HEWLETT PACKARD ENTERPRISE (HPE) Stock Technical Analysis
USA - NYSE:HPE - US42824C1099 - Common Stock
We assign a technical rating of 5 out of 10 to HPE. In the last year, HPE was one of the better performers, but we do observe some doubts in the very recent evolution.
HPE has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 22.96, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for HPE in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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20.88
3 important support areas can be observed.
- A support zone ranging from 22.93 to 22.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @22.50 from a horizontal line in the daily time frame.
- Support @21.09 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 24.26 to 24.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @24.99 from a horizontal line in the weekly 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 | DOWN | NEGATIVE | The short term trend for HPE is down. |
| ChartMill Relative Strength | 78.32 | POSITIVE | HPE has a high relative strength, it outperformed 78.32% 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) | UP | MIXED | The current price of HPE is below 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) | 46.39 | NEUTRAL | The RSI value for HPE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests HPE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 26.56 | NEUTRAL | The Stochastics value for HPE is a neutral value. |
| Average True Range in percent/ATR (20) | 4.36 | MEDIUM VOLATILITY | The ATR as a percentage value for HPE suggests some volalility. |
| Average Directional Index/ADX (14) | 22.69 | NEUTRAL | The ADX value for HPE suggests a possible start of a new trend. |
23.5
+0.31 (+1.34%)
HEWLETT PACKARD ENTERPRISE / HPE FAQ
What is the technical rating for HPE stock?
ChartMill assigns a technical rating of 5 / 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 46.3949. This indicates that the stock is currently neutral.
What is the short term momentum for HEWLETT PACKARD ENTERPRISE (HPE) stock?
The short term momentum for HEWLETT PACKARD ENTERPRISE (HPE) is negative.
What are the support and resistance levels for HEWLETT PACKARD ENTERPRISE (HPE) stock?
HEWLETT PACKARD ENTERPRISE (HPE) has a support level at 22.96 and a resistance level at 24.26. Check the full technical report for our detailed analysis of HPE support and resistance levels.