Hp Inc. | HPQ

Daily Technical Analysis of Hp Inc.

Hp is only slightly up on the day, shares traded 0.32% higher on the day. It looks like HPQ may be interacting with a slightly angled support line. This area could represent a pivot point that it moves up from. In addition to being near an angled support line HPQ is near a weak support line. We'll see if it bounces off or heads lower. Hp hasn't been that impressive in terms of its 3 month momentum, we'll see if it can turn things around and start heading up or continue its slide down.

If we get a reversal off of support and Hp starts moving up, it can probably get to $34.91 at which point it'll need to break through that resistance level in order to keep moving higher. If it punches through this support level, it can easily push down to $27.1 where it may meet further support, hopefully it can consolidate around that point.

Analyst Ratings for Hp By Price Target And Rating

The analysts are pretty neutral on HP right now, so not much useful information here. The current Analysts Sentiment Score is 0.97. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. On 2023-12-12 Morgan Stanley upgraded HP from Equal Weight to Overweight and moved up their price target to $35.00 which is a 12.9% increase. On 2023-12-11 there was an upgrade provided by Evercore ISI from In-Line to Outperform and also increased their price target by 21.21% to $40.00. Citigroup upgraded from Neutral to Buy on 2023-11-13 and also increased their price target by 6.45% to $33.00. Edward Jones upgraded from Hold to Buy on 2023-11-07. Bank of America announced an upgrade on 2023-10-03 from Underperform to Buy and moved up their price target to $33.00 which is a 32% increase. Deutsche Bank Aktiengesel announced a lowering of their price target to $30.00 from $32.00 on 2023-08-30. JPMorgan Chase & Co. provided a price target decease of -2.5% to $39.00 from $40.00 on 2023-08-30. On 2023-08-30 Barclays lowered their price target by -4.17% to $23.00. On 2023-05-31 UBS Group increased their price target by 3.33% to $31.00. 58.com reiterated a rating of Maintains on 2023-05-31.

Earnings Per Share (EPS) Estimates By Year and Quarter

Short interest for HP

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Social Sentiment for HP

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.