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HP Stock Has Underperformed the Broader Indexes This Year

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Jun. 28 2019, Published 1:42 p.m. ET

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.

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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.

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