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Archive
- 8/7/2026 -
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Hewlett-Packard (HPQ) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a fifth positive week after 5 consecutive negative weeks for the Hewlett-Packard (HPQ). During the week, the HPQ gained 2.78 points, or 10.19%, and closed at 30.05 on Friday, August 7, 2026. It was the best weekly gain since May 22, 2026. Weekly volume was -7% below average.
 Long-term trend: [See HPQ long-term trend chart]
A long-term downtrend had started on November 25, 2024 at 39.79 and reached 17.56 on February 25, 2026. HPQ lost 22.23 points, or 55.87%, in 65 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (15.69) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. HPQ may retest the broken resistance line. It is considered to be a support line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
 Medium-term trend: [See HPQ medium-term trend chart]
A medium-term uptrend had started on February 25, 2026 at 17.56 and reached 30.06 on August 7, 2026. HPQ gained -12.50 points, or -71.18%, in 23 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 22.84 and resistance is at 37.25. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See HPQ weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 above its signal line since April 2, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.
 Short-term trend: [See HPQ short-term trend chart]
A short-term uptrend had started on July 2, 2026 at 21.67 and reached 30.06 on August 7, 2026. HPQ gained -8.39 points, or -38.72%, in 36 days. Price is near the trend high.
 Daily Technical Indicators: [See HPQ daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since July 8, 2026. This is an indication that the short-term trend is up.
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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