HPQ HP Inc.
HP Inc. (HPQ) trend channel, buy level and 3-month target on Trade The Path. Sector: Technology. Listed on NYSE. Levels below are fitted to this ticker's own swing highs and lows (Theil–Sen, log-price), then projected 3 months. If this ticker has no settled sample yet, treat the numbers as a geometric read, not a track record. Information only, not financial advice.
In the sell zone, rising on both timeframes
Price has run up to the upper trend line — the level it has repeatedly stalled at.
The next few months are read from the last 12 months, not the last 9 months: that channel fits this stock's recent turns at least as well (53% against 53%) and it is the one price is respecting now. The last 9 months stay as context: rising, more than +100% a year. The nearest ceiling overhead is US$33.23, from the last 12 months. What would overturn this: a close below US$24.91 — the floor of the channel being read — after which the trend, not the entry, is what was wrong.
- 9 months
- US$28.74 – US$33.66 Rising channel, more than +100% a year
- 12 months read from
- US$24.91 – US$33.23 Rising channel, +9% a year
- Position in that channel
- 94% 0% at the floor, 100% at the ceiling
What broke this trend
- The fall
- -51% from US$36.2825 Nov 2024 → 24 Feb 2026
- Whose problem it was
- This companyno peer group to compare against
- Does it resolve?
- Temporary falls like it have resolved on the record
- Regained so far
- 96%of what it lost
- What the record says
- 63% of 641 comparable falls came back, typically in 118 days measured across every stock we hold history for, its peer group being too small
The trend broke in November 2024: price fell 51% from 36.28 to 17.66 by February 2026, and has regained 96% of that fall since. Its peers did not fall with it, so this was about the company rather than its sector. The wire that week: “JP Morgan Maintains Overweight on HP, Lowers Price Target to $41”. Falls like it have resolved: falls of about 51% here have come back to the old high 63% of the time (641 comparable falls), typically in 118 days. On that record the fall is treated as temporary, and the trend lines are fitted to the regime it created rather than through it.
Reported at the time: JP Morgan Maintains Overweight on HP, Lowers Price Target to $41 — 20 Nov 2024
Price history, with the path projected 3 months forward
- Daily close
- Upper trend line (9 months)
- Lower trend line (9 months)
- The same lines over the last 12 months
- Dashed after today: projected 3 months
- Our buy
- Our target
Our target
No published call today because price has closed 5.8% clear above the channel, so the fitted lines no longer describe where it is. No alerts are sent. The buy and target below are still this site's read of the fitted channel.
Buy at or below
US$28.94
level as at 17 Sept 2026
Our target
US$38.12
by 16 Dec 2026
Projected move
31.7%
gross, before costs
Price sits between our buy level and our target.
- Upper line touches
- 2
- Lower line touches
- 2
- Fit confidence
- 53%
- Fitted
- 13 Sept 2026
Company information
Fundamentals are not available for this instrument from the current data provider.
Trend lines are fitted statistically to past swing highs and lows and projected forward on the assumption the same rhythm continues. It often does not. This is information, not advice.