The Greedy Trader Weekly Analysis
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Hewlett-Packard (HPQ)

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Summary:
Weekly :Overbought sectorBroken trend resistance lineWilliams' Percentage Range and Lane's Stochastic are oversoldStochastic has raised above the signal line
Daily :Stochastic has raised above the signal lineA Parabolic SAR indicator is below and near the priceBullish Harami Candlestick
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It was a first positive week for the Hewlett-Packard (HPQ). During the week, the HPQ gained 0.68 points, or 2.47%, and closed at 28.20 on Friday, July 23, 2021. Weekly volume was 13% 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 uptrend had started on March 19, 2020 at 12.54 and reached 36.00 on May 10, 2021. HPQ gained -23.46 points, or -187.08%, in 59 weeks. The price is now at the 33.25% retracement level.

Medium-term trend: [See HPQ medium-term trend chart]
A medium-term downtrend had started on July 2, 2021 at 30.81 and reached 26.91 on July 19, 2021. HPQ lost 3.90 points, or 12.66%, in 2 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (27.99) 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 medium-term trend.

Weekly Technical Indicators: [See HPQ weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is below its signal line since May 21, 2021. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend 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 22, 2021 at 27.72 and reached 28.41 on July 23, 2021. HPQ gained -0.69 points, or -2.49%, in 1 days. The price is now at the 30.43% retracement level.

Daily Technical Indicators: [See HPQ daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal.

The daily MACD line is below its signal line since July 12, 2021. The distance between MACD and the signal line is low and getting smaller.

A Parabolic SAR (stop and reversal) indicator (28.42) comes close to the price (28.20). It indicates that the trend is getting weaker. 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.

Candlestick pattern: [See HPQ candlestick chart pattern]
On Friday the chart has formed a Bullish Harami Candlestick pattern. A Bullish Harami indicates that the bearish trend may be reversing, it signals that it's a good time to enter into a long position. Use the Technical Stock Screener to see the list of stocks that had a Bullish Harami Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 30.89
Williams' Percentage Range (W%R) 72.80
Lane's Stochastic (%D-Slow) 37.98
Greed/Fear Indicator (GFI) 32.01
Moving Average Converg./Diverg. (MACD) -0.56
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 33.76
Williams' Percentage Range (W%R) 88.30
Oversold
Lane's Stochastic (%D-Slow) 18.71
Oversold
Greed/Fear Indicator (GFI) 23.05
Moving Average Converg./Diverg. (MACD) 1.78
Trading Signals
Description Value Chart
Upper Bollinger Band 30.98
50 Day Moving Average 30.01
20 Day Moving Average 29.16
Parabolic System 28.42
Price 28.20
Monthly Trendline Resistance 28.09
Weekly Stochastic Crossing 28.02
Monthly Trendline Support 27.99
Daily Stochastic Crossing 27.74
Lower Bollinger Band 26.81
Sector and Industry
Description Name Rank
Sector Information Technology 10
Industry Technology Hardware, Storage & Peripherals 39
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 27.72
Low Date 07/22/2021
High 28.41
High Date 07/23/2021
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 27.72
Low Date 07/22/2021
High 28.41
High Date 07/23/2021
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 28.09
Support 27.99
High 30.81
High Date 07/02/2021
Low 26.91
Low Date 07/19/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 36.00
High Date 05/10/2021
Low 26.91
Low Date 07/19/2021
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 12.54
Low Date 03/19/2020
High 36.00
High Date 05/10/2021
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.

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