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Advanced TA SearchArchive - 4/26/2024 - Sign In to see current Signals. |
Hewlett-Packard (HPQ) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a first positive week after 3 consecutive negative weeks for the Hewlett-Packard (HPQ). During the week, the HPQ climbed 0.19 points, or 0.68%, and closed at 28.00 on Friday, April 26, 2024. Weekly volume was -7% 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 trend support level is at 25.91 and resistance is at 29.09. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern 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 trend support level is at 25.91 and resistance is at 28.89. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a medium-term trend. Weekly Technical Indicators: [See HPQ weekly technical indicators chart] Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 below its signal line since April 12, 2024. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help. Short-term trend: [See HPQ short-term trend chart] A short-term downtrend had started on March 8, 2024 at 31.05 and reached 27.43 on April 24, 2024. HPQ lost 3.62 points, or 11.66%, in 47 days. The chart has formed a Broadening Descending Wedge chart pattern. 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. Use the following link to access Lane's Stochastic help. The daily MACD line is below its signal line since March 19, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak. 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.
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