HP INC (HPQ) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:HPQ - US40434L1052 - Common Stock
Overall HPQ gets a technical rating of 0 out of 10. 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.
HPQ has a poor technical rating and the quality of the setup is also not perfect 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
23.03
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 24.50 to 25.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 25.91 to 25.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @27.24 from a trend line in the daily time frame.
- A resistance zone ranging from 29.00 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 | 14.94 | NEGATIVE | HPQ has a low relative strength, it was outperformed by 85.06% 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) | 37.78 | NEUTRAL | The RSI value for HPQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests HPQ has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 10.78 | OVERSOLD | The low Stochastics value suggests HPQ may be oversold. |
| Average True Range in percent/ATR (20) | 2.78 | MEDIUM VOLATILITY | The ATR as a percentage value for HPQ suggests some volalility. |
| Average Directional Index/ADX (14) | 29.33 | POSITIVE | The high ADX value value for HPQ suggests a strong trend. |
23.26
+0.1 (+0.43%)
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 current trend direction of HP INC (HPQ) stock?
The current trend direction for HP INC (HPQ) is Bearish.
Can you provide the RSI signal for HP INC?
HP INC (HPQ) has an RSI value of 37.7777. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for HP INC?
The buy/sell signal for HP INC (HPQ) is sell as both the short term and long term trends are negative.
What is the support and resistance level for HPQ stock?
HP INC (HPQ) has a resistance level at 24.5. Check the full technical report for our detailed analysis of HPQ support and resistance levels.