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Archive
- 6/8/2018
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Hewlett-Packard
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Summary:
Weekly :Overbought sector
Daily :Williams' Percentage Range is overboughtLane's Stochastic is strongly overbought
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It was a second consecutive positive week for the Hewlett-Packard (HPQ). During the week, the HPQ gained 1.03 points, or 4.54%, and closed at 23.71 on Friday, June 08, 2018. It was the best weekly gain since March 9, 2018. HPQ was trading at average weekly trading volume.

HPQ is a member of Technology Sector. Technology is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See HPQ long-term trend chart]
A long-term uptrend had started on August 25, 2016 at 13.55 and reached 24.75 on March 9, 2018. HPQ gained -11.20 points, or -82.66%, in 80 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 21.13 and resistance is at 26.48. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See HPQ medium-term trend chart]
A medium-term uptrend had started on April 6, 2018 at 20.60 and reached 23.75 on June 8, 2018. HPQ gained -3.15 points, or -15.29%, in 9 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 21.17 and resistance is at 24.00. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

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

The weekly MACD line is below its signal line since March 23, 2018. The distance between MACD and the signal line is low and getting smaller. 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 May 30, 2018 at 21.04 and reached 23.75 on June 8, 2018. HPQ gained -2.71 points, or -12.88%, in 9 days. Price is near the trend high.

Daily Technical Indicators: [See HPQ daily technical indicators chart]
Daily Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range or strongly overbought daily Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The daily MACD line is above its signal line since May 31, 2018. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.11
Williams' Percentage Range (W%R) 12.90
Overbought
Lane's Stochastic (%D-Slow) 96.22
Strong Overbought
Greed/Fear Indicator (GFI) 85.14
Overbought
Moving Average Converg./Diverg. (MACD) 0.20
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.69
Williams' Percentage Range (W%R) 24.80
Lane's Stochastic (%D-Slow) 57.48
Greed/Fear Indicator (GFI) 61.14
Moving Average Converg./Diverg. (MACD) 0.40
Trading Signals
Description Value Chart
Yearly Trendline Resistance 26.48
Monthly Trendline Resistance 24.00
Upper Bollinger Band 23.84
Price 23.71
Daily Stochastic Crossing 23.66
Weekly Stochastic Crossing 22.70
Parabolic System 22.49
20 Day Moving Average 22.45
50 Day Moving Average 21.96
Lower Bollinger Band 21.29
Monthly Trendline Support 21.17
Yearly Trendline Support 21.13
Sector and Industry
Description Name Rank
Sector Technology 9
Industry Diversified Computer Sys 49
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 21.04
Low Date 05/30/2018
High 23.75
High Date 06/08/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 21.04
Low Date 05/30/2018
High 23.75
High Date 06/08/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 24.00
Support 21.17
Low 20.60
Low Date 04/06/2018
High 23.75
High Date 06/08/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 24.75
High Date 03/09/2018
Low 20.60
Low Date 04/06/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 26.48
Support 21.13
Low 13.55
Low Date 08/25/2016
High 24.75
High Date 03/09/2018
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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