--- title: "Technicals | HP Inc. (HPQ.US): MACD Golden Cross Confirms the Post-Earnings Rally, Overbought Risks Loom" type: "News" locale: "en" url: "https://longbridge.com/en/news/298043605.md" description: "HP Inc.'s (HPQ.US) daily MACD printed a golden cross above the zero line yesterday, adding technical confirmation to an uptrend that reached a 52-week high intraday on September 2. Turnover ran to about USD 442 million. Fiscal third-quarter results released after the close on August 26 beat expectations, with revenue of USD 15.68 billion and adjusted earnings per share (EPS) of USD 0.83, and management raised its fiscal 2026 adjusted EPS guidance to USD 3.19 to USD 3.29. Personal computer (PC) shipments fell 16% from a year earlier and component costs climbed, knocking the stock down more than 10% after the print before target-price hikes from TD Cowen, UBS and others helped sentiment recover. The 5-day moving average above USD 31 is the first support, and the September 2 high zone near USD 32.5 is the resistance to clear on volume. KDJ, CCI and BIAS all read overbought, so holding the 5-day MA on sustained turnover is the near-term test; losing it would undercut the signal." datetime: "2026-09-04T13:13:09.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/298043605.md) - [en](https://longbridge.com/en/news/298043605.md) - [zh-HK](https://longbridge.com/zh-HK/news/298043605.md) generator: "portal-rs" --- # Technicals | HP Inc. (HPQ.US): MACD Golden Cross Confirms the Post-Earnings Rally, Overbought Risks Loom HP Inc.'s (HPQ.US) daily MACD formed a golden cross above the zero line yesterday as the DIF line crossed back above the DEA line, adding technical confirmation to an uptrend already in place. The stock edged lower on turnover of about USD 442 million, still within the elevated range seen since its results came out. The 5-, 10-, 20- and 30-day moving averages remain stacked in bullish order, so the short-term structure is still firming. HP has climbed steadily out of the violent swing its quarterly report triggered, printing a 52-week high intraday on September 2; yesterday's mild dip did not break that rhythm, and buying interest has not visibly faded. The earnings report is the catalyst behind this move. HP's fiscal third-quarter results, released after the close on August 26, showed revenue of USD 15.68 billion, up 12.5% year over year, and adjusted earnings per share (EPS) of USD 0.83. Both beat expectations, and management raised its fiscal 2026 adjusted EPS guidance to USD 3.19 to USD 3.29. The details were not all clean: personal computer (PC) shipments fell 16% from a year earlier, printer demand stayed soft, and component costs kept climbing. Doubts about the quality of second-half demand and margins knocked the stock down more than 10% at one point after the print. Buyers have since repaired most of that damage. TD Cowen, UBS and other houses raised their price targets while keeping cautious ratings, and buying interest gradually rebuilt. HP also declared a quarterly dividend of USD 0.30 a share, ex-dividend on September 9. Up the supply chain, chip price increases have pushed HP and other PC brands to lift prices for the back-to-school season, a move reported on August 29. Whether price hikes can offset volume declines is the market's new question. The moving averages sit in a clean bullish stack, and the 5-day line has climbed above USD 31 to mark the first near-term support. Above that sits the 52-week high zone set on September 2, around USD 32.5; breaking it on volume would decide whether the upside opens further. The golden cross has arrived at a stretched point on the chart: the KDJ stochastic's J-line is in overbought territory, price hugs or nudges above the upper Bollinger band, and CCI and BIAS flash the same warning. A pullback to digest profit-taking would be normal. Yesterday's USD 442 million in turnover eased from the prior session but stayed above the pre-earnings norm, so volume still backs the move. Watch today whether HP holds the 5-day MA and whether hardware-sector flows and fresh PC industry data line up behind it. Put together, the repair in post-earnings sentiment and the golden cross point in the same direction, and the near-term setup favors the bulls. Two risks temper that view. One is the overbought condition: if volume stops expanding or price loses the 5-day MA, the golden cross loses much of its reference value. The other is the analyst backdrop. As of September 2, Wall Street's average target sits at about USD 25, and the average rating still leans toward underweight, a long way below where the stock trades after its run. Falling PC shipments and the risk that price hikes chill demand feed the disagreement over how much upside remains. Watch volume and the key moving averages; until they resolve, expect the trend to keep hunting for direction within the swings. *This content is for informational purposes only and does not constitute investment advice, a recommendation, or an offer or solicitation to buy or sell any security or capital markets product. It has been prepared without regard to your individual investment objectives, financial situation, or particular needs. Investing involves risk, including the possible loss of principal; past performance is not indicative of future results. Longbridge and its affiliates accept no liability for any loss arising from reliance on this material.* ### Related Stocks - [HPQ.US](https://longbridge.com/en/quote/HPQ.US.md) ## Related News & Research - [Is HP (HPQ) Expensive On Its RTX Spark AI PC Launch?](https://longbridge.com/en/news/298321062.md) - [Nykredit A S Makes New Investment in HP Inc. $HPQ](https://longbridge.com/en/news/298350036.md) - [HP (HPQ) Could Be 30% Above Fair Value On Raised 2026 Guidance](https://longbridge.com/en/news/297462655.md) - [What's Going On With HP Stock on Friday?](https://longbridge.com/en/news/297353480.md) - [HP Analysts Boost Their Forecasts After Better-Than-Expected Q3 Results](https://longbridge.com/en/news/297217762.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**