HP stock: buy or sell
Jan 27th, 2021
HP stock brief
- Counting on Tuesday, it's been 3 consecutive sessions in negative for HP. Price closed on Tuesday at $24.62 after falling a -1.60%.
- 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.
Should I buy HP stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $HPQ stock a buy?
In the current situation of HP there is not any eligible buy setup. This doesn't mean we expect a selloff for $HPQ in the next few days, or that it may not climb higher. Simply, it doesn't match our recommended trading systems
Should I sell HP stock?
How to know when is it time to sell HP stock?. Trading strategies help us to avoid impetuous decisions based on our sentiments or the buzz that surrounds the market. When selling, as well as buying, our strategies are very simple to follow and are only applicable for selling stocks you already own, not for shorting HP stock
As a golden rule, you must never keep an operation that generates higher than expected losses by the time of purchase. When to sell shares must always be dictated by the stop-loss (automatic or manual)
Is it time to sell HP stock?
Currently, HP stock doesn't match any of our preferred sell setups, so if you own HP stock and your operation is in profit probably is not time to sell now
In the last month, just one brokerage rating was published for HP
|Jan 14th, 2021|
HP stock analysis
Supports and resistances
The current resistances are:
The current supports are:
Since the price surpassed the upper band on January 12, the price sliced by 5.85%
Relative strength index
The RSI dropped below the overbought level of 70 on January 14 after just crossing to the overbough zone for a single day (weak signal). The RSI reading on Tuesday was 50.38. Since then, HP shares collapsed a 4.24%
HP stock price history
HP went public on Jan 2nd, 1962 priced at $0.05 per share1. Since then, HPQ stock has risen by 49,140.00%, with an average of 832.88% per year. An investment of thousand dollars on the IPO would be valued $492,400.00 nowadays.
1: Adjusted price after possible price splits or reverse-splits
Price target for HP stock
How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations issue their analysis predicting how a stock will performance in the future.
Along with buy or sell recommendations, brokerage institutions post their price predictions based on the stock price action and the company fundamental data. Most of these predictions follow the release of new financial information by the company, and many times. If you are a small trader you should not trade based on these forecasts.
There is just one price target issued for HP that forecasts a price of $22.00.
|Brokerage firm||Price target|
|Jan 14th, 2021|
Earnings and financials
Last November, HP Inc. ($HPQ) reported EPS for that strongly beat analysts' expectations. Quarterly EPS was $0.62 per share versus the estimated $0.52. This Q4 report represents an earnings surprise of 19.23%. Forecasted revenue was $14.7 billion but HP slightly uplifted by 3.65%, reporting $15.3 billion.Compared to the same quarter one year ago, EPS was $0.60, so current EPS means a improvement of 3.33%. Revenue only changed on an annualized basis in the , from $154.1B to $152.6B last quarter.
HP ($HPQ) is hosting the quarterly earnings call mid next February. Market predicts of $0.66, compared to previous quarter that was $0.62.
Important note:The opinions published in this post are personal and not recommendations for you to buy or sell shares. The author of this text does not have an understanding of the individual conditions of the reader, his or her financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are published for general educational motives only
|Tuesday, January 26th, 2021|
|Day range||$24.39 - $25.36|
|Average true range||$0.69|
|50d mov avg||$23.44|
|100d mov avg||$21.12|
|200d mov avg||$18.78|
|Earnings date||February 22nd, 2021|