HEWLETT PACKARD ENTERPRISE (HPE) Stock Technical Analysis
NYSE:HPE - New York Stock Exchange, Inc. - US42824C1099 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to HPE. Recently some decent action could be observed, but in the medium term time frame this is still negative. HPE was also a bad performer in the overall market in the last year.
74% of all other stocks performed better in the past year than HPE.
HPE is one of the better performing stocks in the Technology Hardware, Storage & Peripherals industry, it outperforms 70% of 32 stocks in the same industry.
HPE is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
HPE has an average volume of 22221400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
HPE is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so HPE is lagging the market slightly.
Although the technical rating is only medium, HPE does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 17.75. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 17.71, a Stop Loss order could be placed below this zone.
More info and screens
17.00
22.26
When analyzing the support we notice one important area.
- A support zone ranging from 17.17 to 17.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 17.75 to 17.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @20.97 from a horizontal line in the daily time frame.
- Resistance @22.04 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.76
Mansfield-1.25
10 Day High18.18
10 Day Low16.18
20 Day High18.18
20 Day Low15.32
52 Week High24.66
52 Week Low11.97
Performance
1 Week-1.12%
2 Weeks7.46%
1 Month16.96%
3 Month-16.18%
6 Month-19.82%
12 Month-3.75%
2 Year22.88%
3 Year13.59%
5 Year82.49%
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.09
RSI(14)62.29
LBB16.11
UBB18.29
17.72
+0.26 (+1.49%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryTechnology Hardware, Storage & Peripherals
Performance
% Chg1.49%
1 Week-1.12%
2 Weeks7.46%
1 Month16.96%
3 Month-16.18%
6 Month-19.82%
12 Month-3.75%
2 Year22.88%
3 Year13.59%
5 Year82.49%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.48
ATR(20)%2.87%
ATR Inc4.74%
Range Today0.44
ADR(20)0.41
ADR(20)%2.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.76
Mansfield-1.25
10 Day High18.18
10 Day Low16.18
20 Day High18.18
20 Day Low15.32
52 Week High24.66
52 Week Low11.97
CS1 End17.71
CR1 Start17.75
Volume & EV
DER(3)0.93%
DER(5)1.13%
Volume16.29M
Volume Incr-11.96%
Vol(5)15.65M
Vol(50)22.22M