HP INC (HPQ)
US40434L1052 - Common Stock
Taking everything into account, HPQ scores 8 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, HPQ is showing a nice and steady performance.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
Looking at the yearly performance, HPQ did better than 71% of all other stocks. On top of that, HPQ also shows a nice and consistent pattern of rising prices.
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.
HPQ has an average volume of 7162690 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
HPQ is part of the Technology Hardware, Storage & Peripherals industry. There are 32 other stocks in this industry, HPQ did better than 58% of them.
In the last month HPQ has a been trading in the 35.39 - 38.67 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, HPQ also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 36.17, a Stop Loss order could be placed below this zone. 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
29.77
38.75
We found 5 important support areas.
- A support zone ranging from 36.78 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 35.94 to 36.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @34.76 from a horizontal line in the daily time frame.
- Support @33.31 from a horizontal line in the weekly time frame.
- Support @30.07 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
CRS71.18
Mansfield0.06
10 Day High38.67
10 Day Low36.33
20 Day High38.67
20 Day Low35.39
52 Week High39.52
52 Week Low27.43
Performance
1 Week-0.35%
2 Weeks-0.62%
1 Month2.32%
3 Month2.86%
6 Month12%
12 Month28.07%
2 Year22.1%
3 Year3.97%
5 Year82.67%
10 Year106.6%
15 Year64.48%
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)-0.04
RSI(14)50.13
LBB35.98
UBB37.7
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 | 36.32 | 1.27 (3.38%) | 25.00% |
| An entry @37.59. This is a Buy Stop order right above the resistance zone. | An exit @36.32. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.27 points, which is 3.38%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.84%. |
- The distance between exit and entry is rather small compared to the average daily movement of HPQ. Please evaluate whether better entry and exit points can be found.
- 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 (11/21/2024, 1:19:09 PM)
37.735
+1.05 (+2.88%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryTechnology Hardware, Storage & Peripherals
Performance
% Chg2.88%
1 Week-0.35%
2 Weeks-0.62%
1 Month2.32%
3 Month2.86%
6 Month12%
12 Month28.07%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.88
ATR(20)%2.33%
ATR Inc
Range Today1.15
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 High38.67
10 Day Low36.33
20 Day High38.67
20 Day Low35.39
52 Week High39.52
52 Week Low27.43
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume2.44M
Volume Incr-1.83%
Vol(5)6.11M
Vol(50)7.16M