HP Inc. slows down but the bullish picture holds
HP Inc. slips 1.3% but the buy signal holds above recent highs
Our view last week
After last week's 10% jump, HP Inc. stock slows its pace but stays glued to its recent highs, already tested once in the past ten weeks: breakout tension building. Weekly technical analysis backs the bullish picture — ADX rising, MACD above its signal line — even as candle bodies fade a touch. The buy signal, which fired three weeks ago, is holding: IQS in tension, signal strength high and wide-moving.
This week's summary
HP Inc. slows down after last week's jump, but the bullish picture holds: the buy signal is in its 4th week, with IQS at 64 and signal strength at 70 out of 100. The price has already tested recent highs once in ten weeks, and a few technical caveats call for monitoring: contracting volumes and an indecisive phase. The stop now sits at breakeven, zeroing out the risk, while quarterly earnings land this very week.
IQS Phase
64
ordinary
Signal Strength
70
high · wide & volatile
Sizing
FULL
Ranking
#26 / 167
US stocks in progress
Trade P&L %
+15.38%
from signal to date, no stop loss
Rank position
ranks 26th among the 167 Longs already running for US stocks in our ranking, with a signal strength of 70 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly -3.53% · monthly +1.69%
HPQ belongs to the growth tech sector (reference ETF XLK). The sector is classified weak phase according to our weekly reading.
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