The Greedy Trader Weekly Analysis
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Archive
- 9/7/2018
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Hewlett-Packard
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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are overbought
Daily :Daily  MACD line has moved below its signal line
Move cursor over the icon to see details.

It was a second consecutive positive week for the Hewlett-Packard (HPQ). During the week, the HPQ climbed 0.06 points, or 0.24%, and closed at 24.71 on Friday, September 07, 2018. Weekly volume was 20% 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 25.28 on August 29, 2018. HPQ gained -11.73 points, or -86.57%, in 104 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 22.26 and resistance is at 28.20. 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 25.28 on August 29, 2018. HPQ gained -4.68 points, or -22.72%, in 20 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 21.92 and resistance is at 27.63. 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 Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and 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 weekly MACD line is above its signal line since June 8, 2018. This is an indication that the medium-term trend is up. 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 September 6, 2018 at 24.64 and reached 24.96 on September 7, 2018. HPQ gained -0.32 points, or -1.30%, in 1 days. The price is now at the 78.12% 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 below its signal line. Such crossover is considered a bearish signal.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.62
Williams' Percentage Range (W%R) 32.50
Lane's Stochastic (%D-Slow) 59.96
Greed/Fear Indicator (GFI) 60.36
Moving Average Converg./Diverg. (MACD) 0.31
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.90
Williams' Percentage Range (W%R) 12.00
Overbought
Lane's Stochastic (%D-Slow) 83.88
Overbought
Greed/Fear Indicator (GFI) 75.53
Moving Average Converg./Diverg. (MACD) 0.55
Trading Signals
Description Value Chart
Yearly Trendline Resistance 28.20
Quarterly Trendline Resistance 27.63
Upper Bollinger Band 25.04
Daily Stochastic Crossing 24.89
Weekly Stochastic Crossing 24.88
Price 24.71
20 Day Moving Average 24.46
Parabolic System 23.96
Lower Bollinger Band 23.78
50 Day Moving Average 23.75
Yearly Trendline Support 22.26
Quarterly Trendline Support 21.92
Sector and Industry
Description Name Rank
Sector Technology 5
Industry Diversified Computer Sys 110
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 24.64
Low Date 09/06/2018
High 24.96
High Date 09/07/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 22.66
Low Date 07/23/2018
High 25.28
High Date 08/29/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 22.35
Low Date 06/28/2018
High 25.28
High Date 08/29/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 27.63
Support 21.92
Low 20.60
Low Date 04/06/2018
High 25.28
High Date 08/29/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 28.20
Support 22.26
Low 13.55
Low Date 08/25/2016
High 25.28
High Date 08/29/2018
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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