Hewlett-Packard tries to vent off oversold saturation - Analysis - 15-10-2021

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