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HPQ

HP Inc. (HPQ) Shares Drop 11%HP Inc. (HPQ) Shares Drop 11% HP Inc. (HPQ) shares plummeted 11% following the release of its quarterly earnings report: → Earnings per share (EPS): Actual = $0.93, Expected = $0.93 → Revenue: Actual = $14.05 billion, Expected = $13.09 billion While HP Inc.'s reported revenue and EPS aligned closely with analysts’ expectations, the market was disappointed by its forward guidance. According to FactSet, the company forecast EPS for the next quarter at $0.73, falling short of the $0.85 expected by analysts. As a result, HPQ shares dropped below $35 for the first time since October 1. Is now the time to buy shares in this leading provider of PCs and high-tech products? Analysts remain cautious, according to TipRanks: → Only 3 out of 15 analysts recommend buying HPQ shares. → The average 12-month price target for HPQ stands at $36, though post-earnings revisions may lower these estimates. Technical Analysis of HPQ Shares: → The stock is trading within an upward channel (indicated in blue), and the long lower shadow on yesterday’s candle suggests strong demand near the channel’s lower boundary. → The $39 level has acted as resistance for the second time this year (highlighted by arrows) and is likely to remain significant. → The ATR indicator signals a notable spike in volatility. Given the sharp price movement, it is reasonable to anticipate another period of price consolidation on the HPQ chart, similar to the pattern observed during the summer (highlighted by the orange triangle). 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
2
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
DELL moves higher in continuation LONGDELL on the weekly chart shows its bullish trend which accelerated this past March as shown on the Prive Volume Trend. The relative volume indicator shows some spiking blue volume bars of buying volume = 3 of the 13 weeks in the past quarter. I see this as a long swing trade or even an investment to hold at an easy to get into price compared with SMCI. DELL may be a bit overbought and overextended but I am convinced it is for good reasons and that a trade here will pay profit over time. The dip of 5% in the past trading day provides a good entry.
NYSE:DELLLong
by AwesomeAvani
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
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
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
Buying HP at trend of higher lows.HP Inc - 30d expiry - We look to Buy at 30.32 (stop at 29.32) The sequence for trading is higher highs and lows. Broken out of the triangle formation to the downside. The trend of higher lows is located at 30.20. We look to buy dips. This stock has seen good sales growth. Our profit targets will be 32.82 and 33.32 Resistance: 31.50 / 32.30 / 33.30 Support: 30.87 / 30.20 / 29.32 Please be advised that the information 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 to find buyers at trend of higher lows?HP Inc - 30d expiry - We look to Buy at 28.36 (stop at 27.16) Price action has formed a bullish ascending triangle formation. The sequence for trading is higher highs and lows. Trend line support is located at 28.30. Previous resistance at 28.50 now becomes support. A lower correction is expected. We look to buy dips. Our profit targets will be 31.36 and 31.86 Resistance: 30.50 / 31.47 / 32.00 Support: 30.00 / 29.20 / 28.30 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). 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 Signal Centre.
NYSE:HPQLong
by VantageMarkets
HPQ WCA - Ascending Triangle Company: HP Inc. Ticker: HPQ Exchange: NYSE Sector: Technology Introduction: Hello and thank you for taking the time to read my post. Today, we analyze the weekly chart of HP Inc. (HPQ), focusing on an interesting price pattern, an ascending triangle as a reversal pattern. Although rare, ascending triangles can indeed act as reversal patterns, offering potential trading opportunities. Ascending Triangle Reversal Pattern: An ascending triangle is a bullish continuation or reversal pattern, characterized by a horizontal resistance line and a rising trendline that connect the higher lows. The pattern typically indicates an accumulation phase where buyers are gaining control, leading to a potential breakout above the horizontal resistance. Analysis: On the weekly chart, HPQ exhibits an ascending triangle reversal pattern. We can see a clear horizontal resistance line at $30.95, which has already been touched three times, and a clear diagonal uptrend line that has been touched twice. Importantly, this pattern is forming above the 200 EMA, reflecting a bullish environment. The price target for this pattern is $37.60, representing a potential gain of approximately 21%. Traders should closely monitor the horizontal resistance level at $30.95 for any signs of a breakout. Conclusion: The HPQ weekly chart analysis highlights an ascending triangle reversal pattern, signaling a potential reversal of the current trend. Traders should closely monitor the horizontal resistance level for any signs of a breakout. As always, it's essential to consider risk management and proper position sizing when trading based on chart patterns. Please note that this analysis is not financial advice. Always do your own due diligence when investing or trading. If you found this analysis helpful, please like, share, and follow for more updates. Happy trading! Best regards, Karim Subhieh
NYSE:HPQ
by KarimSubhieh
HP in ascending triangle.HP Inc - 30d expiry - We look to Buy at 28.36 (stop at 27.16) Price action has formed a bullish ascending triangle formation. The sequence for trading is higher highs and lows. Trend line support is located at 27.90. Previous resistance at 28.50 now becomes support. A lower correction is expected. We look to buy dips. Our profit targets will be 31.36 and 31.86 Resistance: 30.50 / 31.47 / 32.00 Support: 30.00 / 29.20 / 28.30 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). 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 Signal Centre.
NYSE:HPQLong
by VantageMarkets
HP levels above 31 continue to attract sellers.HP Inc - 30d expiry - We look to Sell at 30.95 (stop at 32.15) The primary trend remains bearish. Levels above 31 continue to attract sellers. Expect trading to remain mixed and volatile. 31.09 has been pivotal. 31.02 has been pivotal. The trend of lower highs is located at 30.95. Our profit targets will be 27.95 and 27.35 Resistance: 30.30 / 31.09 / 32.00 Support: 29.12 / 28.30 / 27.50 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). 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 Signal Centre.
NYSE:HPQShort
by VantageMarkets
1
HP preferred buys are on dips.HP Inc - 30d expiry - We look to Buy at 27.77 (stop at 26.60) Further upside is expected although we prefer to buy into dips close to the 27.50 level. Trend line support is located at 27.50. A lower correction is expected. Preferred trade is to buy on dips. The stock is expected to outperform in its sector. Our profit targets will be 30.69 and 31.29 Resistance: 30.34 / 31.09 / 32.00 Support: 29.34 / 28.30 / 28.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). 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 Signal Centre.
NYSE:HPQLong
by VantageMarkets
HP, INC - BULLISH SCENARIOHP Inc. is the largest U.S.-based manufacturer of personal computers and the second-biggest worldwide, with an 18.7% share of the global market. The company sells desktop and notebook computers, workstations, retail point-of-sale systems, displays, printers and hardware, and support and services. HPQ holds 27,000 patents and operates in 170 countries globally. The company was one of the purchases of Warren Buffet back in April. Although the 20% shipments drop its commercial PC business remained strong, with revenue jumping 26% year over year. A bullish impulse is expected to the 0.618 Fibonacci level, with a $35 price target. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NYSE:HPQLong
by legacyFXofficial