The Greedy Trader Weekly Analysis
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- 10/23/2026 -
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Hewlett Packard Enterprise (HPE) Technical Analysis

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Summary:
Weekly :Overbought sectorStochastic signal line moved below overbought areaBroken trend resistance lineBroken trend resistance line
Daily :Broken trend resistance lineLane's Stochastic oversoldWilliams' Percentage Range is strongly oversold
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It was a first positive week for the Hewlett Packard Enterprise (HPE). During the week, the HPE gained 1.56 points, or 2.83%, and closed at 56.69 on Friday, October 23, 2026. Weekly volume was -33% below average.

HPE is a member of Information Technology Sector. Information Technology is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See HPE long-term trend chart]
A long-term uptrend had started on March 18, 2020 at 7.43 and reached 73.56 on October 9, 2026. HPE gained -66.13 points, or -890.04%, in 342 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The uptrend resistance line (11.47) 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 73.56 on October 9, 2026. HPE gained -61.59 points, or -514.54%, in 79 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (27.31) 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. During the last week, weekly 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.

The weekly MACD line is above its signal line since March 27, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See HPE short-term trend chart]
A short-term downtrend had started on October 9, 2026 at 73.56 and reached 53.91 on October 22, 2026. HPE lost 19.65 points, or 26.71%, in 13 days. The chart has formed a Descending Triangle chart pattern. The downtrend resistance line (53.83) is broken. A broken support is considered to be a long-term bullish signal. 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 short-term trend.

Daily Technical Indicators: [See HPE daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.

The daily MACD line is below its signal line since October 13, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current short-term downtrend is still strong, and momentum is beginning to wane.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 32.08
Williams' Percentage Range (W%R) 95.00
Strong Oversold
Lane's Stochastic (%D-Slow) 12.37
Oversold
Greed/Fear Indicator (GFI) 16.50
Oversold
Moving Average Converg./Diverg. (MACD) 0.53
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.54
Williams' Percentage Range (W%R) 56.80
Lane's Stochastic (%D-Slow) 74.77
Greed/Fear Indicator (GFI) 57.38
Moving Average Converg./Diverg. (MACD) 7.73
Trading Signals
Description Value Chart
Upper Bollinger Band 73.41
Weekly Stochastic Crossing 65.51
20 Day Moving Average 63.78
Parabolic System 61.27
50 Day Moving Average 59.40
Monthly Trendline Support 59.24
Price 56.69
Weekly Trendline Resistance 55.99
Daily Stochastic Crossing 55.62
Weekly Trendline Support 53.83
Lower Bollinger Band 48.74
Sector and Industry
Description Name Rank
Sector Information Technology 9
Industry Technology Hardware, Storage & Peripherals 86
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 53.91
Low Date 10/22/2026
High 58.01
High Date 10/23/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Descending Triangle
Status Broken Resistance
Resistance 55.99
Support 53.83
High 73.56
High Date 10/09/2026
Low 53.91
Low Date 10/22/2026
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 74.59
Support 59.24
Low 19.84
Low Date 02/24/2026
High 73.56
High Date 10/09/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 20.31
Support 27.31
Low 11.97
Low Date 04/04/2025
High 73.56
High Date 10/09/2026
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Broken Resistance
Resistance 28.45
Support 11.47
Low 7.43
Low Date 03/18/2020
High 73.56
High Date 10/09/2026
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.