Hp (HPQ) Chart Patterns, Support & Resistance & Technical Analysis

Auto-detected technical analysis for HPQ · data as of Aug 4, 2026. The chart above is live; the read below updates daily.

$28.82last close · Aug 4, 202652-week range $17.56 – $29.65 · 2.8% below the high

HPQ Rising Wedge Pattern

HPQ is currently forming a rising wedge on the daily timeframe. Detected Aug 4, 2026.

A rising wedge is a breakdown that suggests the recent run may be rolling over. A breakout projects a measured-move target near $18.84 (−13.4%). Across 9,519 backtested rising wedges, the setup followed through 50.0% of the time, averaging +0.19R; HPQ's own rising wedges have hit 38.9%.

DirectionBearishTarget$18.84Projected move−13.4%Breakout level$21.29

New to this pattern? What a rising wedge is and how to trade it →

HPQ's Most Recent Rising Wedge Trade

HPQ's most recent completed rising wedge resolved as a loss: it broke down on May 13, 2026 near $21.17, then was stopped out at $25.24 on May 22, 2026 — a -2.54R move (19.2%) over 7 sessions. Across 177 backtested rising wedges, this setup wins 51.4% of the time.

OutcomeLossResult-2.54REntry$21.17Exit$25.24

Learn about rising wedge

How Rising Wedges Have Performed

Win rate
50.0%
Avg return
+0.19R
Backtested trades
9,519
HPQ win rate
38.9%

Historical pattern statistics (2006-08-04 – 2026-08-04), not a prediction.

How these backtests work →

HPQ Pattern Trade History

Every completed pattern trade our nightly backtest found on HPQ's daily chart, newest first — wins and losses alike.

PatternEntryExitOutcomeResult
Rising WedgeMay 13, 2026 @ $21.17May 22, 2026 @ $25.24Loss-2.54R
TriangleApr 16, 2026 @ $19.55Apr 24, 2026 @ $19.79Win+0.17R
Rising WedgeAug 28, 2025 @ $27.01Aug 29, 2025 @ $28.54Loss-4.82R
TriangleAug 11, 2025 @ $26.17Sep 10, 2025 @ $28.37Win+1.06R
Bullish PennantJul 23, 2025 @ $25.88Nov 17, 2025 @ $22.87Loss-1.70R
Rising WedgeNov 22, 2024 @ $38.02Nov 27, 2024 @ $34.66Loss-1.99R
Rising WedgeOct 31, 2024 @ $36.36Nov 11, 2024 @ $37.67Loss-1.03R
Falling WedgeMar 1, 2024 @ $29.04Mar 18, 2024 @ $29.94Win+0.65R
Falling WedgeFeb 22, 2024 @ $28.96Mar 18, 2024 @ $29.94Win+0.89R
TriangleJul 7, 2023 @ $30.99Jul 20, 2023 @ $32.56Win+0.94R
TriangleJan 26, 2023 @ $28.98Jul 20, 2023 @ $32.56Win+1.61R
Falling WedgeDec 15, 2022 @ $27.44Feb 1, 2023 @ $29.87Loss-1.06R

HPQ Support and Resistance Levels

Price found a floor near $23.01 about 3 weeks ago and has been climbing since. On the weekly chart, the next ceiling overhead sits near $36.35 — still about 26% away.

  • Traders commonly watch $36.35 as a target (its 78.6% extension) — think of it as a sensible next stop, not a guarantee.
  • That ceiling is the first place the climb might pause — worth watching how price behaves as it gets there.
  • There's nothing to act on here — the spot to watch was the $23.01 floor about 3 weeks ago, when price bounced there, but price has already pulled higher. What's left is the climb playing out, not a fresh starting point.

Nearest auto-detected support sits near $28.45, resistance near $29.65. These are chart/swing-derived levels, not formula pivots.

Resistance
$29.65
Support
$28.45$27.54$22.90$22.56$22.55$22.51$22.15$17.86

HPQ Recent Daily Prices

DateOpenHighLowClose
Aug 4, 2026$26.57$28.95$26.45$28.82
Aug 3, 2026$27.91$27.98$26.94$27.12
Jul 31, 2026$26.50$27.33$26.05$27.27
Jul 30, 2026$27.37$27.47$26.24$26.86
Jul 29, 2026$28.09$29.12$27.58$28.41
Jul 28, 2026$26.92$28.37$26.80$28.29
Jul 27, 2026$25.98$26.59$25.87$26.55
Jul 24, 2026$24.77$26.00$24.76$25.75
Jul 23, 2026$25.14$25.53$24.25$24.51
Jul 22, 2026$24.98$25.54$24.98$25.10

HPQ Frequently Asked Questions

What chart pattern is HPQ forming right now?
As of Aug 4, 2026, TradingPal's detector identifies a rising wedge on Hp (HPQ) on the daily chart, with a measured-move target of $18.84.
Is a rising wedge bullish or bearish?
The rising wedge detected on HPQ is a bearish pattern, projecting a measured-move target of $18.84. See its full backtested track record above — that's the real edge, not the textbook label.
How reliable is a rising wedge pattern, and what is its win rate?
Across TradingPal's backtest of the rising wedge family (9,519 trades over 631 symbols), it resolved in the expected direction 50.0% of the time with an average of +0.19R. These are historical statistics, not a prediction.
What are the support and resistance levels for HPQ?
Based on auto-detected, swing-derived levels (as of Aug 4, 2026), HPQ's nearest support is around $28.45 and nearest resistance around $29.65.
What is the price target if HPQ's pattern breaks out?
The detected rising wedge has a geometry-based measured-move target of $18.84 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was HPQ's closing price on Aug 4, 2026?
Hp (HPQ) last closed at $28.82 on Aug 4, 2026. For the live quote, see the chart above or a real-time quote provider.

Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.