HPQ Technical Analysis - HP INC

Technical Rating and Analysis

Taking everything into account, HPQ scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, HPQ is a bad performer.

66% of all other stocks performed better in the past year than HPQ.

HPQ is one of the lesser performing stocks in the Technology Hardware, Storage & Peripherals industry. 62% of 33 stocks in the same industry do better.

Both the short term and long term trends are positive. This is a very positive sign.

HPQ has an average volume of 8135990 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

HPQ is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so HPQ is lagging the market.

In the last month HPQ has a been trading in the 26.30 - 29.55 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

HPQ has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

23.60

29.64

When analyzing the support we can see 2 important areas.

A support zone ranging from 25.10 to 25.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 23.84 to 23.84. 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 28.75 to 29.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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What is Support and Resistance

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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	UP	POSITIVE	The long term trend for HPQ is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for HPQ is up.
ChartMill Relative Strength	34.79	NEUTRAL	HPQ is not amongst the best or worst performers 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	POSITIVE	The current price of HPQ is above the rising 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)	53.64	NEUTRAL	The RSI value for HPQ is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.08	NEGATIVE	The MACD value suggests HPQ has a negative trend.
Stochastics (14,3)	54.06	NEUTRAL	The Stochastics value for HPQ is a neutral value.
Average True Range in percent/ATR (20)	2.53	MEDIUM VOLATILITY	The ATR as a percentage value for HPQ suggests some volalility.
Average Directional Index/ADX (14)	32.1	POSITIVE	The high ADX value value for HPQ suggests a strong trend.