HP INC (HPQ) Technical Analysis
NYSE:HPQ • US40434L1052
Current stock price
HPQ Technical Rating and Analysis
Overall HPQ gets a technical rating of 1 out of 10. HPQ scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- When comparing the yearly performance of all stocks, HPQ is a bad performer in the overall market: 85% of all stocks are doing better.
- HPQ is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so HPQ is lagging the market.
- HPQ has an average volume of 20127700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- HPQ is part of the Technology Hardware, Storage & Peripherals industry. There are 37 other stocks in this industry, HPQ did better than 50% of them.
- In the last month HPQ has a been trading in the 18.01 - 20.14 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
HPQ Weekly and Daily overview Charts
HPQ Setup Rating and Analysis
HPQ has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 19.45. Right above this resistance zone may be a good entry point.
More info and screens
HPQ Support and Resistance Analysis
18.02
We found 2 important support areas.
- A support zone ranging from 18.80 to 19.10. 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 18.20 to 18.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 5 important resistance areas.
- A resistance zone ranging from 19.45 to 19.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 19.82 to 20.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @23.12 from a trend line in the weekly time frame.
- Resistance @23.86 from a trend line in the weekly time frame.
- Resistance @29.32 from a horizontal line in the weekly time frame.
HPQ 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 | DOWN | NEGATIVE | The long term trend for HPQ is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for HPQ is neutral. |
| ChartMill Relative Strength | 15.65 | NEGATIVE | HPQ has a low relative strength, it was outperformed by 84.35% 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 | MIXED | The current price of HPQ is above 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) | 55.9 | NEUTRAL | The RSI value for HPQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests HPQ has a positive trend. |
| Stochastics (14,3) | 65.58 | NEUTRAL | The Stochastics value for HPQ is a neutral value. |
| Average True Range in percent/ATR (20) | 3.54 | MEDIUM VOLATILITY | The ATR as a percentage value for HPQ suggests some volalility. |
| Average Directional Index/ADX (14) | 25.86 | POSITIVE | The high ADX value value for HPQ suggests a strong trend. |
HPQ Chart- and CandleStick Pattern Analysis
HPQ Technicals: Chart, Performance Metrics, Trend & Indicators
19.44
+0.12 (+0.62%)
HP INC / HPQ TA FAQ
Can you provide the ChartMill technical rating for HP INC?
ChartMill assigns a technical rating of 1 / 10 to HPQ.
What is the trend direction for HPQ stock?
The current trend direction for HP INC (HPQ) is Bearish.
What is the RSI signal for HP INC (HPQ) stock?
HP INC (HPQ) has an RSI value of 55.8988. This indicates that the stock is currently neutral.
What is the MACD signal for HPQ stock?
The MACD indicator for HP INC (HPQ) has a value of 0.13611, indicating a bearish trend.
Can you provide the short term momentum for HP INC?
The short term momentum for HP INC (HPQ) is neutral.