| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | SELL STOP |
| Entry Point | 33.70 |
| Take Profit | 32.00 |
| Stop Loss | 34.50 |
| Key Levels | 32.00, 33.70, 35.10, 38.10 |
| Alternative scenario | |
|---|---|
| Recommendation | BUY STOP |
| Entry Point | 35.10 |
| Take Profit | 38.10 |
| Stop Loss | 34.00 |
| Key Levels | 32.00, 33.70, 35.10, 38.10 |
Current trend
Shares of Hewlett-Packard Co., the American giant in the field of information technology, are adjusting at 34.00.
The company, one of the latest in the US technology sector, has published a financial report for the third quarter. The revenue of the personal systems segment, which includes computers and accessories, increased by 5.0% to 9.4 billion dollars, and the revenue of the printing segment decreased by 3.0% to 4.1 billion dollars after results for previous periods in the range of ˗5.0% to ˗7.0%. In the fourth quarter, Hewlett-Packard Co. expects adjusted earnings per share (EPS) to grow in the range of 0.89–0.99 dollars, which is in line with analysts' forecast of 0.95 dollars.
Against the background of the publication of the report, the experts of the TD Cowen investment bank maintained the rating of the emitter's shares at the "Hold" level with a target price of 32.0 dollars. Analysts noted the growth of the personal computer segment, and also positively assessed the new 10.0 billion dollars share buyback program. Experts from the investment bank Loop Capital also confirmed the rating of Hewlett-Packard Co. shares. at the "Hold" level with a target price of 35.0 dollars, and drew attention to the prospects for the introduction of processors with artificial intelligence (AI) function.
Support and resistance
On the D1 chart, the asset is being adjusted, approaching the June maximum of 32.00.
Technical indicators are in a state of uncertainty, without giving a clear signal: the fast EMAs of the Alligator indicator are just above the signal line, and the AO histogram is very close to the transition level.
Support levels: 33.70, 32.00.
Resistance levels: 35.10, 38.10.
Trading tips
In the event of a reversal and continued decline of the asset, as well as price consolidation below the support level of 33.70, one can open short positions with a target of 32.00 and a stop-loss of 34.50. Implementation period: 7 days and more.
In the event of a reversal and continued local growth of the asset, as well as price consolidation above the resistance level of 35.10, one may open long positions with a target of 38
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