HP INC (HPQ)
US40434L1052 - Common Stock
We assign a technical rating of 6 out of 10 to HPQ. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, HPQ is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
HPQ is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so HPQ is lagging the market slightly.
In the last month HPQ has a been trading in the 35.39 - 37.97 range, which is quite wide. It is currently trading near the high of this range.
HPQ has an average volume of 7439920 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, HPQ turns out to be only a medium performer in the overall market: it outperformed 68% of all stocks.
HPQ is an average performer in the Technology Hardware, Storage & Peripherals industry, it outperforms 61% of 32 stocks in the same industry.
Although the technical rating is only medium, HPQ does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 37.15. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
29.62
38.75
When analyzing the support we can see 4 important areas.
- A support zone ranging from 36.65 to 37.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 35.42 to 35.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @33.31 from a horizontal line in the weekly time frame.
- Support @29.92 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 38.36 to 38.37. This zone is formed by a combination of multiple trend lines in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS68.28
Mansfield-0.04
10 Day High37.64
10 Day Low35.39
20 Day High37.97
20 Day Low35.39
52 Week High39.52
52 Week Low27.43
Performance
1 Week1.49%
2 Weeks-0.16%
1 Month-0.51%
3 Month9.78%
6 Month23.89%
12 Month33.31%
2 Year22.57%
3 Year4.37%
5 Year83.37%
10 Year107.38%
15 Year65.11%
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)
Technical Indicators
MACD(12,26,9)-0.02
RSI(14)53.06
LBB35.5
UBB37.64
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 37.59 | 35.38 | 2.21 (5.88%) | 17.01% |
| An entry @37.59. This is a Buy Stop order right above the resistance zone. | An exit @35.38. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.21 points, which is 5.88%. | When investing 17.01% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
HP INC
NYSE:HPQ (11/11/2024, 4:05:26 PM)
After market: 37.67 0 (0%)37.67
+0.85 (+2.31%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryTechnology Hardware, Storage & Peripherals
Performance
% Chg2.31%
1 Week1.49%
2 Weeks-0.16%
1 Month-0.51%
3 Month9.78%
6 Month23.89%
12 Month33.31%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.83
ATR(20)%2.19%
ATR Inc
Range Today1.87
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High37.64
10 Day Low35.39
20 Day High37.97
20 Day Low35.39
52 Week High39.52
52 Week Low27.43
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume9.98M
Volume Incr24.8%
Vol(5)6.91M
Vol(50)7.44M