HP stock has risen 18.6% in 2018
HP (HPQ) stock has returned 18.6% in the last 12 months, 7.1% in the last month, and 2% in the last five trading days. HP stock rose 30% in 2016 and over 46% in 2017. Since the start of 2018, it’s risen over 18.6%.
In comparison, the SPDR S&P 500 ETF (SPY) and the PowerShares QQQ Trust, Series 1 ETF (QQQ) have generated returns of 8% and 16.5%, respectively, in 2018.
Of the 19 analysts tracking HP, 13 have recommended “buys,” six have recommended “holds,” and none have recommended “sells” on the stock. Analysts’ 12-month average price target for HP is $26.2, and the median estimate is $27. HP is trading at a discount of 10% to analysts’ median estimate.
On August 23, HP closed the trading day at $24.63. Based on that price, the stock was trading as follows:
- 8% above its 100-day moving average of $22.81
- 4.8% above its 50-day moving average of $23.51
- 3.1% above its 20-day moving average of $23.89
MACD and RSI
HP’s 14-day MACD (moving average convergence divergence) is 0.34. A stock’s MACD is the difference between its short-term and long-term moving averages. HP’s positive MACD score indicates an upward trading trend.
HP has a 14-day RSI (relative strength index) score of 67, which shows that the stock is trading very close to overbought territory. An RSI score of above 70 indicates that a stock has been overbought, while an RSI score of below 30 indicates that a stock has been oversold.