HP Inc. (HPQ) declined in its latest intraday trading, under continued negative pressure as it trades below its 50-day SMA, reinforcing the stability and dominance of the main downward trend on the medium term, especially with its movement along a downward-sloping trend line. In addition, negative signals continue to emerge from momentum indicators, despite their arrival at extremely oversold levels.

 

Therefore we expect the stock price to decline in its upcoming trading, as long as it remains below the key resistance level at $25.95, targeting the pivotal support level at $22.25.

 

Today’s price forecast: Bearish