HPQ Short From Resistance to Support -> Closing GAP NYSE:HPQ HPQ Stock is moving between 2 Line for Few months, Opened Gap after Reports, Like in the past. Buyers Leaving the stock,CCI Change direction.Shortby xTraderEyesUpdated 1
$HPQ Key levels, Analysis & TargetsHPQ Key levels, Analysis & Targets Price to down " Wave A " ,Time frame Week born " Bearish Divergence " in MACD & RSI IndicatorShortby Mr_12Tails1
RectangleNeutral pattern until a trendline is broken. Mid Rectangle is 36.34. This can be used as a stop whichever way this breaks. No recommendation. Numbers in white over the rectangle are targets to the upside and below are targets to the downside.by lauralea1
HPQ - BULLISH SCENARIOHP Inc. is in consolidation for a quite long time. In the past six months, the $ 40 resistance was tested several times, but the bulls didn`t have enough strength to break it. This time may be different. If the upcoming test of the resistance in the next couple of days is successful, we may witness new all-time highs with a price target of $ 46. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.Longby legacyFXofficial2
HPQ up 100%+ (option price) before August 19thBefore August 19th, we could see an increase of at least 100% (OTM option price). Using options so time is the only SL. Strike: 40 Current Mark Price: 1.14Longby OptionsPortalUpdated 1
Topped for next 2 yearsMany indications here that HP Inc. has topped throughout 2022. I expect the reaction to their upcoming earnings report on May 31st will be negative, whether or not they report decent earnings. Forward P/E will be revised downward. Technical Analysis from 2012 shows we have 3 major rallies. The length of price movement and time extended in each of these rallies are closely related to one another. This indicates correlation - meaning these are subwaves of a larger wave and are therefore connected and shaped by one another. A retracement back down to the .382 fib line is a minimum retracement which still indicates a -45% drop from current prices. Connecting the tops and bottoms forms a nice channel. We recently overshot the top of the channel and swung back down below indicating a rejection of further price increases. This "throw over" is a characteristic of end moves. RSI indicator shows major divergence between waves iii and v of wave 5. Also indicating a top. Currently HP Inc. is the highest valued tech stock in the computer hardware industry if you use a stock screener like Finviz.com. I found this very surprising. Again, earnings are on May 31st and the charts are foretelling a selloff. Currently many investors are hiding in tech stocks that they find "safe". So ask yourself, is it likely that HP will be selling more computers in 2023 than in 2021 and 2022?.. or is it more likely the opposite? When is the last time you looked into buying an HP computer or saw an office supplying their staff with HP? They have nothing that separates them from other computer hardware companies like Apple, Dell, Lenovo, Logitech, etc. Is there a bullish argument to be made? I am struggling to find one looking into a future of higher prices and lower consumer spending. Market Cap = 35.57B Income/Earnings = 6.52B Effective P/E ratio = 6.16 Forward P/E ratio = 7.90 (currently priced for increasing sales but should be revised downward soon as a result of inflation and future expected returns declining) *Not financial/investment advice, although I find this to be a very compelling case. I do currently own Put options on this stock. Trade at your own risk. Shortby MonetaryRebelUpdated 113
$HPQ Key levels, Analysis & TargetsHPQ Key levels, Analysis & Targets Price to down " Wave A " ,and Time frame Week born " Bearish Divergences " in MACD & RSI IndicatorShortby Mr_12Tails1
HPQ - Was it Good Bet by Warren Buffett?Following the news about the purchase of 11% HP shares by Warren Buffett in April the price was up by 17%. Who can question the King but let's have a quick look if it was such a good idea and if the retail investors should follow him or look the opposite way in the short term. Fundamental indicators: Revenue and Profits - not consistent for the past 10 years Profit margin - averaging at circa 7% so it is not impressive either P/E - very attractive at 6.6% compared to the market average Liabilities - signs of debt problems with growing liabilities which exceed assets Technically: Following the global correction that lasted 20 years and took shape of Contracting Triangle we can observe 5 wave impulse since March 2020 This impulse is at the final stage with completed waves 1 to 4 The 5th wave is forming now in the shape of Ending Diagonal which can be explained by the choppy movement Once the final wave updates the current maximum of circa $42 there might be a sharp drop in the first corrective wave to the region of $20 to $25 representing 0.382 and 0.5 Fibonacci retracement levels respectively Given the rising risks of global recession and mediocre performance of the company, was it a good idea for Warren Buffett to get into this deal or is there some insider information that we are missing? What do you think about this? Please share your thoughts in the comments and like this idea if you would like to see more stocks analysed using Elliott Waves. ThanksShortby vitalalyt333
HPQ Breakout watchWatching for a potential breakout on this after Buffet news. Would prefer to see a touch at the high and then a pull back and some consolidation before the break. Targets = fib extensions. Not interested anymore below the tan box. Longby WadeYendallUpdated 222
$HPQ with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $HPQ after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 66.67%. Shortby EPSMomentum1
HPQ shortHewlett-Packard (HPQ) jumped on news, but it's technicals are out of bounds. So I am short, meaning I will not chase the news reaction and wait for a reasonable pull back. Plus, I would not be surprised if long term holders are trimming their holdings into strength today while others FOMO and chase the stock move. Here's HPQ 4 hour chart with support and resistance levels: R3 = 37.80 R2 = 37.25 R1 = 36.71 pivot = 36.17 S1 = 35.63 S2 = 35.08 S3 = 34.54 Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends... *3x lucky 7s of trading* 7pt Trading compass: Price action, entry/exit Volume average/direction Trend, patterns, momentum Newsworthy current events Revenue Earnings Balance sheet 7 Common mistakes: +5% portfolio trades, capital risk management Beware of analyst's motives Emotions & Opinions FOMO : bad timing, the market is ruthless, be shrewd Lack of planning & discipline Forgetting restraint Obdurate repetitive errors, no adaptation 7 Important tools: Trading View app!, Brokerage UI Accurate indicators & settings Wide screen monitor/s Trading log (pencil & graph paper) Big, organized desk Reading books, playing chess Sorted watch-list Checkout my indicators: Fibonacci VIP - volume Fibonacci MA7 - price pi RSI - trend momentum TTC - trend channel AlertiT - notification tickerTracker - MFI Oscillator www.tradingview.com Shortby Options360Updated 223
What To Expect As Warren Buffet Bought Into HP Inc.Berkshire Hathaway has now bought about 121m shares of HP for roughly $4.2bn. A gap-up occurred immediately breaking away from the bullish wedge. A fill of the gap likely to be a good entry point for the asset in order to key into Mr Warren Buffet's portfolio... N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your TradesLongby BullBearMkt5
$HPQ on 1HR Gap Fill to downside$HPQ on 1HR Gap Fill to downside What are your thoughts? Thanks, Kellyby angelbaetrades3
HP (NYSE: $HPQ) Snapped Up By Berkshire Hathaway! 💻HP Inc. provides personal computing and other access devices, imaging and printing products, and related technologies, solutions, and services in the United States and internationally. The company operates through three segments: Personal Systems, Printing, and Corporate Investments. The Personal Systems segment offers commercial and consumer desktop and notebook personal computers, workstations, thin clients, commercial mobility devices, retail point-of-sale systems, displays and peripherals, software, support, and services. The Printing segment provides consumer and commercial printer hardware, supplies, solutions, and services. The Corporate Investments segment is involved in the HP Labs and business incubation, and investment projects. It serves individual consumers, small- and medium-sized businesses, and large enterprises, including customers in the government, health, and education sectors. The company was formerly known as Hewlett-Packard Company and changed its name to HP Inc. in October 2015. HP Inc. was founded in 1939 and is headquartered in Palo Alto, California.Longby RedHotStocks227
HPQ New All Time HighsHPQ Made a New All Time High on Friday Price well above 200 DMA Well defined rectangle pattern Breakout happened with average volume, so want to see follow through right awayLongby zhasan92hz2
HP Will Likely Gain This Week Before DeclinesBased on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated BUY on March 11, 2022 with a closing price of 36.29. If this instance is successful, that means the stock should rise to at least 36.71 which is the bottom of the larger green box. Three-quarters of all successful signals have the stock rise 4.499% from the signal closing price. This percentage is the bottom of the smaller green box. Half of all successful signals have the stock rise 8.594% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock rise 12.467% from the signal closing price which is the top of the smaller green box. The maximum rise on record would see a move to the top of the larger green box. These are the same concepts for the levels in the red boxes as well. The ends/vertical sides of the boxes are determined in a similar fashion. The peak of the rise can occur as soon as the next trading bar after signal close, while the max rise occurs within the limit of study at 35 trading bars after the signal. A 1% rise must occur over the next 35 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 12 trading bars; half occur within 24 trading bars, and one-quarter require at least 32 trading bars. The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement. As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).by StockSignaler0
HPQ--Monthly framepossible great short play, but my weakness is shorting bottom of subwave fours :) could be a great fade of me :0by JAMBCapital0
HPQ Long Technicals are neutral. Fundamentals are great. Earnings growth of 11% (8% forecasted) with P/E at 9.70. Historic norm is 11.70, so it historically trades pretty cheap. Dividend yield of 2.65% is about in line with average. 7.20 P/OCF versus Normal P/OCF of 8.00. Small decline in OCF expected, but growth of EPS is better imo. PT $52Longby CG_FinancialUpdated 0
Eyeing HP for more rises. HPQStrong upwardly momentum converting to price changes to the upside. This is already good on it's own. We are betting on an upward zigzag, leaving us to complete the last leg. Patience is key, patience is vital to profitable successes. Let trades come to you. Never force the market, you will lose. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!Longby Rykin_CapitalUpdated 0
HPQ breaking out of a 10 month base cup and handle pattern!* Excellent earnings year over year * Strong up trend * High 3-month relative strength of 2.29 in the Tech sector * Breaking out of a ~10 month base * Clean break with higher than average volume * Currently 2.83% above the broken level * Maximum probable ROI 44.94% Trade Idea: * You can enter now if you don't mind a little volatility and want to catch the bigger move. * However, if you are looking for a better entry you can look for an opportunity around the $38.12 area.Longby HaseebKhan_90Updated 554
$HPQ - Cup & Handle + ATH LT 39.85 > PT 43 - ST 38.29 > PT 35.84$HPQ Cup & Handle should have upward movement left, but hitting ATH causes concern. Would like to see consolidation above $38.50 to confirm support. Long Trigger $39.85 > Price Target $43 (based on C&H depth) Short Trigger $38.29 > Price Target $35.84 (next Fib support)Longby TheGritz221
HPQ, 6 Jan: Insider sells and a bearish divergence.HPQ got rejected at the channel median. HPQ CEO sold part of his holdings on 3 Jan. Elliott: We are able to count a complete 5-waves move up, suggesting the trend could reverse soon, or has reversed already. Oscillators: The Stochastic is overbought and the RSI shows a bearish divergence. Geometry: The channel median provided resistance on 3 Dec and might do so again. How to trade it: An idea could be to test a short position and observe if HPQ can break the green support diagonal around 36.3. Price often continues to climb after prominent insider sells, until it breaks down a few days later. The idea is invalidated if HPQ breaks the channel median (blue line) to the upside.Shortby UnknownUnicorn12250317112
wave 5 is done weekly and daily if tomorrow it close lower today the wave 5 have been don Shortby h_mehr3130