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Hewlett-Packard Co. Market Update
1/23/2023 2:24 PMThe stocks of Hewlett-Packard Co., an American giant in the field of information technology, are moving in a correction trend at 27.90.
According to the analytical companies of International Data Corp. and Canalys, the world supply of personal computers in 2023 will increase, and the new cycle of modernization of corporate systems can accelerate positive dynamics: the indicator in 2022 fell by 16.5% to 292.3M units, and a decrease in the value in the fourth quarter amounted to 28.1 %, which should lead to its natural correction in the next period.
On February 23, the Corporation’s financial report will be published: income is expected at 14.19B dollars, less than 14.80B dollars in the previous quarter, and profit per share around 0.7458 dollars, below 0.8500 dollars earlier. On January 4, investors received the first indexed dividends, 0.2625 dollars per share, which amounted to 3.62% per annum. The new payment is scheduled for April 5, with an estimated yield of 3.89% per annum.
On the daily chart, the trading instrument moves around the resistance line of the global downward channel, preparing to break it.
Technical indicators retain a poor purchase signal: the fast EMA of the Alligator indicator is higher than the signaling line, and the AO histogram forms correctional bars in the sales zone.
Resistance levels: 29.10, 31.10. | Support levels: 26.70, 24.10.