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Advanced TA SearchArchive
- 4/5/2024 -
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Hewlett-Packard (HPQ) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Hewlett-Packard (HPQ). During the week, the HPQ dropped -1.11 points, or -3.67%, and closed at 29.11 on Friday, April 5, 2024. It was the worst weekly loss since February 2, 2024. Weekly volume was -21% below average.
HPQ is a member of Information Technology Sector. Information Technology is the second 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 downtrend had started on April 7, 2022 at 41.47 and reached 24.08 on October 13, 2022. HPQ lost 17.39 points, or 41.93%, in 27 weeks. The chart has formed a Symmetric Triangle chart pattern. The price is near the trend resistance line (29.37). 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 October 13, 2022 at 24.08 and reached 33.90 on July 12, 2023. HPQ gained -9.82 points, or -40.78%, in 38 weeks. The chart has formed a Symmetric Triangle chart pattern. The price is near the trend resistance line (29.27). 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 medium-term trend.
 Weekly Technical Indicators: [See HPQ weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since November 24, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 29, 2024 at 27.66 and reached 31.05 on March 8, 2024. HPQ gained -3.39 points, or -12.26%, in 8 days. The chart has formed a Symmetric Triangle chart pattern.
Daily Technical Indicators: [See HPQ daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since March 19, 2024.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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 price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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.
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