The Greedy Trader Weekly Analysis
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- 8/21/2026 -
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Hewlett Packard Enterprise (HPE) Technical Analysis

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Summary:
Weekly :Broken trend resistance lineBroken trend resistance line
Daily :Stochastic signal line moved below overbought areaDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SAR
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It was the negative week for the Hewlett Packard Enterprise (HPE). During the week, the HPE dropped -5.26 points, or -8.96%, and closed at 53.45 on Friday, August 21, 2026. Weekly volume was -44% below average.

Long-term trend: [See HPE long-term trend chart]
A long-term uptrend had started on March 18, 2020 at 7.43 and reached 64.25 on June 2, 2026. HPE gained -56.82 points, or -764.74%, in 323 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The uptrend resistance line (11.51) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See HPE medium-term trend chart]
A medium-term uptrend had started on April 4, 2025 at 11.97 and reached 64.25 on June 2, 2026. HPE gained -52.28 points, or -436.76%, in 60 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (25.63) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See HPE weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since March 27, 2026. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See HPE short-term trend chart]
A short-term uptrend had started on July 2, 2026 at 40.72 and reached 63.44 on August 13, 2026. HPE gained -22.72 points, or -55.80%, in 42 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 46.04 and resistance is at 66.53. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a short-term trend.

Daily Technical Indicators: [See HPE daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.34
Williams' Percentage Range (W%R) 50.30
Lane's Stochastic (%D-Slow) 30.24
Greed/Fear Indicator (GFI) 46.08
Moving Average Converg./Diverg. (MACD) 2.44
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.47
Williams' Percentage Range (W%R) 26.30
Lane's Stochastic (%D-Slow) 59.08
Greed/Fear Indicator (GFI) 63.64
Moving Average Converg./Diverg. (MACD) 6.25
Trading Signals
Description Value Chart
Parabolic System 63.03
Upper Bollinger Band 61.47
Weekly Stochastic Crossing 54.87
Daily Stochastic Crossing 54.31
Price 53.45
20 Day Moving Average 52.70
50 Day Moving Average 49.04
Monthly Trendline Support 48.07
Weekly Trendline Support 46.04
Lower Bollinger Band 44.40
Sector and Industry
Description Name Rank
Sector Information Technology 6
Industry Technology Hardware, Storage & Peripherals 68
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 63.44
High Date 08/13/2026
Low 51.59
Low Date 08/19/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 66.53
Support 46.04
Low 40.72
Low Date 07/02/2026
High 63.44
High Date 08/13/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 64.51
Support 48.07
Low 19.84
Low Date 02/24/2026
High 64.25
High Date 06/02/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 21.34
Support 25.63
Low 11.97
Low Date 04/04/2025
High 64.25
High Date 06/02/2026
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Broken Resistance
Resistance 28.06
Support 11.51
Low 7.43
Low Date 03/18/2020
High 64.25
High Date 06/02/2026
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.