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} />
    </>
  );
}

Comece pela seção vinculada da documentação beta do React sobre armazenar informações de renderizações anteriores e revise o exemplo de custom-hook nesta issue. Determine se o padrão é recomendado para custom hooks e onde essa orientação deve ser incluída na documentação. Considera-se concluído quando a documentação apresenta uma resposta clara respaldada pelo exemplo.