7HP Technical Analysis - HP INC

Technical Rating and Analysis

Overall 7HP gets a technical rating of 6 out of 10. In the last year, 7HP was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.

When comparing the yearly performance of all stocks, 7HP is a bad performer in the overall market: 82% of all stocks are doing better.

7HP is one of the lesser performing stocks in the Technology Hardware, Storage & Peripherals industry. 65% of 27 stocks in the same industry do better.

7HP is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

Warning: 7HP has an average volume of 1297 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.

In the last month 7HP has a been trading in the 22.80 - 25.20 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

Setup Rating and Analysis

7HP has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

20.36

25.27

4 important support areas can be observed.

Support @23.66 from a trend line in the daily time frame.
A support zone ranging from 22.50 to 22.82. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A support zone ranging from 21.52 to 21.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 20.57 to 20.75. This zone is formed by a combination of multiple trend lines in multiple time frames.

We found 1 important resistance area.

A resistance zone ranging from 24.51 to 25.02. This zone is formed by a combination of multiple trend lines in multiple time frames.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	NEUTRAL	NEUTRAL	The long term trend for 7HP.DE is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for 7HP.DE is up.
ChartMill Relative Strength	18.32	NEGATIVE	7HP.DE has a low relative strength, it was outperformed by 81.68% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of 7HP.DE is below the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of 7HP.DE is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of 7HP.DE is below a declining SMA(200).
Relative Strength Index/RSI (14)	53.97	NEUTRAL	The RSI value for 7HP.DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.15	NEGATIVE	The MACD value suggests 7HP.DE has a negative trend, although the MACD value is rising.
Stochastics (14,3)	27.87	NEUTRAL	The Stochastics value for 7HP.DE is a neutral value.
Average True Range in percent/ATR (20)	2.13	MEDIUM VOLATILITY	The ATR as a percentage value for 7HP.DE suggests some volalility.
Average Directional Index/ADX (14)	27.22	POSITIVE	The high ADX value value for 7HP.DE suggests a strong trend.