HP Inc.: a new buy signal fires, but risk runs high
HP Inc. gains 3.7% as a new buy signal opens at elevated risk
HP Inc.: a new buy signal fires, but risk runs high
Our view last week
On HP Inc., buyers are back in charge: 75% of daily volume is on the buy side, and money flow, negative in recent weeks, has turned positive. Price is boxed between the daily pivot average in the 24.65 area and the upper Bollinger Band in the 25.18 area. After last week's 10% bounce, the Sell signal keeps losing strength — now just 2 out of 100 — and the picture points to a decline running out of road.
This week's summary
HP Inc. shares bounce off their 20-day moving average and close the week at +3.7%, with buyers driving 80% of daily volume. After weeks of a fading sell signal, a new buy signal fires this week - first among the seven fresh US Longs in our model. Price, though, stays boxed below the 200-week average and close to the first resistance: our technical analysis flags an entry at elevated risk, one to handle with discipline.
IQS Phase
58
ordinary
Signal Strength
72
high · wide & volatile
Sizing
FULL
Ranking
#1 / 7
New us stocks
Trade P&L %
+0.00%
from signal to today
Rank position
ranks 1st among the 7 fresh Longs for US stocks in our ranking, with a signal strength of 72 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly +0.17% · monthly -3.92%
HPQ belongs to the growth tech sector (reference ETF XLK). The sector is classified weak phase according to our weekly reading.
restricted Platinum content