How has HP stock performed?
Shares of leading hardware technology company HP (HPQ) have gained close to 11.2% since the start of June. Despite its recent gains, HP has risen just 1.5% since the start of 2019.
HP stock has returned 69.4% in the last three years and 34.0% in the last five years, but it’s down 4.1% since the start of 2019. HP stock is currently trading 14.0% above its 52-week low of $18.06 and 24.0% below its 52-week high of $27.08.
The SPDR S&P 500 (SPY) has generated a return of 17.4% YTD (year-to-date). It’s gained 9.4% in the last 12 months, 51.7% in the last three years, and 64.9% in the last five years. The Invesco QQQ Trust, Series 1 ETF (QQQ) has generated a return of 20.4% YTD. QQQ has risen 8.9% in the last 12 months, 82.2% in the last three years, and 109.5% in the last five years.
What do the technical indicators suggest?
HP stock is trading at $20.60, which means that it’s trading at the following levels:
- 1.5% below its 100-day moving average of $20.29
- 4.6% below its 50-day moving average of $19.70
- 3.7% above its 20-day moving average of $19.86
RSI and MACD
HP has an MACD (moving average convergence divergence) score of 0.45. 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 stock has a 14-day RSI (relative strength index) score of 63, which shows that its stock is trading close to overbought territory. An RSI score of above 70 indicates that a stock is overbought, while an RSI score of below 30 indicates that a stock is oversold.