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Hewlett-Packard Technical Analysis - Hewlett-Packard Trading: 2022-12-01
Hewlett-Packard Technical Analysis Summary
Below 28.3
Sell Stop
Above 31.1
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Buy |
| Donchian Channel | Neutral |
| MA(200) | Sell |
| Fractals | Sell |
| Parabolic SAR | Sell |
| Fibonacci | Sell |
Hewlett-Packard Chart Analysis
Hewlett-Packard Technical Analysis
The technical analysis of the Hewlett Packard stock price chart on daily timeframe shows #S-HPQ,Daily is rebounding to test Fibonacci 61.8 resistance under the 200-day moving average MA(200). We believe the bearish momentum will resume after the price breaches below lower bound of Donchian channel at 28.3. This level can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 31.1. After placing the order, the stop loss is to be moved every day to the next fractal high, following Parabolic indicator signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (31.1) without reaching the order (28.3), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Stocks - Hewlett-Packard
Hewlett Packard stock gained after the company reported better than expected results. Will the Hewlett Packard stock price continue rebounding?
Hewlett Packard Enterprise Company reported fiscal Q4 revenue of $7.87 6.7 billion, 6.5% higher than the consensus estimate of $7.4 billion. The company forecast also better than expected outlook for the current quarter - revenue of $7.2 billion to $7.6 billion, compared with an estimate of $6.99 billion. It also delivered an upbeat outlook for the full-year 2023 on strong demand for its cloud offering. Better than expected performance and guidance are bullish for a company stock. Hewlett Packard shares jumped more than 4% on the day after the report. However, the current setup is bearish for the stock price.
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