HEWLETT PACKARD ENTERPRISE (HPE) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:HPE - US42824C1099 - Common Stock
Taking everything into account, HPE scores 6 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, HPE is only an average performer.
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 24.42, a Stop Loss order could be placed below this zone.
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19.61
When analyzing the support we can see 6 important areas.
- A support zone ranging from 23.92 to 24.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 23.09 to 23.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @21.46 from a trend line in the weekly time frame.
- Support @20.98 from a trend line in the daily time frame.
- Support @20.28 from a horizontal line in the daily time frame.
- Support @19.81 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- 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 | UP | POSITIVE | The short term trend for HPE is up. |
| ChartMill Relative Strength | 59.11 | NEUTRAL | HPE is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of HPE is above 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) | 59.47 | NEUTRAL | The RSI value for HPE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests HPE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.19 | NEUTRAL | The Stochastics value for HPE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.49 | MEDIUM VOLATILITY | The ATR as a percentage value for HPE suggests some volalility. |
| Average Directional Index/ADX (14) | 12.39 | NEGATIVE | The low ADX value for HPE suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 25.00 | 23.91 | 1.09 (4.36%) | 22.94% |
| An entry @25.00. This is a Buy Stop order right above the resistance zone. | An exit @23.91. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.09 points, which is 4.36%. | When investing 22.94% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
24.43
+0.51 (+2.13%)
HEWLETT PACKARD ENTERPRISE / HPE FAQ
What is the technical rating for HPE stock?
ChartMill assigns a technical rating of 6 / 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 59.4657. 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 positive.
What are the support and resistance levels for HEWLETT PACKARD ENTERPRISE (HPE) stock?
HEWLETT PACKARD ENTERPRISE (HPE) has a support level at 24.42 and a resistance level at 24.99. Check the full technical report for our detailed analysis of HPE support and resistance levels.