HP INC (HPQ) Stock Technical Analysis
NYSE:HPQ • US40434L1052
Overall HPQ gets a technical rating of 0 out of 10. HPQ's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 90% of all other stocks performed better in the past year than HPQ.
- HPQ is part of the Technology Hardware, Storage & Peripherals industry. There are 36 other stocks in this industry, of which 71% are performing better than HPQ.
- HPQ is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- In the last month HPQ has a been trading in the 17.56 - 20.55 range, which is quite wide. It is currently trading near the lows of this range.
- HPQ has an average volume of 18061100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Volume is considerably higher in the last couple of days.
Although the technical rating is bad, HPQ does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 19.65. Right above this resistance zone may be a good entry point.
More info and screens
18.01
When analyzing the support we notice one important area.
- A support zone ranging from 18.19 to 18.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 19.65 to 19.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @21.86 from a trend line in the daily time frame.
- Resistance @23.98 from a trend line in the weekly time frame.
- A resistance zone ranging from 29.32 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 | DOWN | NEGATIVE | The short term trend for HPQ is down. |
| ChartMill Relative Strength | 10.01 | NEGATIVE | HPQ has a low relative strength, it was outperformed by 89.99% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of HPQ is below a declining 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) | 35.28 | NEUTRAL | The RSI value for HPQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests HPQ has a positive trend. |
| Stochastics (14,3) | 13.36 | OVERSOLD | The low Stochastics value suggests HPQ may be oversold. |
| Average True Range in percent/ATR (20) | 4.69 | MEDIUM VOLATILITY | The ATR as a percentage value for HPQ suggests some volalility. |
| Average Directional Index/ADX (14) | 35.17 | POSITIVE | The high ADX value value for HPQ suggests a strong trend. |
18.21
+0.01 (+0.05%)
HP INC / HPQ FAQ
Can you provide the ChartMill technical rating for HP INC?
ChartMill assigns a technical rating of 0 / 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 35.2803. 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 0.0150972, indicating a bearish trend.
Can you provide the short term momentum for HP INC?
The short term momentum for HP INC (HPQ) is negative.