HEWLETT PACKARD ENTERPRISE (HPE) Stock Technical Analysis
NYSE:HPE - US42824C1099 - Common Stock
22.45 USD
+0.63 (+2.89%)
22.5 USD
+0.05 (+0.22%)
Taking everything into account, HPE scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, HPE is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
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 is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so HPE is lagging the market slightly.
In the last month HPE has a been trading in the 19.64 - 22.69 range, which is quite wide. It is currently trading near the high of this range.
HPE has an average volume of 17700300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, HPE did better than 82% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although HPE has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
19.61
22.67
When analyzing the support we can see 2 important areas.
- A support zone ranging from 20.93 to 21.42. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 19.81 to 20.24. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 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 | 82.39 | POSITIVE | HPE has a high relative strength, it outperformed 82.39% 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) | 66.62 | NEUTRAL | The RSI value for HPE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests HPE has a positive trend. |
| Stochastics (14,3) | 84.77 | OVERBOUGHT | The high Stochastics value suggests HPE may be overbought. |
| Average True Range in percent/ATR (20) | 2.55 | MEDIUM VOLATILITY | The ATR as a percentage value for HPE suggests some volalility. |
| Average Directional Index/ADX (14) | 23.7 | NEUTRAL | The ADX value for HPE suggests a possible start of a new 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)
22.45
+0.63 (+2.89%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryTechnology Hardware, Storage & Peripherals
Performance
% Chg2.89%
1 Week6.1%
2 Weeks7.88%
1 Month8.3%
3 Month28.87%
6 Month6.2%
12 Month16.87%
2 Year32.14%
3 Year65.07%
5 Year132.16%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.62
ATR(20)%2.55%
ATR Inc48.45%
Range Today0.85
ADR(20)0.51
ADR(20)%2.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.39
Mansfield0.52
10 Day High22.69
10 Day Low20.44
20 Day High22.69
20 Day Low19.64
52 Week High24.66
52 Week Low11.97
CS1 End21.42
CR1 StartN/A
Volume & EV
DER(3)1.06%
DER(5)0.98%
Volume18.25M
Volume Incr7.9%
Vol(5)15.92M
Vol(50)17.70M