HP Inc Technical Analysis (NYSE:HPQ)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. Just by looking at the HP Inc stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the HPQ stock chart which creates a trading signal.
See HP Inc bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for HP Inc stock analysis that does not care for the fair value of a company but uses price and volume data only.
HP Inc Moving Average
Moving averages help predict the price direction of HPQ stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $24.74 is below the price of $25.83.
HP Inc Bollinger Bands
Bollinger bands comprise of a center line usually HPQ SMA, and two HPQ stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. The stock price is trading between the average and the upper band in the context of HP Inc bollinger bands.
HP Inc Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The HP Inc MACD line is above the signal line.
HP Inc Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . 55.49 is the RSI value of HPQ stock.