The Greedy Trader Weekly Analysis
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- 10/16/2026 -
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Hewlett-Packard (HPQ) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend resistance line
Daily :
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It was the negative week for the Hewlett-Packard (HPQ). During the week, the HPQ gave back -0.19 points, or -0.63%, and closed at 30.01 on Friday, October 16, 2026. Weekly volume was -25% below 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. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (14.87) is broken. A broken support is considered to be a long-term bullish signal. 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 36.23 on September 11, 2026. HPQ gained -18.67 points, or -106.32%, in 28 weeks. The price is now at the 33.32% retracement level.

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. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See HPQ short-term trend chart]
A short-term downtrend had started on September 11, 2026 at 36.23 and reached 29.18 on October 12, 2026. HPQ lost 7.05 points, or 19.46%, in 31 days. The price is now at the 11.77% retracement level.

Daily Technical Indicators: [See HPQ daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since September 18, 2026. This is an indication that the short-term trend is down.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.19
Williams' Percentage Range (W%R) 67.20
Lane's Stochastic (%D-Slow) 32.94
Greed/Fear Indicator (GFI) 35.98
Moving Average Converg./Diverg. (MACD) -0.03
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.10
Williams' Percentage Range (W%R) 35.50
Lane's Stochastic (%D-Slow) 58.01
Greed/Fear Indicator (GFI) 59.43
Moving Average Converg./Diverg. (MACD) 2.20
Trading Signals
Description Value Chart
Upper Bollinger Band 32.92
Parabolic System 31.77
Weekly Stochastic Crossing 31.67
20 Day Moving Average 31.35
50 Day Moving Average 31.26
Daily Stochastic Crossing 30.43
Price 30.01
Lower Bollinger Band 29.53
Sector and Industry
Description Name Rank
Sector Information Technology 9
Industry Technology Hardware, Storage & Peripherals 92
Daily Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
High 32.85
High Date 10/02/2026
Low 29.18
Low Date 10/12/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 36.23
High Date 09/11/2026
Low 29.18
Low Date 10/12/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 17.56
Low Date 02/25/2026
High 36.23
High Date 09/11/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 14.95
Support 14.87
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.