Overview
This is a very brief price prediction for HP that will require further review, however, I found the opportunity too affordable to pass up and wanted to share my thoughts. Bottom line: the call options are very cheap and HPQ's chart screams potential for a lucrative trade.
Trading Pattern
HP ( NYSE:HPQ ) has formed a bullish flag on the 1D chart and...
The last earnings report on October 31 showed earnings per share of 90 cents, meeting the estimate of 90 cents. P/B Ratio (0.000) is normal, around the industry mean (5.135). P/E Ratio (8.834) is within average values for comparable stocks, (55.053). Projected Growth (PEG Ratio) (3.119) is also within normal values, averaging (56.300). Dividend Yield (0.037)...
I entered a short position on HP Inc. (HPQ) after carefully analyzing the market and the company's specific conditions. This decision was based on two main factors: the current downtrend in the stock price and the confluence of technical indicators pointing to a possible further decline.
Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 31.3/61.80%
Chart time frame : C
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : B
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance....
On the H4 chart the trend started on October 9 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 29.80
But we should not forget about SL = 25.14
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelieveInTrading
Hewlett Packard Enterprise (NYSE:HPE) reported strong performance in fiscal year 2023, with record-breaking non-GAAP diluted net earnings per share and free cash flow, according to the latest earnings call. The company's Intelligent Edge and HPC and AI segments, as well as the HPE GreenLake platform, drove its revenue and profit growth. HPE also raised its...
HP Inc. HPQ reported better-than-expected financial results for the fourth quarter of fiscal 2023.
HP reported fourth-quarter fiscal 2023 non-GAAP earnings of 90 cents per share, which surpassed the consensus mark by a penny and came within management’s previously guided range of 85-97 cents. Moreover, the bottom line improved 10% on a year-over-year basis,...
Here, as you can see we are on a support line and we are over extended from the bottom of the Bollinger Bands. We are also oversold on the RSI. I will wait for a bounce off with a strong green heikin ashi on the weekly timeframe.
There is a correction after the global start of the trend since 2012. After 5 waves that add up well on fibo, there is an ABC correction, it is also very similar to the head and shoulders. Now wave B is being initiated, the end of the correction should be around $ 20, but a hike of $ 15 is also possible.
Berkshire Hathaway, the holding company of renowned investor Warren Buffett, is actively reducing its holdings in Hewlett-Packard Company (HPQ) shares. Berkshire's ownership in HPQ has decreased from 12.2% last quarter to 11.7%. This may be evidence of Warren Buffett having some insider information about the company's future. Furthermore, HP's actual financial...
HP Inc - 30d expiry - We look to Buy a break of 28.02 (stop at 26.98)
We have a Gap open at 30/8/2023 from 31.37 to 29.02.
With signals for sentiment at oversold extremes, the dip could not be extended.
Price action looks to be forming a bottom.
In our opinion this stock is undervalued.
The bias is to break to the upside.
Our profit targets will be 30.52...
📊 Oversold Stocks Alert! 🚀
Diving into the market data, many stocks seem oversold. Based on my strategy, there's a promising chance for returns with a long position now, e.g. NYSE:HPQ
Always research thoroughly and invest wisely!
(Note: Info for general guidance. Consult professionals before investing.)
Hewlett-Packard, after making five macro waves up, has formed a Bearish Structure that can only be described as being a hybrid between a Diamond and a Head and Shoulders pattern, and along with that, it is also a combination of a Bearish Dragon and Bearish BAMM.
All of this is happening after HPQ faced rejection off of the PCZ of a Bearish Crab going into its 5th...
This purchase was primarily driven by technical analysis. The price was at the lower end of the channel when I entered the trade. Apart from the technical aspects, two other factors piqued my interest. Despite a decline in PC sales, the company maintains a healthy cash flow, and they've been actively using that cash to buy back shares. Some of these buybacks...
→ Revenue decreased by 10% to USD 13.2 billion compared to USD 14.65 billion a year ago. This was the third quarter in a row that HP fell short of analysts' estimates.
→ “While we expect another quarter of sequential growth in Q4, the external environment has not improved as quickly as anticipated and we are moderating our expectations as a result,” said HP CEO...
Entry: when price clears 31.47
Volume: with daily volume greater than 8.49M
Target: 36.00 area
Stop: Depending on your risk tolerance; 29.98 gets you 3/1 Risk/Reward - I would close the trade immediately if proves moves lower after earnings!
Resistance: 35.30-35.75
This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis....
Hi mates, Sharing weekly chart of HP as we can observe that after making a recent lows of 25 levels price started moving up and continue trading in rising channel and now on the last session of previous week it broke a horizontal resistance (inside the channel) which earlier was a good support so i am expecting after this breakout price will retest it's breakout...
