HEWLETT PACKARD ENTERPRISE (HPE) Technical Analysis
NYSE:HPE • US42824C1099
Current stock price
23.94 USD
-1.13 (-4.51%)
At close:
23.94 USD
0 (0%)
After Hours:
HPE Technical Rating and Analysis
We assign a technical rating of 9 out of 10 to HPE. Although HPE has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- Looking at the yearly performance, HPE did better than 85% of all other stocks. We also observe that the gains produced by HPE over the past year are nicely spread over this period.
- HPE is one of the better performing stocks in the Technology Hardware, Storage & Peripherals industry, it outperforms 77% of 37 stocks in the same industry.
- HPE is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so HPE is performing more or less in line with the market.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- HPE has an average volume of 18773000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month HPE has a been trading in the 20.60 - 26.43 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
HPE Weekly and Daily overview Charts
HPE Setup Rating and Analysis
Although HPE has an excellent technical rating, it does not present a decent entry opportunity 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
HPE Support and Resistance Analysis
19.61
25.24
We found 5 important support areas.
- A support zone ranging from 22.00 to 22.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @21.65 from a trend line in the weekly time frame.
- A support zone ranging from 21.05 to 21.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 20.28 to 20.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @19.81 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @24.37 from a horizontal line in the weekly time frame.
- Resistance @24.99 from a horizontal line in the weekly time frame.
HPE 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 | 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 | 85.78 | POSITIVE | HPE has a high relative strength, it outperformed 85.78% 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) | 58.79 | NEUTRAL | The RSI value for HPE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.39 | POSITIVE | The MACD value suggests HPE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.22 | NEUTRAL | The Stochastics value for HPE is a neutral value. |
| Average True Range in percent/ATR (20) | 4.16 | MEDIUM VOLATILITY | The ATR as a percentage value for HPE suggests some volalility. |
| Average Directional Index/ADX (14) | 19.95 | NEGATIVE | The low ADX value for HPE suggests a weak or negative trend. |
HPE Chart- and CandleStick Pattern Analysis
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)
HPE Technicals: Chart, Performance Metrics, Trend & Indicators
23.94
-1.13 (-4.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryTechnology Hardware, Storage & Peripherals
Performance
% Chg-4.51%
1 Week10.37%
2 Weeks10.94%
1 Month11.5%
3 Month-2.25%
6 Month-0.25%
12 Month51.61%
2 Year35.03%
3 Year50.28%
5 Year52.1%
10 Year35.03%
15 YearN/A
Volatility
ATR(14)1.04
ATR(20)%4.16%
ATR Inc11.65%
Range Today1.06
ADR(20)0.95
ADR(20)%3.97%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.78
3 months CRS57.27
6 months CRS62.53
Mansfield1.52
10 Day High26.43
10 Day Low21.16
20 Day High26.43
20 Day Low20.6
52 Week High26.44
52 Week Low11.97
CS1 End22.4
CR1 Start24.37
Volume & EV
DER(3)1.83%
DER(5)2.29%
Volume23.97M
Volume Incr57.23%
Vol(5)29.06M
Vol(50)18.77M
HEWLETT PACKARD ENTERPRISE / HPE TA FAQ
What is the technical rating for HPE stock?
ChartMill assigns a technical rating of 9 / 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 58.7853. 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 positive.