hpq safe trade range studyGood trading range with support and resistance Volume profile, beyond those support resistance, Need to check new price action.
HPQ trade ideas
Sharing my thoughts and observations on HPQSharing my thoughts and observations on HPQ. This trading plan is based on the pivot points observed this week and the harmonic pattern shows divergence with RSI and MACD between points X (June 8th) and D (August 11th). If seen in a 2-day chart, the bar closing today is forming a Bearish Engulfing candlestick pattern.
HP CORPORATION View DailyHey traders, HP CORPORATION is in a fake bearish configuration but we see a refusal from buyers on a sales volume. It forms a doji of the signs of a premature rise on the lower TIMEFRAME and is located on the median. Great potential to arrive on the last precedent higher with the bullish gap, it is possible that it breaks the center of the median if the buyers are back.
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HPQ forming Ascending Triangle.Possibility of HPQ breaking out of Ascending triangle with testing the current Resistance for the 3rd time.
Disclaimer: Not an advice to Sell or Buy!
HPQ Idea. High Demand for Computers.I believe that with all of the Remote Work and Remote Learning, we are going to see a large gains for HP, DELL, etc.
HPQ: Ascending TriangleAscending Triangle
Pros
Descending volume
250RSI close to 50
PPS above 50MA
Cons
200MA flat
ATR descending
PPS below 200MA
If Confirmed
PT1 = 18,78
PT2 = 19,46
PT3 = 20,83
PT4 = 22,09
PT5 = 24,04
PT6 = 24,32
HPQ dip buy after triangle breakoutHPQ recently broke out of a triangle to the upside. Analyst sentiment is bullish, with HPQ earning an 8.9/10 Equity Starmine Summary Score. Short-dated options positioning on HPQ are extremely bullish-- more bullish than any other security I've recently looked at. The news environment has been relatively positive, with a new suite of remote work product offerings offsetting fears of weak PC demand in the back half of the year. Recent analyst earnings revisions have been in an upward direction. Recent signs of recovery for industrials and manufacturing should bode well for HPQ's 3-D printing business.
Plus, HP looks cheap. Admittedly its forward PEG ratio at 8 is a little high, but that's offset by a really low PSG ratio of 0.38 and a 4% dividend yield. In forward P/E and forward P/S terms, HPQ is at the absolute rock bottom of its 3-year valuation range. To get this high a dividend yield on a technology company with consistent earnings and sales growth is really rare. HP ranks fourth in the list of companies with the most 3-D printing patents, so I think it holds a leadership position in a promising emerging technology space. (The industry's growth has honestly been a little disappointing to date, but more patents are being filed every year, and eventually I think we hit a tipping point where the technology becomes cheap enough and viable enough to really blow up.)
FundaTechno Analysis | Value tech, $18 CallsContinuing HPQ analysis, forming a local bull flag holding cloud support.
Fundamentally is valued at a buy with a technical breakout expected within few weeks, likely 1-2 weeks before earnings.
I estimate a fair price in mid $20s.
FundaTechno Style
Drop a follow to see my trades live
HP short prediction!HP might enter into a bear region on a weekly chart. It seems struggling to break the resistance and doing more sideways.
Good entry point of HP is at 16.23.
FundaTechno Analysis | HP UndervaluedLooking for a retest of .5 fib, HP not getting as much attention as STARS stocks, cheap calls
FundaTechno Style
Drop a follow if u vibe
Target 20?It can happen as long as it stays above that bottom trend line. Otherwise lower prices to come.
HPQ LongVery Simple trade. Huge oi in July and August options. Previous share buyback guidance now slated for 30% of float if confirmed. Dividend paid and HPQ has cash to pay.
Ignoring fundamentals as we're traders, HPQ is about to b/o from channel it's traded in since March. $18.15 is the highs from that level & HPQ broke out of recent rally run today.
Go long HPQ July & August calls for a PT of above $20.
E: 100day is $18 not $19. Old chart forgot to update.
HQP BUY OR LONG TARGET UP BIG $22HBQ formed a Symmetrical Triangle Pattern , it is waiting to confirm after 1 hour, basically a nice pattern and Tp $ 22.
Buy : $17.50
Target : $22
Stop loss : $17.02
Wish you a successful trading !
HPQ - HP Stock Technical and Fundamental Analysis Technical Analysis - Hold Before buying - There are some concerns around the Printing Business (Loss of 19%)
Prices are moving inside a channel, wait to check if the support will be tested again before buying.
Fundamental Analysis
There was good news for HP (ticker: HPQ) in PCs, with flat revenues in notebooks year over year. But the printing business was badly hurt by the wholesale shutdown of offices, with revenues down 19%, including a 31% decline in commercial hardware and a 15% drop in printer supplies. The company expects continued weakness in printers and supplies in the July quarter.
From a fundamental point of view, there is an emerging concern that HP’s printer business simply won’t recover to pre-Covid levels in an environment when many workers spend less time (or no time) working from offices. With fewer workers in the office, there will be less need for printers and printing supplies.
HPQ (Covered Call)I bought 100 shares of HPQ stock after it broke above resistance trendline and I sold the 16.50 call option to mitigate downside risk . By buying 100 shares at 16.45 and selling 1 june 19th call @ 16.50 strike, I collected a 1.20 premium which protects the trade by 7% (break even price at $15.25). I will reach my max profit if the stock trades sideways or remains above 16.50 where I will profit 125$ or 7.5%.
Hit the like button if you want an update in June on how this trade performed.
$HP Back to the $14sVolume is quickly drying up on the $HP 4hr chart.
Gap to be filled back at the $15.40 down to 14.90 range.
SMI has flipped.
30% Run up in 6 days.
These 4 indicators say that we will most likely see a pull back this week and possibly next.
I personally would like to see it drop back into the gap or a bounce off the .618 fib.
I would hop back on the bullish train it it breaks above $17.53 on the daily chart.
Earning is the boost Few days before the earnings report. If the earnings are positive or exceed the estimation that will boost the long movement.
I’ve got a FEVER, the only script is more $HPQIve got a hunch that there was a substantial jump in home printer purchases and it’s possibly not baked into the BCBA:HPQ stock price.
This is a “No Look Pass” pass..
1. trends.google.com
it’s Google search trend of the phrase “Home Printer”.. Notice the DOUBLING of searches in March.
2. “Ok, we get it Geno.. Everyone was forced to work from home early March and had to buy all this office sh!t so they could work from home. Why would NYSE:HPQ be a trade?”
Answer: Because it’s the 1st thing i realized i needed.
This is the market share breakdown in the Printer world;
1. HPQ, by and landslide share of 34%.
2. Canon CAJ, 19.5%. They reported on 4/23 and just modestly beat both revenue & earnings, for the first time in a while.
3. Epson, at 17%. It trades under the ticker SEKEY, which is Seiko Epson COR/ADR, it’s a pink sheet stock (think: Wolf of Wall Street hookers), that’s traded in the OTC over the counter market. I’m prohibited from trading OTC, but if you got access, awesome-sauce! 👍
For the HP-izzel though, there's 2 tickers.. HPQ, the computer/printer stock.. Not HPE, Bad Bad Bad.
3. HPQ reports on May 21, in a week.. and they missed pretty bad in Feb (Pre Quarentined to work from home) and lowered their estimates for this current Quarter (the Quarentine Quarter). Its the QQ son!
Canon CAJ, already reported on 4/23 and beat estimates and Epson is over the counter pink sheets.
