation

Confirmation markers describe price-zone departures within this saved history. Earlier markers can change as the history changes; they are not a record of signals available in real time.

Cycle position 92%Current EMD +41.44-week EMD change -13.1Full saved history price range USD 14.70–44.36

View chart values · 156 observations

Week	Close · USD	EMD −100 to +100	Score /100	Agreement %	Coverage %
2023-10-20	37.68	26.98	63	33	83
2023-10-27	35.25	12.23	56	20	83
2023-11-03	36.96	21.5	61	20	83
2023-11-10	33.85	-4.23	48	0	100
2023-11-17	34.37	-3.08	48	20	100
2023-11-24	33.98	-4.54	48	20	100
2023-12-01	33.01	-24.98	38	60	100
2023-12-08	32.47	-24.47	38	60	100
2023-12-15	33.60	-14.26	43	20	100
2023-12-22	33.07	-28.77	36	60	100
2023-12-29	32.72	-27.97	36	60	100
2024-01-05	31.87	-32.43	34	60	100
2024-01-12	30.65	-35.69	32	60	100
2024-01-19	30.15	-35.22	32	33	100
2024-01-26	32.54	-26.07	37	33	100
2024-02-02	34.17	-27.34	36	60	100
2024-02-09	34.38	-14.62	43	20	100
2024-02-16	36.22	4.77	52	20	100
2024-02-23	34.54	-9.28	45	0	100
2024-03-01	35.62	0.82	50	20	100
2024-03-08	35.79	4.23	52	20	100
2024-03-15	36.66	13.01	57	60	100
2024-03-22	37.71	21.37	61	67	100
2024-03-29	38.42	24.68	62	60	100
2024-04-05	40.09	45.4	73	100	100
2024-04-12	38.17	32.48	66	33	100
2024-04-19	38.33	52.37	76	100	100
2024-04-26	36.89	25.25	63	33	100
2024-05-03	35.14	8.63	54	20	100
2024-05-10	35.40	10.01	55	50	100
2024-05-17	35.55	6.92	53	33	100
2024-05-24	34.31	-6.49	47	20	100
2024-05-31	35.15	6.03	53	33	100
2024-06-07	32.04	-32.35	34	67	100
2024-06-14	30.22	-38.53	31	67	100
2024-06-21	31.38	-23.92	38	33	100
2024-06-28	33.37	-18.14	41	33	100
2024-07-05	32.65	-29.59	35	60	100
2024-07-12	34.72	-6.08	47	0	100
2024-07-19	35.29	-14.84	43	33	100
2024-07-26	37.02	4.59	52	50	100
2024-08-02	33.61	-20.83	40	20	100
2024-08-09	32.16	-16.02	42	0	100
2024-08-16	31.87	-28.37	36	50	100
2024-08-23	31.27	-34.26	33	60	100
2024-08-30	30.50	-40.3	30	67	100
2024-09-06	28.36	-46.11	27	67	100
2024-09-13	27.91	-44.79	28	67	100
2024-09-20	30.50	-21.72	39	20	100
2024-09-27	28.05	-46.15	27	67	100
2024-10-04	32.06	-14.16	43	0	100
2024-10-11	34.06	-4.73	48	0	100
2024-10-18	32.54	-18.9	41	20	100
2024-10-25	32.24	-13.23	43	0	100
2024-11-01	30.79	-29.9	35	60	100
2024-11-08	33.77	-6.2	47	20	100
2024-11-15	31.65	-18.81	41	20	100
2024-11-22	33.96	6.3	53	60	100
2024-11-29	32.62	-2.72	49	0	100
2024-12-06	31.31	-13.49	43	20	100
2024-12-13	31.64	-7.68	46	0	100
2024-12-20	28.68	-30.4	35	33	100
2024-12-27	28.97	-23.24	38	33	100
2025-01-03	31.20	-13.39	43	20	100
2025-01-10	32.27	-7.7	46	20	100
2025-01-17	34.26	6.39	53	50	100
2025-01-24	32.70	-4.29	48	0	100
2025-01-31	29.75	-22.71	39	20	100
2025-02-07	25.21	-48.3	26	60	100
2025-02-14	25.23	-43.93	28	67	100
2025-02-21	24.96	-46.67	27	67	100
2025-02-28	25.20	-49.23	25	67	100
2025-03-07	24.31	-41.12	29	60	100
2025-03-14	24.58	-34.78	33	33	100
2025-03-21	23.58	-49.8	25	67	100
2025-03-28	24.01	-46.47	27	67	100
2025-04-04	18.84	-56.45	22	67	100
2025-04-11	18.26	-53.75	23	67	100
2025-04-18	19.57	-41.38	29	33	100
2025-04-25	18.99	-56.34	22	100	100
2025-05-02	19.23	-38.88	31	60	100
2025-05-09	17.38	-56.61	22	100	100
2025-05-16	17.16	-55.56	22	67	100
2025-05-23	14.90	-54.76	23	67	100
2025-05-30	14.70	-52.58	24	67	100
2025-06-06	16.14	-38.57	31	33	100
2025-06-13	17.63	-38.76	31	60	100
2025-06-20	16.49	-42.15	29	60	100
2025-06-27	14.84	-46.38	27	67	100
2025-07-04	15.83	-30.46	35	33	100
2025-07-11	16.55	-30.14	35	33	100
2025-07-18	14.96	-44.11	28	67	100
2025-07-25	16.13	-25.69	37	50	100
2025-08-01	15.09	-44.2	28	100	100
2025-08-08	16.66	-15.46	42	0	100
2025-08-15	17.29	-16.11	42	0	100
2025-08-22	18.49	-6.31	47	33	100
2025-08-29	20.42	10.99	55	60	100
2025-09-05	19.74	5.45	53	50	100
2025-09-12	20.60	15.95	58	67	100
2025-09-19	20.08	7.8	54	33	100
2025-09-26	22.14	23.34	62	67	100
2025-10-03	22.53	25.5	63	67	100
2025-10-10	21.36	23.21	62	33	100
2025-10-17	22.59	37.67	69	60	100
2025-10-24	25.06	49.23	75	67	100
2025-10-31	25.67	56.11	78	100	100
2025-11-07	25.60	58.36	79	100	100
2025-11-14	27.20	73.89	87	100	100
2025-11-21	26.38	69.71	85	100	100
2025-11-28	27.53	71.68	86	100	100
2025-12-05	29.48	78.36	89	100	100
2025-12-12	29.02	62.47	81	67	100
2025-12-19	27.57	60.68	80	67	100
2025-12-26	27.48	62.62	81	100	100
2026-01-02	29.54	71.96	86	100	100
2026-01-09	30.22	71.8	86	100	100
2026-01-16	31.95	79.99	90	100	100
2026-01-23	31.87	65.29	83	67	100
2026-01-30	33.43	80.29	90	100	100
2026-02-06	35.49	84.1	92	100	100
2026-02-13	33.00	62.13	81	67	100
2026-02-20	35.42	80.62	90	100	100
2026-02-27	35.01	76.03	88	100	100
2026-03-06	33.89	56.24	78	67	100
2026-03-13	35.44	76.11	88	100	100
2026-03-20	36.26	74.49	87	100	100
2026-03-27	35.93	57.9	79	67	100
2026-04-03	34.60	57.68	79	67	100
2026-04-10	34.47	57.82	79	100	100
2026-04-17	33.44	40.32	70	60	100
2026-04-24	38.13	55.46	78	67	100
2026-05-01	40.19	63.44	82	100	100
2026-05-08	37.55	56.36	78	100	100
2026-05-15	39.26	68.17	84	100	100
2026-05-22	39.88	54.46	77	67	100
2026-05-29	38.15	45.89	73	67	100
2026-06-05	37.46	42.08	71	60	100
2026-06-12	39.25	56.72	78	100	100
2026-06-19	34.97	20.58	60	20	100
2026-06-26	33.80	16.01	58	50	100
2026-07-03	31.30	-16.81	42	60	100
2026-07-10	33.33	1.08	51	20	100
2026-07-17	33.95	4.51	52	33	100
2026-07-24	35.14	9.92	55	33	100
2026-07-31	34.38	4.36	52	33	100
2026-08-07	36.89	20.81	60	60	100
2026-08-14	43.95	57.83	79	67	100
2026-08-21	43.55	48.84	74	67	100
2026-08-28	42.55	66.62	83	100	100
2026-09-04	44.36	58.9	79	67	100
2026-09-11	44.04	54.49	77	67	100
2026-09-18	40.91	44.22	72	67	100
2026-09-25	38.57	31.63	66	67	100
2026-10-02	38.56	40.75	70	100	100
2026-10-09	39.88	41.37	71	100	100

SIX SOURCES · LAST 26 OBSERVATIONS

Is support broadening or thinning?

Green is supportive, rose is cautious.
Grey means the reading is unavailable.

Reading	17 Apr	24 Apr	1 May	8 May	15 May	22 May	29 May	5 Jun	12 Jun	19 Jun	26 Jun	3 Jul	10 Jul	17 Jul	24 Jul	31 Jul	7 Aug	14 Aug	21 Aug	28 Aug	4 Sep	11 Sep	18 Sep	25 Sep	2 Oct	9 Oct
Trend	97	100	100	99	100	100	99	97	99	76	60	6	18	23	33	23	48	100	100	99	100	99	94	78	77	87
Momentum	56	86	93	81	93	81	63	71	72	46	45	40	44	58	62	64	72	86	84	86	90	71	64	60	62	63
Underlying pressure	52	44	49	54	61	66	59	55	54	39	32	24	17	16	17	18	22	43	60	76	86	84	84	78	66	58
Price & volume	43	64	58	44	61	44	42	31	57	39	45	38	72	59	56	58	68	82	38	59	37	42	27	32	63	55
Relative strength	98	100	100	99	100	100	99	98	99	89	85	47	64	73	82	69	78	99	99	97	98	98	90	69	67	73
Modeled Trend	91	90	90	91	91	91	90	90	90	90	90	89	89	87	86	84	83	82	82	83	84	86	86	87	87	88

Each cell is a finished component score from 0–100. Components can disagree even when the combined reading stays positive.

STRONGEST CURRENT SOURCE

Modeled Trend

88/100

LEAST SUPPORTIVE SOURCE

Price & volume

55/100

WHAT WOULD CHANGE THE READ?

Three paths to keep in view

Conditional research scenarios.
No assumed price target or timing.

Continuation

Price and evidence stay together

Look for the current direction to hold across trend, pressure and relative strength. A rising price with weaker EMD is a less convincing continuation.

Change of direction

Watch for loss of support

If price keeps rising while EMD falls, inspect which readings are weakening. Broad deterioration matters more than a single soft week.

Cycle context

A range extreme is a location

An upper zone can persist during a strong advance; a lower zone can persist during a decline. Use departures, EMD direction and the related price charts together.

EARLIER COMPARABLE READINGS

What followed similar conditions?

Same ticker · similar score and direction of change.
Returns exclude costs and dividends.

4 WEEKS LATER+4.4%

Median price return · 6 non-overlapping examples

Observed range: -12.3% to +7.4%
Positive returns: 67%
All-period comparison: +0.7% median

13 WEEKS LATER

Too few comparisons

2 non-overlapping examples. At least three are needed to display a summary.

How these comparisons are selected

Earlier observations must have the same constructive/fading/repair/deterioration condition, a score within ten points of today’s score and at least the same component coverage. The first 30 observations are omitted for warm-up; examples are spaced by the forward horizon to avoid overlap. Gapped return windows are excluded. The all-period comparison uses the same available history and spacing, without matching the current state. These are reconstructed observations, not a point-in-time strategy backtest or a forecast.

RECENT CYCLE HISTORY

How the current reading developed

19 Jun 2026Down-cycle confirmedUSD 34.97

10 Apr 2026Down-cycle confirmedUSD 34.47

6 Mar 2026Down-cycle confirmedUSD 33.89

27 Feb 2026Upper cycle zone confirmedUSD 35.01

29 Aug 2025Up-cycle confirmedUSD 20.42

17 Jan 2025Up-cycle confirmedUSD 34.26

4 Oct 2024Up-cycle confirmedUSD 32.06

12 Jul 2024Up-cycle confirmedUSD 34.72

THE FULL PRICE CYCLE

Follow the journey from one zone to the other

Cycle states use trailing completed-week observations.

Lower zone

Price establishes residence near the bottom of its long-cycle range. Improving EMD separates early repair from continued deterioration.

Upward journey

Price leaves the lower zone while EMD confirms improving participation. The objective is the broader move toward the upper zone, not a short weekly trade.

Upper zone

Price establishes residence near the top of its long-cycle range. A high range position can persist. Watch EMD for exhaustion and loss of support before interpreting it as a turn.

Downward journey

Price leaves the upper zone while EMD weakens. The reverse cycle remains active until lower-zone residence is confirmed again.

CURRENT READINGS