HEWLETT PACKARD ENTERPRISE (HPE) Stock Technical Analysis
NYSE:HPE - New York Stock Exchange, Inc. - US42824C1099 - Common Stock - Currency: USD
Overall HPE gets a technical rating of 6 out of 10. In the past year, HPE was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
HPE is one of the better performing stocks in the Technology Hardware, Storage & Peripherals industry, it outperforms 77% of 32 stocks in the same industry.
HPE has an average volume of 20069200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, HPE outperforms 42% of them, which is more or less in line with the market.
HPE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so HPE is lagging the market.
In the last month HPE has a been trading in the 17.02 - 19.20 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, HPE does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 17.42, a Stop Loss order could be placed below this zone.
More info and screens
17.11
22.26
When analyzing the support we notice one important area.
- A support zone ranging from 17.28 to 17.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 18.23 to 18.34. 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.
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 | NEUTRAL | NEUTRAL | The long term trend for HPE is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HPE is up. |
| ChartMill Relative Strength | 42.43 | NEUTRAL | HPE is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of HPE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 62.52 | NEUTRAL | The RSI value for HPE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests HPE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 58.16 | NEUTRAL | The Stochastics value for HPE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.76 | MEDIUM VOLATILITY | The ATR as a percentage value for HPE suggests some volalility. |
| Average Directional Index/ADX (14) | 27.5 | POSITIVE | The high ADX value value for HPE suggests a strong trend. |
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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 18.35 | 17.27 | 1.08 (5.89%) | 16.99% |
| An entry @18.35. This is a Buy Stop order right above the resistance zone. | An exit @17.27. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.08 points, which is 5.89%. | For a 1.00% total portfolio risk, you can invest 16.99% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
18.22
-0.12 (-0.65%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryTechnology Hardware, Storage & Peripherals
Performance
% Chg-0.65%
1 Week2.13%
2 Weeks3%
1 Month1.67%
3 Month16.65%
6 Month-16.54%
12 Month-15.65%
2 Year8.45%
3 Year37.41%
5 Year87.26%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.53
ATR(20)%2.76%
ATR Inc-43.88%
Range Today0.3
ADR(20)0.45
ADR(20)%2.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS42.43
Mansfield-1.02
10 Day High19.2
10 Day Low17.02
20 Day High19.2
20 Day Low17.02
52 Week High24.66
52 Week Low11.97
CS1 End17.42
CR1 Start18.23
Volume & EV
DER(3)2.12%
DER(5)1.62%
Volume12.49M
Volume Incr-13.04%
Vol(5)15.36M
Vol(50)20.07M