Open buy · week 11 · signal fading
HP Inc. drops 6% and closes below the Inversion Point: buy signal on the line
Our view last week
After last week's 9% drop, HP Inc. stock gained 2.6% and, on the daily chart, broke the run of 3 lower highs in place since Sep 11. Price action turns constructive again, but momentum is cooling: the weekly MACD histogram has been falling for 3 weeks and money flow, positive for 8, has been weakening for 3. HP Inc. stays among our weekly buy signals on tech stocks, up 24.7% from entry: technical analysis of a mature, volatile swing trading setup.
This week's summary
HP Inc. stock wiped out last week's rebound, dropping 6% on contracting volumes and losing its 50-day average. Momentum keeps cooling on one of our weekly buy signals: the MACD histogram has been falling for 4 weeks. Price closed below the first stop level (SL1) flagged in last week's card (30.25 area): for anyone following that level the trade is closed. The close and the Inversion Point, in the 30 area, have already crossed with no change of sign declared: one to watch in the coming sessions.
IQS Phase
54
ordinary
Signal Strength
74
high · wide & volatile
Sizing
FULL
Ranking
#22 / 92
US stocks in progress
Trade P&L %
+17.28%
from signal to date, no stop loss
HP (HPQ) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 22nd among the 92 Longs already running for US stocks in our ranking, with a signal strength of 74 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimein strong phase
Performanceweekly -0.52% · monthly +5.81%
HPQ belongs to the growth tech sector (reference ETF XLK). The sector is classified in strong phase according to our weekly reading.
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