Watch These HP Price Levels as Stock Tumbles After Company Cuts Outlook Due to Tariffs

HP (HPQ) shares on Thursday took a dip and released a mild approach citing increased costs from the PC manufacturer on Thursday after recalling the hopes of profit of analysts.

The PC manufacturer said that its guidance reflects the tasks done to reduce tariff costs and affiliated trade risks, saying that he had quickly responded to expanding its manufacturing footprint and reducing its cost structure. CEO Enric Lares stated that during earnings stated that the additional tariff cost “may not be completely reduced in the quarter,” and HP has applied the price increase to help in the cost of increase in cost. “

HP shares fell over 8% on Thursday, posting the biggest fall in S&P 500. Stock has lost about a quarter of its value in 2025 so far as investors assess the cost of the company’s ongoing efforts to diversify their supply chain, while it navigates the unexpected trade policies of the Trump administration.

Below, we closely look at the chart of HP and use technical analysis so that the level of the price is worth watching.

Rising veg breakdown

Since going down earlier last month, HP’s shares have staged a counterend rally, making a growing wedge pattern in the process.

In an inauspicious sign, the stock company’s quarterly report broke under the lower trendline of the pattern on the up-to-high volume before the quarterly report of the stock company, paved the way for a continuity trick.

It is also worth indicating that the relative power index has recently fallen below the 50 range, which reflects the speed of the weak price.

Let’s identify three important support levels to see and detect a major overhead area worth monitoring during future appews.

Important support level to see

The first lower level to see sits around $ 25, it is true where the stock closed on Thursday. This area can provide support near the growing veg pattern and a brief period of consolidation within the major September 2023 trough.

One step below this level can see HP shares falling into an area of ​​$ 23. The price may attract support here near the bottom of the first minor dip of the stock after its initial April bounces.

Selling below this level opens the door to shares for low support at $ 21. Investors can search for long-term procurement-and entry points in the area near the previous month’s tariff-driven low.

Major overhead area worth monitoring

During the future in stock, investors should monitor $ 29 area. A recovery effort in the region will possibly meet overhead resistance near the peak of the growing veg pattern, which closely aligns closely with a temporary break in the downtrend of the stock during March.

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As this article was written, the author has none of the above securities.