HP stock: buy or sell

HPQ stock price: $24.62 -1.60% At close on Jan 26th, 2021

Updated on:
Jan 27th, 2021

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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

HP ratings

In the last month, just one brokerage rating was published for HP

HP analysts' ratings - Last month
Brokerage firmRating
Jan 14th, 2021
Barclays

HP stock analysis

SMAs overview

HPQ stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $25.07 (1.83% above)
  • R2: $26.15 (6.21% above)
  • The current supports are:

  • S1: $23.81 (-3.29% below)
  • S2: $23.07 (-6.30% below)
  • S3: $22.52 (-8.53% below)
  • Bollinger bands

    Since the price surpassed the upper band on January 12, the price sliced by 5.85%

    HPQ stock Bollinger Bands chart

    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%

    HPQ stock RSI chart

    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

    HPQ stock price history chart

    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.

    HP stock price predictions
    Brokerage firmPrice target
    Jan 14th, 2021
    Barclays $22.00

    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.

    HP performance

    HPQ performance compared
    Company1m3m6m
    HP ($HPQ) 1.20% 31.40% 41.00%

    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

    HP summary

    Tuesday, January 26th, 2021
    Open$25.19
    Close$24.62
    Day range$24.39 - $25.36
    Previous close$25.02
    Session gain-1.60%
    Average true range$0.69
    50d mov avg$23.44
    100d mov avg$21.12
    200d mov avg$18.78
    Earnings dateFebruary 22nd, 2021

    Frequently asked questions

    What is HP stock symbol?

    HP Inc. is a public company trading in the US stock market with the HPQ symbol

    Is HP stock a buy or sell?

    HP had one rating in the last 30 days Read the article to get additional tips on trading HPQ stock.

    Will HPQ go up?

    HP had different price predictions issued by market analysts in the last 4 weeks setting the target price to $22.00. That is a 10.64% than the last price ($24.62).