Hewlett-Packard tries to vent off oversold saturation - Analysis - 15-10-2021
2021-10-15 12:10:21 GMT
(Economies.com)
Hewlett-Packard's stock (HPQ) rose 3.81% in the last session, while venting off oversold saturation in the RSI after positive signals out of them, while trading within a descending correctional price channel that guided recent short-term trading, with negative pressure from the 50-day SMA.
Therefore we expect the stock to return lower, targeting the support of 24.50, provided the pivotal support of 26.90 was breached.
Expected trend for today: Bearish
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
1.1292
|
0.0049
|
0.4339%
|
|
|
|
|
1.3338
|
-0.0068
|
0.5042%
|
|
|
|
Tadawul
|
11299.45
|
-68.73
|
0.60%
|
|
|
|
|
23.648
|
-0.839
|
3.428%
|
|
|
|
|
74.176
|
-1.674
|
2.207%
|
|
|
|
|
77.55
|
-4.71
|
5.73%
|
|
|
|
|
1808.835
|
-9.000
|
0.495%
|
|
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