HP INC (HPQ) Stock Technical Analysis
NYSE:HPQ - New York Stock Exchange, Inc. - US40434L1052 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to HPQ. In the past year, HPQ was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, HPQ is a bad performer in the overall market: 88% of all stocks are doing better.
HPQ is part of the Technology Hardware, Storage & Peripherals industry. There are 32 other stocks in this industry, of which 77% are performing better than HPQ.
HPQ 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.
In the last month HPQ has a been trading in the 24.11 - 26.27 range, which is quite wide. It is currently trading near the high of this range.
HPQ has an average volume of 9092740 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
HPQ has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 25.24, a Stop Loss order could be placed below this zone.
More info and screens
24.33
29.61
We found 2 important support areas.
- A support zone ranging from 24.99 to 25.24. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @24.58 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 28.71 to 29.32. 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 | DOWN | NEGATIVE | The long term trend for HPQ is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HPQ is up. |
| ChartMill Relative Strength | 12.93 | NEGATIVE | HPQ has a low relative strength, it was outperformed by 87.07% 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) | DOWN | NEGATIVE | The current price of HPQ is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of HPQ is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.88 | NEUTRAL | The RSI value for HPQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests HPQ has a positive trend. |
| Stochastics (14,3) | 71.99 | NEUTRAL | The Stochastics value for HPQ is a neutral value. |
| Average True Range in percent/ATR (20) | 2.4 | MEDIUM VOLATILITY | The ATR as a percentage value for HPQ suggests some volalility. |
| Average Directional Index/ADX (14) | 14.8 | NEGATIVE | The low ADX value for HPQ suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
25.69
-0.19 (-0.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryTechnology Hardware, Storage & Peripherals
Performance
% Chg-0.73%
1 Week3.8%
2 Weeks-0.16%
1 Month4.73%
3 Month1.62%
6 Month-21.51%
12 Month-29.31%
2 Year-21.75%
3 Year-23.06%
5 Year46.13%
10 Year85.18%
15 Year22.76%
Volatility
ATR(14)0.59
ATR(20)%2.4%
ATR Inc-15.81%
Range Today0.36
ADR(20)0.6
ADR(20)%2.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.93
Mansfield-2.46
10 Day High26.05
10 Day Low24.11
20 Day High26.27
20 Day Low24.11
52 Week High39.8
52 Week Low21.21
CS1 End25.24
CR1 Start28.71
Volume & EV
DER(3)0.57%
DER(5)0.38%
Volume6.06M
Volume Incr-24.03%
Vol(5)6.67M
Vol(50)9.09M