HP stock: buy or sell
Jul 29th, 2021
HP stock brief
- HP closed on Wednesday at $28.47 after scarcely changing a 0.25%.
- 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?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. 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 rise higher. Simply, it doesn't match our recommended trading systems
Should I sell HP stock?
When you are a novel trader and you own stock shares with some profit, it's really hard to decide the correct moment to sell and get your profits. Trading strategies let us to avoid impulsive decisions based on our personal emotions or the noise surrounding the market. When selling, as well as buying, our strategies are very simple to use and are only valid for selling shares you already own, not for shorting HP stock
As a golden rule, you must never hold a trade that produces greater losses than those expected at the time of the buy. The timing to sell your stock should always be determined 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 hold HP shares and your operation is in profit probably is not time to sell now
In the last month we couldn't find any rating for HP
HP stock analysis
Supports and resistances
The current resistances are:
The current support levels are:
Since the price broke down the lower band on July 19, the price has bounced off by 5.80%
Relative strength index
When the stays for so long below 70 and above 30, without indicating moments of overvaluation and undervaluation, the indicator turns out to be of little use, and we are now in such a case.
HP stock price history
HP IPO was on Jan 2nd, 1962 priced at $0.05 per share1. Since then, HPQ stock surged by 56,840.00%, with an average of 963.39% per year. An investment of thousand dollars on the IPO would worth $569,400.00 nowadays.
1: Adjusted price after possible price splits or reverse-splits
Price target for HP stock
How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations issue their analysis forecasting how a particular stock will performance in the future.
The following table shows the price predictions posted by financial institutions in the last 30 days. Again, these targets are not direct recommendations for small investors and must not be trusted blindly.
In the last month we couldn't find any price target posted for HP stock.
Earnings and financials
Last May, HP Inc. ($HPQ) reported adjusted EPS for that slightly improved analysts' expectations. Quarterly EPS was $0.93 per share from an estimated $0.89. This Q2 report means an earnings surprise of 4.49%. Estimated revenue for Q2 was $15.0 billion but HP slightly improved by 5.85%, posting $15.9 billion.This compares to Earnings of $0.51 per share a year ago, so posted EPS means a gain of 82.35%. Revenue skyrocketed a 27.33% on an annualized basis in the , from $124.7B to $158.8B last quarter.
HP ($HPQ) presents financial report late next August. Analysts expect of $0.84, that is a 9.68% less than previous quarter.
Important:The thoughts published in this article are personal and should not be followed as recommendations for you to buy or sell shares. The author of this article does not know the individual scenarios of the reader, his or her financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are expressed for informational purposes only
|Wednesday, July 28th, 2021|
|Day range||$28.16 - $28.67|
|Average true range||$0.99|
|50d mov avg||$29.72|
|100d mov avg||$31.00|
|200d mov avg||$27.02|
|Earnings date||August 25th, 2021|