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HP INC (HPQ) Stock Technical Analysis

NYSE:HPQ - New York Stock Exchange, Inc. - US40434L1052 - Common Stock

32.95  +0.44 (+1.35%)

After market: 32.96 +0.01 (+0.03%)

Technical Rating and Analysis

1

Taking everything into account, HPQ scores 1 out of 10 in our technical rating. 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.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, HPQ is a bad performer in the overall market: 62% of all stocks are doing better.
HPQ is one of the lesser performing stocks in the Technology Hardware, Storage & Peripherals industry. 67% of 32 stocks in the same industry do better.
In the last month HPQ has a been trading in the 32.14 - 34.45 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
HPQ has an average volume of 7562170 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
HPQ is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so HPQ is lagging the market.
Weekly and Daily overview Charts
HPQ Weekly chart
HPQ Daily chart
Setup Rating and Analysis

8

HPQ has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 32.50, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

30.41

38.74

We found 2 important support areas.

  • A support zone ranging from 32.02 to 32.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @30.72 from a trend line in the weekly time frame.

We can see 3 important resistance areas.

  • A resistance zone ranging from 32.96 to 33.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 33.88 to 34.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @38.36 from a horizontal line in the daily time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS38.3
Mansfield-0.99
10 Day High34.45
10 Day Low32.22
20 Day High34.45
20 Day Low32.14
52 Week High39.8
52 Week Low27.43
Performance
1 Week1.01%
2 Weeks-0.57%
1 Month1.42%
3 Month-10.66%
6 Month-9.33%
12 Month9.83%
2 Year13.07%
3 Year-10.29%
5 Year54.55%
10 Year100.64%
15 Year54%
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)0.08
RSI(14)43.91
LBB32.01
UBB33.84
HPQ Daily chart

HP INC

NYSE:HPQ (1/21/2025, 7:01:46 PM)

After market: 32.96 +0.01 (+0.03%)

32.95

+0.44 (+1.35%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryTechnology Hardware, Storage & Peripherals
Performance
% Chg1.35%
1 Week1.01%
2 Weeks-0.57%
1 Month1.42%
3 Month-10.66%
6 Month-9.33%
12 Month9.83%
2 Year13.07%
3 Year-10.29%
5 Year54.55%
10 Year100.64%
15 Year54%
Volatility
ATR(14)0.73
ATR(20)%2.12%
ATR Inc1.56%
Range Today0.76
ADR(20)0.63
ADR(20)%1.92%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS38.3
Mansfield-0.99
10 Day High34.45
10 Day Low32.22
20 Day High34.45
20 Day Low32.14
52 Week High39.8
52 Week Low27.43
CS1 End32.5
CR1 Start32.96
Volume & EV
DER(3)-1.75%
DER(5)-0.94%
Volume7.76M
Volume Incr16.22%
Vol(5)7.39M
Vol(50)7.56M