HEWLETT PACKARD ENTERPRISE (HPE) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:HPE - US42824C1099 - Common Stock
Taking everything into account, HPE scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, HPE is only an average performer.
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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19.61
When analyzing the support we can see 5 important areas.
- A support zone ranging from 22.96 to 23.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @21.22 from a trend line in the weekly time frame.
- Support @20.64 from a trend line in the daily time frame.
- Support @20.28 from a horizontal line in the daily time frame.
- Support @19.81 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 | 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 | 70.4 | POSITIVE | HPE has a high relative strength, it outperformed 70.4% 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) | 70.39 | OVERBOUGHT | The high RSI value suggests HPE may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.49 | POSITIVE | The MACD value suggests HPE has a positive trend. |
| Stochastics (14,3) | 95.02 | OVERBOUGHT | The high Stochastics value suggests HPE may be overbought. |
| Average True Range in percent/ATR (20) | 3.8 | MEDIUM VOLATILITY | The ATR as a percentage value for HPE suggests some volalility. |
| Average Directional Index/ADX (14) | 18.42 | NEGATIVE | The low ADX value for HPE suggests a weak or negative trend. |
24.54
-0.72 (-2.85%)
HEWLETT PACKARD ENTERPRISE / HPE FAQ
What is the technical rating for HPE stock?
ChartMill assigns a technical rating of 7 / 10 to HPE.
What is the trend direction for HPE stock?
The current trend direction for HEWLETT PACKARD ENTERPRISE (HPE) is Bullish.
What is the RSI signal for HPE stock?
HEWLETT PACKARD ENTERPRISE (HPE) has an RSI value of 70.3882. This indicates that the stock is currently overbought.
What is the short term momentum for HEWLETT PACKARD ENTERPRISE (HPE) stock?
The short term momentum for HEWLETT PACKARD ENTERPRISE (HPE) is positive.
What are the support and resistance levels for HEWLETT PACKARD ENTERPRISE (HPE) stock?
HEWLETT PACKARD ENTERPRISE (HPE) has a support level at 23.36. Check the full technical report for our detailed analysis of HPE support and resistance levels.