The Greedy Trader Weekly Analysis
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Archive
- 12/7/2018
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Hewlett-Packard
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Summary:
Weekly :Trend support at 23.40
Daily :Bearish Harami CandlestickDaily  MACD line has moved above its signal line
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It was the negative week for the Hewlett-Packard (HPQ). During the week, the HPQ gave back -0.07 points, or -0.30%, and closed at 22.93 on Friday, December 07, 2018. Weekly volume was 80% above average.

Long-term trend: [See HPQ long-term trend chart]
A long-term uptrend had started on August 25, 2016 at 13.55 and reached 27.08 on October 4, 2018. HPQ gained -13.53 points, or -99.85%, in 110 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (23.40) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a long-term trend.

Medium-term trend: [See HPQ medium-term trend chart]
A medium-term downtrend had started on October 4, 2018 at 27.08 and reached 22.27 on November 23, 2018. HPQ lost 4.81 points, or 17.76%, in 7 weeks. The price is now at the 13.72% retracement level.

Weekly Technical Indicators: [See HPQ weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since October 12, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.

Short-term trend: [See HPQ short-term trend chart]
A short-term uptrend had started on November 23, 2018 at 22.27 and reached 24.17 on December 4, 2018. HPQ gained -1.90 points, or -8.53%, in 11 days. The price is now at the 65.26% retracement level.

Daily Technical Indicators: [See HPQ daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

Candlestick pattern: [See HPQ candlestick chart pattern]
On Friday the chart has formed a Bearish Harami Candlestick pattern. A Bearish Harami pattern occurs in an uptrend. It shows the bulls’ upward drive has weakened and now a trend reversal is possible. The reliability of the Bearish Harami pattern is low. Use the Technical Stock Screener to see the list of stocks that had a Bearish Harami Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.24
Williams' Percentage Range (W%R) 52.70
Lane's Stochastic (%D-Slow) 61.34
Greed/Fear Indicator (GFI) 49.94
Moving Average Converg./Diverg. (MACD) -0.29
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.59
Williams' Percentage Range (W%R) 66.10
Lane's Stochastic (%D-Slow) 28.65
Greed/Fear Indicator (GFI) 36.30
Moving Average Converg./Diverg. (MACD) 0.45
Trading Signals
Description Value Chart
Upper Bollinger Band 25.10
50 Day Moving Average 24.09
Daily Stochastic Crossing 23.59
20 Day Moving Average 23.54
Yearly Trendline Support 23.40
Weekly Stochastic Crossing 23.09
Price 22.93
Parabolic System 22.60
Lower Bollinger Band 21.92
Sector and Industry
Description Name Rank
Sector Technology 4
Industry Diversified Computer Sys 51
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 22.42
Low Date 11/30/2018
High 24.17
High Date 12/04/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 22.27
Low Date 11/23/2018
High 24.17
High Date 12/04/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 25.72
High Date 11/08/2018
Low 22.27
Low Date 11/23/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 27.08
High Date 10/04/2018
Low 22.27
Low Date 11/23/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Support
Resistance 29.89
Support 23.40
Low 13.55
Low Date 08/25/2016
High 27.08
High Date 10/04/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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