Can the strategy to store information from previous render be used in a custom hook?

I was reading the strategy in the new beta docs, and was thinking whether it could be used in a custom hook? I tried doing it and it worked, but wanted to know whether it's advised or not.

To explain in code, my question is whether this is OK (same example from React docs but trend logic moved to another hook):

import { useState } from 'react';

const useCountTrend = (count) => {
  const [prevCount, setPrevCount] = useState(count);
  const [trend, setTrend] = useState(null);

  if (prevCount !== count) {
    setPrevCount(count);
    setTrend(count > prevCount ? 'increasing' : 'decreasing');
  }

  return trend;
}

function CountLabel({ count }) {
  const trend = useCountTrend(count);

  return (
    <>
      <h1>{count}</h1>
      {trend && <p>The count is {trend}</p>}
    </>
  );
}

function App() {
  const [count, setCount] = useState(0);
  return (
    <>
      <button onClick={() => setCount(count + 1)}>
        Increment
      </button>
      <button onClick={() => setCount(count - 1)}>
        Decrement
      </button>
      <CountLabel count={count} />
    </>
  );
}

Start with the linked React beta documentation section on storing information from previous renders and review the custom-hook example in this issue. Determine whether the pattern is advised for custom hooks and where that guidance belongs in the documentation. Done means the documentation gives a clear answer supported by the example.