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Technology Hardware, Storage & Peripherals Industry Stocks Technical Analysis - HPQArchive
- 2/6/2026 -
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Hewlett-Packard (HPQ) Technical Analysis
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| | It was a second positive week after 7 consecutive negative weeks for the Hewlett-Packard (HPQ). During the week, the HPQ gained 0.21 points, or 1.08%, and closed at 19.65 on Friday, February 6, 2026. It was the best weekly gain since December 5, 2025. Weekly volume was 152% above average.
HPQ is a member of Information Technology Sector. Information Technology is the second most oversold 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 November 25, 2024 at 39.79 and reached 18.32 on February 3, 2026. HPQ lost 21.47 points, or 53.96%, in 62 weeks. The price is now at the 6.19% retracement level.
 Medium-term trend: [See HPQ medium-term trend chart]
A medium-term downtrend had started on September 9, 2025 at 29.55 and reached 18.32 on February 3, 2026. HPQ lost 11.23 points, or 38.00%, in 21 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 16.54 and resistance is at 23.85. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See HPQ weekly technical indicators chart]
Weekly Relative Strength Index is oversold while Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Relative Strength Index or strongly oversold 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, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is below its signal line since November 14, 2025. This is an indication that the medium-term trend is down. 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 3, 2026 at 18.32 and reached 20.55 on February 4, 2026. HPQ gained -2.23 points, or -12.17%, in 1 days. Price is near the Fibonacci 38.2% 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. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal.
The daily MACD line is above its signal line since January 29, 2026. This is an indication that the short-term trend is up.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.
 Candlestick pattern: [See HPQ candlestick chart pattern]
On Friday the chart has formed a Bullish Piercing Line Candlestick pattern. This pattern suggests bulls have begun to take charge of the market, and shorts have been shaken by the sudden lost of bearish momentum. The reliability of the Bullish Piercing Line pattern is moderate. Use the Technical Stock Screener to see the list of stocks that had a Bullish Piercing Line Candlestick pattern during the last week.
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