The Greedy Trader Weekly Analysis
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- 8/14/2026 -
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Hewlett-Packard (HPQ) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is strongly overboughtMACD bearish divergenceBroken trend resistance line
Daily :Williams' Percentage Range is overboughtStochastic has declined below the signal lineLane's Stochastic and MACD bearish divergence
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It was a sixth positive week after 5 consecutive negative weeks for the Hewlett-Packard (HPQ). During the week, the HPQ climbed 0.06 points, or 0.20%, and closed at 30.11 on Friday, August 14, 2026. Weekly volume was -14% 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 (15.60) 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 32.19 on August 13, 2026. HPQ gained -14.63 points, or -83.31%, in 24 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 23.08 and resistance is at 38.07. 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 strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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 32.19 on August 13, 2026. HPQ gained -10.52 points, or -48.55%, in 42 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 28.90 and resistance is at 31.83. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a short-term trend.

Daily Technical Indicators: [See HPQ daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. 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. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.15
Williams' Percentage Range (W%R) 10.90
Overbought
Lane's Stochastic (%D-Slow) 71.14
Bearish
Greed/Fear Indicator (GFI) 74.80
Moving Average Converg./Diverg. (MACD) 1.32 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.37
Williams' Percentage Range (W%R) 6.30
Strong Overbought
Lane's Stochastic (%D-Slow) 67.05
Greed/Fear Indicator (GFI) 73.80
Moving Average Converg./Diverg. (MACD) 0.57 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 31.91
Weekly Trendline Resistance 31.83
Daily Stochastic Crossing 30.91
Price 30.11
Weekly Stochastic Crossing 29.35
Parabolic System 29.30
Weekly Trendline Support 28.90
20 Day Moving Average 27.70
50 Day Moving Average 25.42
Lower Bollinger Band 23.92
Sector and Industry
Description Name Rank
Sector Information Technology 7
Industry Technology Hardware, Storage & Peripherals 80
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 28.31
Low Date 08/12/2026
High 32.19
High Date 08/13/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 31.83
Support 28.90
Low 21.67
Low Date 07/02/2026
High 32.19
High Date 08/13/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 38.07
Support 23.08
Low 17.56
Low Date 02/25/2026
High 32.19
High Date 08/13/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 17.26
Support 15.60
High 39.79
High Date 11/25/2024
Low 17.56
Low Date 02/25/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 41.47
High Date 04/07/2022
Low 17.56
Low Date 02/25/2026
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.