HP Inc.: confirmation holds, +5.9%
HP Inc. stock rises 5.9% as last week's fresh buy signal holds firm
HP Inc.: confirmation holds, +5.9%
Our view last week
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.
This week's summary
HP Inc. shares close the week up 5.9%, with 95% of daily volume on the buy side and price back near its recent highs. This is the confirmation week for the buy signal that fired seven days ago, and for now it holds. Our technical analysis flags early signs of fatigue though, with buyer dominance fading in the last session — one to watch closely.
IQS Phase
59
ordinary
Signal Strength
70
high · wide & volatile
Sizing
FULL
Ranking
#22 / 120
US stocks in progress
Trade P&L %
+5.90%
from signal to date, no stop loss
Rank position
ranks 22nd among the 120 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 -0.30% · monthly -5.53%
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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