HEWLETT PACKARD ENTERPRISE (HPE) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:HPE - US42824C1099 - Common Stock
Overall HPE gets a technical rating of 0 out of 10. HPE's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, HPE is a bad performer in the overall market: 80% of all stocks are doing better.
- HPE has an average volume of 24858200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- HPE is an average performer in the Technology Hardware, Storage & Peripherals industry, it outperforms 64% of 35 stocks in the same industry.
- 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 20.07 - 24.80 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
HPE has a poor technical rating and the quality of the setup is also not perfect 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.
More info and screens
19.61
When analyzing the support we notice one important area.
- A support zone ranging from 19.81 to 20.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @22.29 from a horizontal line in the daily time frame.
- A resistance zone ranging from 22.76 to 22.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 24.37 to 24.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | DOWN | NEGATIVE | The long term trend for HPE is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for HPE is down. |
| ChartMill Relative Strength | 20.71 | NEGATIVE | HPE has a low relative strength, it was outperformed by 79.29% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of HPE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of HPE is below a declining 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) | 37.37 | NEUTRAL | The RSI value for HPE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.24 | NEGATIVE | The MACD value suggests HPE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 19.55 | OVERSOLD | The low Stochastics value suggests HPE may be oversold. |
| Average True Range in percent/ATR (20) | 2.92 | MEDIUM VOLATILITY | The ATR as a percentage value for HPE suggests some volalility. |
| Average Directional Index/ADX (14) | 26.46 | POSITIVE | The high ADX value value for HPE suggests a strong trend. |
21.36
+0.34 (+1.62%)
HEWLETT PACKARD ENTERPRISE / HPE FAQ
What is the technical rating for HPE stock?
ChartMill assigns a technical rating of 0 / 10 to HPE.
What is the current trend direction of HEWLETT PACKARD ENTERPRISE (HPE) stock?
The current trend direction for HEWLETT PACKARD ENTERPRISE (HPE) is Bearish.
What is the RSI signal for HPE stock?
HEWLETT PACKARD ENTERPRISE (HPE) has an RSI value of 37.3727. This indicates that the stock is currently neutral.
Can you provide the short term momentum for HEWLETT PACKARD ENTERPRISE?
The short term momentum for HEWLETT PACKARD ENTERPRISE (HPE) is negative.
What is the buy/sell signal for HEWLETT PACKARD ENTERPRISE (HPE) stock?
The buy/sell signal for HEWLETT PACKARD ENTERPRISE (HPE) is sell as both the short term and long term trends are negative.