HP INC (HPQ) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:HPQ - US40434L1052 - Common Stock
21.18 USD
-0.29 (-1.35%)
20.9291 USD
-0.25 (-1.18%)
We assign a technical rating of 0 out of 10 to HPQ. 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 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 35 other stocks in this industry, of which 67% are performing better than HPQ.
HPQ is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month HPQ has a been trading in the 20.65 - 25.47 range, which is quite wide. It is currently trading near the lows of this range.
HPQ has an average volume of 13732300 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.
The technical rating of HPQ is bad and it also does not present a quality setup 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.
More info and screens
20.97
29.61
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 23.26 to 23.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 23.80 to 24.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @25.27 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 | 10.59 | NEGATIVE | HPQ has a low relative strength, it was outperformed by 89.41% 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) | 31.48 | NEUTRAL | The RSI value for HPQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests HPQ has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 22.15 | NEUTRAL | The Stochastics value for HPQ is a neutral value. |
| Average True Range in percent/ATR (20) | 3.25 | MEDIUM VOLATILITY | The ATR as a percentage value for HPQ suggests some volalility. |
| Average Directional Index/ADX (14) | 46.4 | POSITIVE | The high ADX value value for HPQ suggests a strong 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)
21.18
-0.29 (-1.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryTechnology Hardware, Storage & Peripherals
Performance
% Chg-1.35%
1 Week-2.22%
2 Weeks-8.94%
1 Month-16.65%
3 Month-22.62%
6 Month-15.48%
12 Month-34.85%
2 Year-26.23%
3 Year-27.32%
5 Year-12.98%
10 Year118.13%
15 Year1.98%
Volatility
ATR(14)0.66
ATR(20)%3.25%
ATR Inc-14.57%
Range Today0.49
ADR(20)0.67
ADR(20)%3.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.59
3 months CRS12.21
6 months CRS17.26
Mansfield-2.91
10 Day High23.28
10 Day Low20.65
20 Day High25.47
20 Day Low20.65
52 Week High35.28
52 Week Low20.65
CS1 EndN/A
CR1 Start23.26
Volume & EV
DER(3)0.98%
DER(5)0.33%
Volume12.77M
Volume Incr47%
Vol(5)18.73M
Vol(50)13.73M
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 31.4844. 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 -0.122124, indicating a bearish trend.
Can you provide the short term momentum for HP INC?
The short term momentum for HP INC (HPQ) is negative.