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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