HP Inc Technical Analysis (NYSE:HPQ)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The HPQ stock chart pattern can give those who understand technical analysis an indication of which way HPQ stock is headed, but cannot predict with 100% certainty as to what can happen to the HP Inc stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for HP Inc. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of HP Inc stock analysis.
HP Inc Moving Average
Moving averages show the HPQ stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for HP Inc are mostly signals of long term trends and will help long term traders.
HP Inc Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like HP Inc. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. 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
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The HP Inc MACD indicator is above 0 indicating a bullish trend.
HP Inc Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. If the RSI of HPQ stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.