On Tuesday, at its annual HP Imagine 2026 conference, the company unveiled a new generation of professional devices with expanded artificial intelligence capabilities. Flagship EliteBook models received integrated tools for automating text and voice workflows, while the use of Snapdragon X2 processors enabled record neural processing performance of 85 TOPS, taking local AI computing to a new level. The corporation also expanded its LaserJet Pro and Enterprise printer lineup, introducing quantum-resistant data security into the small and medium-sized business segment for the first time, designed to counter next-generation attacks. Management’s focus on cyber resilience creates additional value and strengthens loyalty among corporate clients amid rising digital risks.
The first-quarter financial report was published in late February: revenue declined from $14.60 billion to $14.40 billion compared with $13.5 billion in the same period a year earlier, while earnings per share fell from $0.93 to $0.81 versus $0.74, respectively. The dividend payment for this period is scheduled for April 1, when shareholders will receive $0.30 per share, equivalent to a quarterly yield of 6.39%, far above the sector median of 0.53%.
Support and resistance levels
On the daily chart, the instrument is moving above the support line of a broad descending channel with boundaries of 20.50–16.00, approaching the local high of 20.00.
Technical indicators are close to generating a buy signal: the fast EMAs of the Alligator indicator remain slightly below the signal line, while the AO histogram is positioned near the crossover level and continues to rise.
Resistance levels: 20.50, 22.40.
Support levels: 18.70, 16.30.
Trading scenarios and HP stock forecast
Long positions may be opened after the price rises and consolidates above 20.50, with a target at 22.40. Stop-loss — below 19.50. Timeframe: 7 days or more.
Short positions may be opened after the price declines and consolidates below 18.70, with a target at 16.30. Stop-loss — 19.50.
Scenario
| Timeframe | Weekly |
| Recommendation | BUY STOP |
| Entry point | 20.55 |
| Take Profit | 22.40 |
| Stop Loss | 19.50 |
| Key levels | 16.30, 18.70, 20.50, 22.40 |
Alternative scenario
| Recommendation | SELL STOP |
| Entry point | 18.65 |
| Take Profit | 16.30 |
| Stop Loss | 19.50 |
| Key levels | 16.30, 18.70, 20.50, 22.40 |
