HP INC (HPQ) Stock Technical Analysis
USA - NYSE:HPQ - US40434L1052 - Common Stock
Overall HPQ gets a technical rating of 4 out of 10. In the last year, HPQ 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.
Although the technical rating is only medium, HPQ does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 27.73. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 27.62, a Stop Loss order could be placed below this zone.
More info and screens
25.29
When analyzing the support we can see 2 important areas.
- A support zone ranging from 27.11 to 27.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 25.55 to 25.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 27.73 to 28.16. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 29.00 to 29.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 HPQ is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for HPQ is neutral. |
| ChartMill Relative Strength | 23.5 | NEGATIVE | HPQ has a low relative strength, it was outperformed by 76.5% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HPQ is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of HPQ is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of HPQ is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.1 | NEUTRAL | The RSI value for HPQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests HPQ has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 49.59 | NEUTRAL | The Stochastics value for HPQ is a neutral value. |
| Average True Range in percent/ATR (20) | 3.13 | MEDIUM VOLATILITY | The ATR as a percentage value for HPQ suggests some volalility. |
| Average Directional Index/ADX (14) | 12.62 | NEGATIVE | The low ADX value for HPQ suggests a weak or negative trend. |
27.67
+0.16 (+0.58%)
HP INC / HPQ FAQ
Can you provide the ChartMill technical rating for HP INC?
ChartMill assigns a technical rating of 4 / 10 to HPQ.
What is the current trend direction of HP INC (HPQ) stock?
The current trend direction for HP INC (HPQ) is Bearish.
Can you provide the RSI signal for HP INC?
HP INC (HPQ) has an RSI value of 51.1044. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for HP INC?
HP INC (HPQ) has a support level at 27.62 and a resistance level at 27.73. Check the full technical report for our detailed analysis of HPQ support and resistance levels.