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S&P 500 Overbought StocksArchive
- 5/29/2026 -
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Hewlett-Packard (HPQ) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a second consecutive positive week for the Hewlett-Packard (HPQ). During the week, the HPQ gained 1.80 points, or 7.13%, and closed at 27.04 on Friday, May 29, 2026. Weekly volume was 197% above average.
HPQ is a member of Information Technology Sector. Information 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 downtrend had started on November 25, 2024 at 39.79 and reached 17.56 on February 25, 2026. HPQ lost 22.23 points, or 55.87%, in 65 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (16.48) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. HPQ may retest the broken resistance line. It is considered to be a support line now. 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 February 25, 2026 at 17.56 and reached 28.17 on May 29, 2026. HPQ gained -10.61 points, or -60.42%, in 13 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (18.84) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 medium-term trend.
 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.
The weekly MACD line is above its signal line since April 2, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 May 19, 2026 at 20.44 and reached 28.17 on May 29, 2026. HPQ gained -7.73 points, or -37.82%, in 10 days. The price is now at the 14.62% retracement level.
 Daily Technical Indicators: [See HPQ daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since May 21, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.
The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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 |
10 |
| Industry |
Technology Hardware, Storage & Peripherals |
121 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
20.44 |
| Low Date |
05/19/2026 |
| High |
28.17 |
| High Date |
05/29/2026 |
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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 |
20.44 |
| Low Date |
05/19/2026 |
| High |
28.17 |
| High Date |
05/29/2026 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Broken Resistance |
| Resistance |
23.63 |
| Support |
18.84 |
| Low |
17.56 |
| Low Date |
02/25/2026 |
| High |
28.17 |
| High Date |
05/29/2026 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Wedge |
| Status |
Broken Resistance |
| Resistance |
20.05 |
| Support |
16.48 |
| High |
39.79 |
| High Date |
11/25/2024 |
| Low |
17.56 |
| Low Date |
02/25/2026 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
41.47 |
| High Date |
04/07/2022 |
| Low |
17.56 |
| Low Date |
02/25/2026 |
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