Hp Inc Stock Technical Analysis

HPQ Stock  USD 27.62  0.07  0.25%   
As of the 19th of April, HP owns the Coefficient Of Variation of (2,462), information ratio of (0.09), and Market Risk Adjusted Performance of (0.04). HP Inc technical analysis makes it possible for you to employ past data patterns with the intention to determine a pattern that calculates the direction of the firm's future prices. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume patterns, or the prices will eventually revert. We were able to interpolate data for thirteen technical drivers for HP, which can be compared to its peers in the sector. Please check out HP Inc market risk adjusted performance, information ratio, as well as the relationship between the Information Ratio and skewness to decide if HP Inc is priced more or less accurately, providing market reflects its prevailing price of 27.62 per share. Given that HP Inc has information ratio of (0.09), we strongly advise you to confirm HP's latest market performance to make sure the company can sustain itself sooner or later.

HP Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as HP, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to HP
  
HP's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

HP Analyst Consensus

Target PriceAdvice# of Analysts
28.51Buy17Odds
HP Inc current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most HP analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand HP stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of HP Inc, talking to its executives and customers, or listening to HP conference calls.
HP Analyst Advice Details
HP technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of HP technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of HP trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

HP Inc Technical Analysis

Indicator
Time Period
Execute Indicator
The output start index for this execution was fifty with a total number of output elements of eleven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of HP Inc volatility. High ATR values indicate high volatility, and low values indicate low volatility.

HP Inc Trend Analysis

Use this graph to draw trend lines for HP Inc. You can use it to identify possible trend reversals for HP as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual HP price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

HP Best Fit Change Line

The following chart estimates an ordinary least squares regression model for HP Inc applied against its price change over selected period. The best fit line has a slop of   0.01  , which may imply that HP Inc will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 6.62, which is the sum of squared deviations for the predicted HP price change compared to its average price change.

About HP Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of HP Inc on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of HP Inc based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on HP Inc price pattern first instead of the macroeconomic environment surrounding HP Inc. By analyzing HP's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of HP's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to HP specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2022 2023 2024 (projected)
Dividend Yield0.03620.03970.03570.0256
Price To Sales Ratio0.460.490.440.34

HP April 19, 2024 Technical Indicators

Most technical analysis of HP help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for HP from various momentum indicators to cycle indicators. When you analyze HP charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

HP April 19, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as HP stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
When determining whether HP Inc is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if HP Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Hp Inc Stock. Highlighted below are key reports to facilitate an investment decision about Hp Inc Stock:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in HP Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.
You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.

Complementary Tools for HP Stock analysis

When running HP's price analysis, check to measure HP's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy HP is operating at the current time. Most of HP's value examination focuses on studying past and present price action to predict the probability of HP's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HP's price. Additionally, you may evaluate how the addition of HP to your portfolios can decrease your overall portfolio volatility.
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Is HP's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of HP. If investors know HP will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about HP listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.319
Dividend Share
1.063
Earnings Share
3.41
Revenue Per Share
53.452
Quarterly Revenue Growth
(0.04)
The market value of HP Inc is measured differently than its book value, which is the value of HP that is recorded on the company's balance sheet. Investors also form their own opinion of HP's value that differs from its market value or its book value, called intrinsic value, which is HP's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because HP's market value can be influenced by many factors that don't directly affect HP's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between HP's value and its price as these two are different measures arrived at by different means. Investors typically determine if HP is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, HP's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.