HPQ closes within previous day's range

HP Inc. (HPQ) Technical Analysis Report for Jan 15, 2020 | by Techniquant Editorial Team


HPQ stuck within tight trading range
HPQ closes within previous day's range


HPQ ended Wednesday at 21.42 edging higher $0.02 (0.09%) on high volume, slightly underperforming the S&P 500 (0.19%). Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range.

Daily Candlestick Chart (HPQ as at Jan 15, 2020):

Daily technical analysis candlestick chart for HP Inc. (HPQ) as at Jan 15, 2020

Wednesday's trading range has been $0.30 (1.41%), that's above the last trading month's daily average range of $0.26. Weekly volatility is also higher, being slightly above the market's average weekly trading range. The longer-term, monthly volatility is currently slightly higher than usual for HPQ. Prices continued to consolidate within a tight trading range between 21.26 and 21.61 where it has been caught now for the last three trading days.

Prices are trading close to the key technical support level at 21.26 (S1).

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

Selling might accelerate should prices move below the close-by swing low at 21.26 where further sell stops could get activated.

Market Conditions for HPQ as at Jan 15, 2020

Loading Market Conditions for HPQ (HP Inc.)...
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