HP INC (HPQ) Technical Analysis
NYSE:HPQ • US40434L1052
Current stock price
HPQ Technical Rating and Analysis
We assign a technical rating of 4 out of 10 to HPQ. In the past year, HPQ was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- 79% of all other stocks performed better in the past year than HPQ.
- HPQ is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- HPQ has an average volume of 19492000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- HPQ is part of the Technology Hardware, Storage & Peripherals industry. There are 37 other stocks in this industry, HPQ did better than 44% of them.
- In the last month HPQ has a been trading in the 18.13 - 21.41 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 an average technical rating and also 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.
More info and screens
HPQ Support and Resistance Analysis
18.02
When analyzing the support we notice one important area.
- A support zone ranging from 18.20 to 18.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- Resistance @21.09 from a horizontal line in the daily time frame.
- Resistance @22.27 from a trend line in the weekly time frame.
- Resistance @23.11 from a trend 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 | UP | POSITIVE | The short term trend for HPQ is up. |
| ChartMill Relative Strength | 21.64 | NEGATIVE | HPQ has a low relative strength, it was outperformed by 78.36% 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) | 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) | 59.69 | NEUTRAL | The RSI value for HPQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests HPQ has a positive trend. |
| Stochastics (14,3) | 79.06 | NEUTRAL | The Stochastics value for HPQ is a neutral value. |
| Average True Range in percent/ATR (20) | 3.87 | MEDIUM VOLATILITY | The ATR as a percentage value for HPQ suggests some volalility. |
| Average Directional Index/ADX (14) | 21.44 | NEUTRAL | The ADX value for HPQ suggests a possible start of a new trend. |
HPQ Chart- and CandleStick Pattern Analysis
HPQ Technicals: Chart, Performance Metrics, Trend & Indicators
20.14
-0.3 (-1.47%)
HP INC / HPQ TA FAQ
Can you provide the ChartMill technical rating for HP INC?
ChartMill assigns a technical rating of 4 / 10 to HPQ.
Can you provide the trend direction for HP INC?
The current trend direction for HP INC (HPQ) is Bearish.
What is the RSI signal for HPQ stock?
HP INC (HPQ) has an RSI value of 59.6915. This indicates that the stock is currently neutral.
Can you provide the MACD signal for HP INC?
The MACD indicator for HP INC (HPQ) has a value of 0.20024, indicating a bearish trend.
Can you provide the support and resistance levels for HP INC?
HP INC (HPQ) has a support level at 18.26 and a resistance level at 21.09. Check the full technical report for our detailed analysis of HPQ support and resistance levels.