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Riding the Bullish Wave: HPQ Eyes $41.53 Long Term TargetHP Inc. (NYSE: HPQ) is showing promising signals for a short-term upside, despite recent volatility in the tech sector. According to recent reports, the stock outperformed its competitors on a strong trading day, yet faces ongoing risks to a PC market rebound, as highlighted by warnings from Citigroup. However, our Quantum Probability indicator, W.ARITAs, coupled with technical patterns, points to a solid trading opportunity. Technical Outlook: Bullish Patterns Indicate Upside Our analysis has identified two powerful overlapping bullish patterns in HPQ stock: the Bullish Harmonic Pattern - BAT and the Bullish Flag, both signaling potential upward movement. The stock has faced considerable pressure around the critical zone of $36.08, where we saw three retests, each validating the support level. Following these retests, we have now confirmed a breakout above this critical zone. The ideal entry price for investors looking to capitalize on this momentum is $36.09 . We are placing a stop loss at $34.18, protecting against potential downside, while the take-profit target is set at $41.53 , based on key resistance levels. This offers a strong risk-reward ratio of 2.89, making it a compelling short-term trade. Conclusion: High Potential Short-Term Opportunity While HPQ has faced challenges in the broader tech market, including concerns about the PC market rebound, the stock’s technical setup presents a positive outlook for short-term gains. Investors seeking to enter at $37.09 with a stop loss of $34.18 and target price of $41.53 stand to benefit from a bullish breakout and a favorable risk-reward scenario. Disclaimer: This analysis is based on technical indicators and market observations. It is not financial advice. Investors should conduct their own research and consult with a financial advisor before making any investment decisions.
NYSE:HPQLong
by insidermike
Hp Breakout and Retest PlayHi mates, Here i am sharing an idea after many days and hope you all are fine and doing well in Trading so let's start quickly as you can see i brought a weekly chart of Hp with a view of breakout retest, So as we can see on provided chart that price gives a breakout of swing top horizontal resistance which is more then one year old resistance line and after resistance breakout price came down and tested it's resistance as support and giving a classic example of support and resistance where they both excahnges their roles and giving a confirmation too that happned breakout was genuine. So here my view is long in this and hoping that soon we can see recent made swing again after breakout in coming sessions marked as my target too on published chart. Hope you like my work and you will support my idea too, thanks for reading. This idea is meant for educational purpose and please don't take it as a trading idea. Best Regards- Amit
NYSE:HPQLong
by AMIT-RAJAN
6
HP Surge 12.53% On Q2 Revenue Beat HP Inc. ( NYSE:HPQ ) beat Wall Street estimates for second-quarter revenue, signaling a recovery in the personal computer (PC) market as customers upgrade their systems. HP experienced a boom in sales during the pandemic and a subsequent two-year sales slump, which is now easing. The company is hoping to ride a wave of upgrades after Microsoft unveiled new AI features designed to work on a new generation of PCs. HP posted second-quarter revenue of $12.8 billion, above analysts' average estimate of $12.6 billion. In the reported quarter, sales of HP's personal systems segment, home to its desktop and notebook PCs, rose 3% from a year ago, while its printing segment posted an 8% fall. The company now expects fiscal 2024 adjusted profit to be in the range of $3.30 to $3.60 per share, compared with its previous outlook of between $3.25 and $3.65 per share. The midpoint of the full-year range was $3.45, above analyst estimates of $3.43. HP Inc.'s Personal Systems unit, which houses its key desktop and note PC products, jumped by 3.1% to $8.43 billion, surpassing estimates of $8.28 billion. This result also helped offset weakness at its Printing segment that analysts at Goldman Sachs linked to a soft Chinese market and increased competition. Chief Executive Enrique Lores said that as the market recovers and new AI PCs are introduced, HP is well positioned to drive profitable growth across its business. Goldman Sachs analysts predicted that AI PCs will likely not be a "material contributor" to HP Inc's full-year 2024 returns, but they are set to drive a "5-10 percentage point" uptick in average selling prices "over time." Technically, NYSE:HPQ is overbought with a Relative Strength Index (RSI) of 85.61. The stock is up 12.62% as of the time of writing. NYSE:HPQ is trading above the 200, 100 and 50- day Moving Averages (MA) respectively.
NYSE:HPQLong
by DEXWireNews
HP to $60Overview This is a very brief price prediction for HP that will require further review, however, I found the opportunity too affordable to pass up and wanted to share my thoughts. Bottom line: the call options are very cheap and HPQ's chart screams potential for a lucrative trade. Trading Pattern HP ( NYSE:HPQ ) has formed a bullish flag on the 1D chart and it appears close to breaking out as the descending wedge is completely developed. Technical Indicators MFI is approaching oversold territory while MACD has a sharp positive slope above its signal line.
NYSE:HPQLong
by Shepherd_Investor
HPQ - fall -9.68% to 81 cents per share on February 28The last earnings report on October 31 showed earnings per share of 90 cents, meeting the estimate of 90 cents. P/B Ratio (0.000) is normal, around the industry mean (5.135). P/E Ratio (8.834) is within average values for comparable stocks, (55.053). Projected Growth (PEG Ratio) (3.119) is also within normal values, averaging (56.300). Dividend Yield (0.037) settles around the average of (0.036) among similar stocks. P/S Ratio (0.536) is also within normal values, averaging (10.021). With 9.43M shares outstanding, the current market capitalization sits at 28.54B.
NYSE:HPQ
by tickeron
2
HP Stock Chart Fibonacci Analysis 122123 Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 31.3/61.80% Chart time frame : C A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress : B A) Keep rising over 61.80% resistance B) 61.80% resistance C) Hit the bottom D) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
NYSE:HPQ
by fibonacci6180
Hewlett Packard Solid Performance in FY 2023, Eyes AI GrowthHewlett Packard Enterprise (NYSE:HPE) reported strong performance in fiscal year 2023, with record-breaking non-GAAP diluted net earnings per share and free cash flow, according to the latest earnings call. The company's Intelligent Edge and HPC and AI segments, as well as the HPE GreenLake platform, drove its revenue and profit growth. HPE also raised its dividends for 2024 and expressed confidence in delivering value for shareholders in fiscal year 2024 and beyond. Key takeaways from the call: i. HPE achieved significant financial success in FY 2023, with its Intelligent Edge segment being the largest driver of revenue and profit growth. ii. The company ended the year with its highest gross margin, highest operating profit, and highest annual revenue in four years. iii. HPE's as-a-service orders grew 11% year-over-year in Q4, and cumulative as-a-service TCV reached nearly $13 billion. iv. The company generated $2.3 billion in free cash flow in Q4 and $2.2 billion in FY '23, surpassing their guidance. v. The company's FY '24 guidance includes 2% to 4% revenue growth in constant currency and a non-GAAP structural tax rate of 15%. vi. HPE plans to increase its dividend by 8% in FY '24 and aims to return 65% to 75% of free cash flow to shareholders between FY '24 and FY '26. HPE executives highlighted the strong demand for AI and the company's ability to capture it. The company's strategy is focused on driving top-line growth and expanding gross margins, with a non-GAAP gross margin of 34.8% in Q4. The company also reiterated its free cash flow guidance of $1.9 billion to $2.1 billion. HPE's CEO, Antonio Neri, discussed the company's collaboration with NVIDIA (NASDAQ:NVDA) and their joint plan to win in different market segments. He highlighted HPE's unique software for running supercomputers and AI systems at scale, including technologies for checkpointing and networking interconnect. Neri also mentioned their machine learning development environment and the use of NVIDIA's AI enterprise software and GPUs. HPE's revenue mix and the flexibility of its Gen 11 server, which can accept different processing units, were also discussed during the call. The company expects a quick recovery in its storage business in Q1, with improved revenue mix and moderation in operating expenses. The company's HP (NYSE:HPQ) Electra product experienced significant growth, although some revenue was deferred due to the subscription model. The company expressed confidence in its strategic investments and innovation, which have led to revenue growth and increased profit. As a result, HPE plans to raise its dividend for 2024. The call concluded with Neri expressing wishes for a fulfilling year-end and holiday season. Technical Analysis HPE is trading in the middle of its 52-week range and above its 200-day simple moving average. Investors are still evaluating the share price, but the stock still appears to have some upward momentum. This is a positive sign for the stock's future value.
NYSE:HPQLong
by DEXWireNews
HP(NYSE: HPQ) Reported Fourth-Quarter Fiscal 2023HP Inc. HPQ reported better-than-expected financial results for the fourth quarter of fiscal 2023. HP reported fourth-quarter fiscal 2023 non-GAAP earnings of 90 cents per share, which surpassed the consensus mark by a penny and came within management’s previously guided range of 85-97 cents. Moreover, the bottom line improved 10% on a year-over-year basis, mainly driven by lower commodity and logistics expenses and efficient cost management, partially offset by a reduction in revenues and unfavorable currency exchange rates. HP’s net revenues of $13.8 billion came in higher than the Zacks Consensus Estimate of $13.68 billion but declined 6.5% year over year. In constant currency (cc), revenues declined 5% in the fourth quarter. The dismal top line reflected a weak performance in HPQ’s Personal Systems (“PS”) and Printers segments. Guidance HP initiated guidance for the first quarter while reiterating the fiscal 2024 outlook. For the first quarter of fiscal 2024, the company estimates non-GAAP earnings per share (EPS) between 76 cents and 86 cents (midpoint 81 cents). The midpoint of the first-quarter earnings guidance fell short of the Zacks Consensus Estimate of 85 cents. For fiscal 2024, the company continues to project non-GAAP EPS between $3.25 and $3.65 (midpoint $3.45). The midpoint of the fiscal 2024 earnings guidance range is in line with the consensus mark. HPQ also reaffirmed its free cash flow guidance of $3.1-$3.6 billion for fiscal 2024. Price Momentum HPQ is trading in the middle of its 52-week range and near its 200-day simple moving average. What does this mean? Investors are still evaluating the share price, and the stock is still trying to generate some momentum. This is a Positive sign for the stock's future value.
NYSE:HPQ
by DEXWireNews
HPQ: heading towards the bottom? Trading idea for 02/10/2023Berkshire Hathaway, the holding company of renowned investor Warren Buffett, is actively reducing its holdings in Hewlett-Packard Company (HPQ) shares. Berkshire's ownership in HPQ has decreased from 12.2% last quarter to 11.7%. This may be evidence of Warren Buffett having some insider information about the company's future. Furthermore, HP's actual financial performance at the beginning of this year fell short of market expectations. In light of these developments, we suggest examining the chart for Hewlett-Packard Company (NYSE: HPQ). On the D1 timeframe, support has formed at 25.23, with resistance at 27.70. If the quotes consolidate below the 26.70 level, it could indicate a potential breakthrough of support. On the H1 timeframe, the short-term target for price decline may be around 23.88, with the possibility of further declines to 19.70 in the medium term. The likelihood of price growth appears to be extremely low. — Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews. The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments. Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.87% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
NYSE:HPQ
by RoboMarkets
HP Inc to close its gap?HP Inc - 30d expiry - We look to Buy a break of 28.02 (stop at 26.98) We have a Gap open at 30/8/2023 from 31.37 to 29.02. With signals for sentiment at oversold extremes, the dip could not be extended. Price action looks to be forming a bottom. In our opinion this stock is undervalued. The bias is to break to the upside. Our profit targets will be 30.52 and 31.12 Resistance: 27.00 / 27.88 / 29.00 Support: 26.76 / 26.09 / 24.80 Please be advised that the in formation presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group
NYSE:HPQLong
by VantageMarkets
HPQ: Bearish Head and Shoulders, Diamond, Dragon, and BAMM ComboHewlett-Packard, after making five macro waves up, has formed a Bearish Structure that can only be described as being a hybrid between a Diamond and a Head and Shoulders pattern, and along with that, it is also a combination of a Bearish Dragon and Bearish BAMM. All of this is happening after HPQ faced rejection off of the PCZ of a Bearish Crab going into its 5th wave. Here is a screenshot of the zoomed out chart that showed the biggest macro wave structure that is on the chart and where all of this is happening:
NYSE:HPQShort
by RizeSenpai
HPQ : Taking a positionThis purchase was primarily driven by technical analysis. The price was at the lower end of the channel when I entered the trade. Apart from the technical aspects, two other factors piqued my interest. Despite a decline in PC sales, the company maintains a healthy cash flow, and they've been actively using that cash to buy back shares. Some of these buybacks occurred at a price closer to $33.58 per share, which is below my entry point. This further bolsters my decision to initiate this trade. Notably, HPQ is a stock that features in Warren Buffett's portfolio as per his latest 13F filing. I allocated approximately 2.5% of my capital to this position, and I do not currently have plans to increase my position size going forward. However, should my perspective change or if I gather additional fundamental data that influences my views, I will provide updates under this post.
NYSE:HPQLong
by Sniper-Traders
Shares of HPQ Fall Sharply after Report → Revenue decreased by 10% to USD 13.2 billion compared to USD 14.65 billion a year ago. This was the third quarter in a row that HP fell short of analysts' estimates. → “While we expect another quarter of sequential growth in Q4, the external environment has not improved as quickly as anticipated and we are moderating our expectations as a result,” said HP CEO Enrique Lores. → Earnings per share was 86 cents (in line with forecasts), and the company estimates earnings for the next quarter could be between 85 cents and 97 cents. As a result, at yesterday's low, the fall in the share price of HP Inc. exceeded 10%. Can the fall continue? An analysis of the HPQ stock chart makes a strong bullish case: → HPQ price closed at the high of the day; → the price has found support from the lower boundary of the parallel channel; → the price fell below the support at 28.90, but closed above. This may mean that the increased volatility and activation of stop-losses located below the obvious support could be used by large players to accumulate long-term long positions at low prices, which were formed for a short period after the fundamental event. By the way, according to Lores, the availability of artificial intelligence products at the end of 2024 should refresh consumer and commercial sales. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NYSE:HPQ
by FXOpen
HPQ Entry, Volume, Target, Stop, ResistanceEntry: when price clears 31.47 Volume: with daily volume greater than 8.49M Target: 36.00 area Stop: Depending on your risk tolerance; 29.98 gets you 3/1 Risk/Reward - I would close the trade immediately if proves moves lower after earnings! Resistance: 35.30-35.75 This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
NYSE:HPQLong
by tradepatiently
2