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|It was a fourth consecutive positive week for the Hewlett-Packard (HPQ). During the week, the HPQ gained 1.08 points, or 4.58%, and closed at 24.65 on Friday, March 09, 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 price is near the trend resistance line (24.91). The resistance is usually stronger when technical indicators are overbought. 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 resistance line in a long-term trend.
Medium-term trend: [See HPQ medium-term trend chart]
A medium-term uptrend had started on February 9, 2018 at 19.31 and reached 24.75 on March 9, 2018. HPQ gained -5.44 points, or -28.17%, in 4 weeks. Price is near the trend high.
Weekly Technical Indicators: [See HPQ weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. 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 link to access Williams' Percentage Range help.
During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 February 22, 2018 at 21.25 and reached 24.75 on March 9, 2018. HPQ gained -3.50 points, or -16.47%, in 15 days. Price is near the trend high.
Daily Technical Indicators: [See HPQ daily technical indicators chart]
Daily Relative Strength Index and Williams' Percentage Range are overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index and Williams' Percentage Range or strongly overbought daily Lane's Stochastic. Use the following links to access Lane's Stochastic and Relative Strength Index help.
The daily MACD line is above its signal line since February 22, 2018. This is an indication that the short-term trend is up.
The distance between the Bollinger Bands is 146.01% higher then one year average. It indicates the period of high volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.