HEWLETT PACKARD ENTERPRISE (HPE) Stock Technical Analysis
NYSE:HPE - New York Stock Exchange, Inc. - US42824C1099 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to HPE. HPE was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
In the last month HPE has a been trading in the 20.34 - 24.54 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that HPE is one of the better performing stocks in the market, outperforming 84% of all stocks. On top of that, HPE also shows a nice and consistent pattern of rising prices.
HPE has an average volume of 14457500 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 58% of 32 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.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, HPE does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 21.13, a Stop Loss order could be placed below this zone.
More info and screens
16.23
22.18
4 important support areas can be observed.
- A support zone ranging from 21.03 to 21.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 20.46 to 20.59. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @18.85 from a trend line in the weekly time frame.
- Support @16.39 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 21.17 to 21.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.55
Mansfield-0.03
10 Day High21.98
10 Day Low20.86
20 Day High24.54
20 Day Low20.34
52 Week High24.66
52 Week Low14.47
Performance
1 Week-0.66%
2 Weeks-1.03%
1 Month-13.22%
3 Month-4.34%
6 Month10.05%
12 Month39.91%
2 Year35.43%
3 Year32.79%
5 Year65.29%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.02
RSI(14)42.98
LBB20.58
UBB22.06
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 21.46 | 21.02 | 0.44 (2.04%) | 25.00% |
| An entry @21.46. This is a Buy Stop order right above the 10 day moving average. | An exit @21.02. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.44 points, which is 2.04%. | For a 0.51% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of HPE. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
21.14
-0.6 (-2.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryTechnology Hardware, Storage & Peripherals
Performance
% Chg-2.76%
1 Week-0.66%
2 Weeks-1.03%
1 Month-13.22%
3 Month-4.34%
6 Month10.05%
12 Month39.91%
2 Year35.43%
3 Year32.79%
5 Year65.29%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.52
ATR(20)%3.51%
ATR Inc13.1%
Range Today0.92
ADR(20)0.68
ADR(20)%3.19%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.55
Mansfield-0.03
10 Day High21.98
10 Day Low20.86
20 Day High24.54
20 Day Low20.34
52 Week High24.66
52 Week Low14.47
CS1 End21.13
CR1 Start21.17
Volume & EV
DER(3)-0.75%
DER(5)1.22%
Volume7.81M
Volume Incr-35.99%
Vol(5)9.28M
Vol(50)14.46M