HP INC (HPQ) Stock Technical Analysis
NYSE:HPQ - New York Stock Exchange, Inc. - US40434L1052 - Common Stock - Currency: USD
Taking everything into account, HPQ scores 2 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. HPQ was also a bad performer in the overall market in the last year.
Although the technical rating is bad, HPQ does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 25.29, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for HPQ in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
24.33
2 important support areas can be observed.
- A support zone ranging from 25.03 to 25.29. 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 | 12.87 | NEGATIVE | HPQ has a low relative strength, it was outperformed by 87.13% 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) | 54.76 | 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) | 76.16 | 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) | 14.25 | NEGATIVE | The low ADX value for HPQ suggests a weak or negative trend. |
25.68
-0.01 (-0.04%)