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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
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
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 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
HPQ long term outlook and where to buyWith the break of key moving averages (21w and 34w) a patient investor following the Buffett playbook might want to look into acquiring HPQ for a trend continuation in the long term uptrend of this stock. The question is, as always, where will it bottom? Outlined is the most likely scenario: bottom will be somewhere in between $30 and $31. Invalidation of this idea comes from making a new lower low, shown with a stop loss under $26. The patient investor should expect to reach target of $40 if not much, much more. This corresponds to a >30% move. This TA is based on the idea of monthly support levels (monthly S1-S3 lines) and demand zones (white candles within our indicators). The prior range from June-October 2021 also provides excellent support. Monthly support levels will change tomorrow with the arrival of a new month but we expect them to simply add additional confluence to this idea when they are printed.
NYSE:HPQLong
by LYFTOFF
HPQ - 14.95% Potential Profit - Ascending TriangleAscending triangle formed after a 9-month modest rally. Multiple new support confirmation over the past few days. Support has been broken in a few occasions. However, I still feel that the risk/reward ratio is acceptable. - Target Entry $24.30 - Target Stop Loss $23.81 - Target Exit $28.01 About me - P/L: Oct-Nov-Dec Trading Suspended | September +49.18% | August: +232.32% | No Trades without Analysis - Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss
NYSE:HPQLong
by maschera
2
HPQ - 15.14% Potential Profit - Ascending TriangleIn order to decrease the risk associated with this trade, I strongly recommend waiting for tomorrow's earnings call: I like to play it safe and decrease unnecessary exposure when possible. A negative price reaction to earnings might invalidate this whole trade. Ascending Triangle with clear uptrend Support. Target price set at a new potential resistance line. - 5-month Uptrend - RSI + Stoch above 50 - MACD above Signal Suggested Entry $18.51 Suggested Stop Loss $17.75 Target price $21.31 Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
NYSE:HPQLong
by maschera
HPQ - 11.66% Potential Profit - Ascending TriangleUptrend Support with an Ascending Triangle forming within an uptrend corridor. Target price set at the 4th confirmation of the resistance line. - 4-month uptrend - RSI and STOCH above 50 - MACD above Signal Suggested Entry $18.84 Suggested Stop Loss $18.28 Target price $21.04 Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
NYSE:HPQLong
by maschera