HP Inc.s stock price (HPQ) declined in latest intraday trading, amid the dominance of the main downward trend in the short term and trading alongside a descending trend line. This move is accompanied by negative signals streaming from the Stochastic after reaching extremely overbought levels, and the stock has now broken below the support of the 50-day SMA adding further negative pressure.

Therefore we expect the stock to decline in upcoming trading, as long as it remains below the price of $26.26, targeting the first support level at $23.45.

Todays price forecast: Bearish