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Archive
- 5/8/2026 -
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Hewlett-Packard (HPQ) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was a second consecutive positive week for the Hewlett-Packard (HPQ). During the week, the HPQ gained 1.85 points, or 8.88%, and closed at 22.68 on Friday, May 8, 2026. Weekly volume was 34% above average.
HPQ is a member of Information Technology Sector. Information Technology is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 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. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Medium-term trend: [See HPQ medium-term trend chart]
A medium-term uptrend had started on February 25, 2026 at 17.56 and reached 22.74 on May 8, 2026. HPQ gained -5.18 points, or -29.50%, in 10 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (18.58) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 medium-term trend.
 Weekly Technical Indicators: [See HPQ weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since April 2, 2026. This is an indication that the medium-term trend is up. 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 March 19, 2026 at 18.01 and reached 22.74 on May 8, 2026. HPQ gained -4.73 points, or -26.26%, in 50 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. 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 Lane's Stochastic help.
The daily MACD line is above its signal line since April 13, 2026. This is an indication that the short-term trend is up.
The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Information Technology |
9 |
| Industry |
Technology Hardware, Storage & Peripherals |
111 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
18.01 |
| Low Date |
03/19/2026 |
| High |
22.74 |
| High Date |
05/08/2026 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Broken Resistance |
| Resistance |
21.39 |
| Support |
18.58 |
| Low |
17.56 |
| Low Date |
02/25/2026 |
| High |
22.74 |
| High Date |
05/08/2026 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
29.55 |
| High Date |
09/09/2025 |
| Low |
17.56 |
| Low Date |
02/25/2026 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
39.79 |
| High Date |
11/25/2024 |
| Low |
17.56 |
| Low Date |
02/25/2026 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
41.47 |
| High Date |
04/07/2022 |
| Low |
17.56 |
| Low Date |
02/25/2026 |
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