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Why HP Stock Has Risen 15.5% in 2018

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Aug. 18 2020, Updated 6:15 a.m. ET

HP stock in 2018

HP (HPQ) stock has returned 26% in the last 12 months, 4% in the last month, and 6.3% in the last three months. It rose 30% in 2016 and 46% in 2017. Since the start of 2018, it has risen 15.5%.

By comparison, the SPDR S&P 500 ETF (SPY) and the PowerShares QQQ Trust, Series 1 ETF (QQQ) have generated returns of 7% and 16%, respectively, in 2018.

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Analyst recommendations

Of the 19 analysts tracking HP stock, 13 have recommended a “buy,” six have recommended a “hold,” and none have recommended a “sell.” Analysts’ 12-month average price target for HP is $26, and their median estimate is $26.50. HP is trading at a discount of 10% to analysts’ median estimate.

Moving averages

On August 10, HP closed the trading day at $23.99. Based on that price, the stock was trading as follows:

  • 6.2% above its 100-day moving average of $22.59
  • 2.7% above its 50-day moving average of $23.35
  • 2.4% above its 20-day moving average of $23.42

MACD and RSI

HP’s 14-day MACD (moving average convergence divergence) is 0.60. A stock’s MACD marks 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 61, which shows that the stock is trading close to overbought territory. An RSI score above 70 indicates that a stock has been overbought, while an RSI score below 30 indicates that a stock has been oversold.

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