HPE Technical Analysis - HEWLETT PACKARD ENTERPRISE

Technical Rating and Analysis

Overall HPE gets a technical rating of 10 out of 10. Both in the recent history as in the last year, HPE has proven to be a steady performer, scoring decent points in every aspect analyzed.

Both the short term and long term trends are positive. This is a very positive sign.

Looking at the yearly performance, HPE did better than 89% of all other stocks.

HPE is part of the Technology Hardware, Storage & Peripherals industry. There are 33 other stocks in this industry. HPE outperforms 71% of them.

A new 52 week high is currently being made by HPE, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.

In the last month HPE has a been trading in the 20.44 - 25.10 range, which is quite wide. It is currently trading near the high of this range.

HPE has an average volume of 18648700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

HEWLETT PACKARD ENTERPRISE / HPE Weekly stock chart

HEWLETT PACKARD ENTERPRISE / HPE Daily stock chart

Setup Rating and Analysis

Although HPE has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

20.83

24.98

When analyzing the support we can see 3 important areas.

A support zone ranging from 22.49 to 22.83. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A support zone ranging from 21.43 to 21.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 21.04 to 21.09. This zone is formed by a combination of multiple trend lines in the daily time frame.

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Support and Resistance indicators

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for HPE is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for HPE is up.
ChartMill Relative Strength	89.14	POSITIVE	HPE has a high relative strength, it outperformed 89.14% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of HPE is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of HPE is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of HPE is above the rising SMA(200).
Relative Strength Index/RSI (14)	75.67	OVERBOUGHT	The high RSI value suggests HPE may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.16	POSITIVE	The MACD value suggests HPE has a positive trend, although the MACD value is declining.
Stochastics (14,3)	92.61	OVERBOUGHT	The high Stochastics value suggests HPE may be overbought.
Average True Range in percent/ATR (20)	2.73	MEDIUM VOLATILITY	The ATR as a percentage value for HPE suggests some volalility.
Average Directional Index/ADX (14)	30.8	POSITIVE	The high ADX value value for HPE suggests a strong trend.