RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of HPQ
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HP Inc stock upgraded to Buy Candidate.
(Updated on Mar 27, 2024)

Buy candidate since Mar 27, 2024 PDF

The HP Inc stock price gained 0.433% on the last trading day (Wednesday, 27th Mar 2024), rising from $29.99 to $30.12. During the last trading day the stock fluctuated 1.60% from a day low at $29.73 to a day high of $30.20. The price has fallen in 7 of the last 10 days and is down by -2.05% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 274 thousand more shares were traded than the day before. In total, 6 million shares were bought and sold for approximately $193.98 million.

The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect HP Inc stock with a 90% probability to be traded between $28.48 and $31.29 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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HPQ Signals & Forecast

The HP Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $29.95 and $29.41. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, March 11, 2024, and so far it has fallen -2.40%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for HP Inc stock

HP Inc finds support from accumulated volume at $30.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.475 (1.60%) between high and low. For the last week, the stock has had daily average volatility of 1.25%.

Our recommended stop-loss: $28.75 (-4.54%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 12 days ago.)

Trading Expectations (HPQ) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect HP Inc to open at $30.02, and during the day (based on 14 day Average True Range), to move between $29.56 and $30.68, which gives a possible trading interval of +/-$0.561 (+/-1.86%) up or down from last closing price. If HP Inc takes out the full calculated possible swing range there will be an estimated 3.72% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $30.23 (0.37%) than the support at $30.00 (0.40%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is HP Inc stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for HP Inc stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.288 Buy Candidate Upgraded

Predicted Opening Price for HP Inc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$30.02 ( 0.349%) $30.12

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for HPQ

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 30.49 1.23 %
R2 30.31 0.626 %
R1 30.20 0.254 %
Current price: 30.12
Support S1 29.83 -0.95 %
S2 29.72 -1.32 %
S3 29.54 -1.93 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 30.56 1.46 %
R2 30.50 1.26 %
R1 30.23 0.365 %
Current price 30.12
Support S1 30.00 -0.398%
S2 28.65 -4.88%
S3 28.33 -5.94%

HPQ Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 30, 2024 Mar 13, 2024 Apr 03, 2024 $0.276 0.92%
2 Jan 30, 2024 Mar 12, 2024 Apr 03, 2024 $0.276 0.92%
3 Nov 07, 2023 Dec 12, 2023 Jan 03, 2024 $0.276 0.92%
4 Jun 21, 2023 Sep 12, 2023 Oct 04, 2023 $0.263 1.01%
5 May 15, 2023 Jun 13, 2023 Jul 05, 2023 $0.263 0.86%

FAQ

What is the symbol for HP Inc Stock and on which exchange is it traded?
The symbol for HP Inc is HPQ and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell HP Inc Stock?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for HP Inc stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy HP Inc Stock?
HP Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy HP Inc Stock.

What's the current price of HP Inc Stock?
As of the end of day on the 2024-03-27, the price of an HP Inc (HPQ) share was $30.12.

What is the 52-week high and low for HP Inc Stock?
The 52-week high for HP Inc Stock is $33.90 and the 52-week low is $25.22.

What is the market capitalization of HP Inc Stock?
As of the 2024-03-27, the market capitalization of HP Inc is 29.472B.

When is the next earnings date for HP Inc?
The upcoming earnings date for HP Inc is Jun 04, 2024.
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About HP Inc

HP HP Inc. provides personal computing and other access devices, imaging and printing products, and related technologies, solutions, and services in the United States and internationally. The company operates through three segments: Personal Systems, Printing, and Corporate Investments. The Personal Systems segment offers commercial and consumer desktop and notebook personal computers, workstations, thin clients, commercial mobility devices, retail ... HPQ Profile

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