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Technology Hardware, Storage & Peripherals Industry Stocks Technical Analysis - HPQArchive
- 11/15/2024 -
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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 gave back -0.10 points, or -0.27%, and closed at 36.72 on Friday, November 15, 2024. Weekly volume was -6% below average.
 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 downtrend resistance line (26.58) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
 Medium-term trend: [See HPQ medium-term trend chart]
A medium-term uptrend had started on August 7, 2024 at 31.95 and reached 38.67 on November 11, 2024. HPQ gained -6.72 points, or -21.03%, in 13 weeks. The price is now at the 29.02% 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 August 9, 2024. 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 October 31, 2024 at 35.39 and reached 38.67 on November 11, 2024. HPQ gained -3.28 points, or -9.27%, in 11 days. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Daily Technical Indicators: [See HPQ daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since November 13, 2024. The distance between MACD and the signal line is low, but getting bigger.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
The price is close to 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.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Information Technology |
7 |
| Industry |
Technology Hardware, Storage & Peripherals |
47 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
35.39 |
| Low Date |
10/31/2024 |
| High |
38.67 |
| High Date |
11/11/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
31.95 |
| Low Date |
08/07/2024 |
| High |
38.67 |
| High Date |
11/11/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
25.22 |
| Low Date |
09/28/2023 |
| High |
39.52 |
| High Date |
05/30/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
24.08 |
| Low Date |
10/13/2022 |
| High |
39.52 |
| High Date |
05/30/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Symmetric Triangle |
| Status |
Broken Resistance |
| Resistance |
25.71 |
| Support |
26.58 |
| High |
41.47 |
| High Date |
04/07/2022 |
| Low |
24.08 |
| Low Date |
10/13/2022 |
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