Hewlett-Packard returns lower - Analysis - 20-03-2023

Hewlett-Packard's stock (HPQ) returned lower in the intraday levels after retesting the upward correctional trend line which was breached earlier, marking a loss of 0.95% in the last session, or 27 cents, and settling at 28.04, while suffering negative pressure from the 50-day SMA, countered by positive signals from the RSI after reaching overbought levels. 

Therefore we expect more losses for the stock, targeting the support of 26.00, provided the resistance of 29.18 holds on.

Expected trend for today: Bearish