The Greedy Trader Weekly Analysis
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Monthly Price vs. Trendline:Testing Support
Monthly Pattern:Rising Channel
Number of records: 2
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Channeling Stock - rising channel and falling channel.
Stock channeling technique is one of the most efficient and widely used trading technique. Price channel represents price movement bound by parallel lower (support) and upper (resistance) trend lines. Channels with rising trend lines (rising channel) are considered bullish and the falling channel is considered as bearish . Channels are continuation formations as far as support and resistance are not broken.
Trading technique:
# 1
Buy channeling stock on support and sell on resistance.
# 2 For bullish channel: sell channeling stock when price breakes the stock channeling support line. For bearish channel: buy channeling stock when price breaks the resistance line.
Tips:
# 1 For the best results, stock channeling should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.
channeling stock,stock channeling,rising channel,falling channel,Price Channel

Hewlett Packard Enterprise (HPE)

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Summary:
Weekly :Overbought sectorLane's Stochastic is overboughtWilliams' Percentage Range is strongly overbought
Daily :The period of low volatility of the stock price
Move cursor over the icon to see details.

It was a second consecutive positive week for the Hewlett Packard Enterprise (HPE). During the week, the HPE climbed 0.03 points, or 0.25%, and closed at 11.88 on Friday, January 8, 2021. Weekly volume was -13% 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 downtrend had started on March 6, 2018 at 19.48 and reached 7.43 on March 18, 2020. HPE lost 12.05 points, or 61.86%, in 106 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 4.33 and resistance is at 16.29. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.

Medium-term trend: [See HPE medium-term trend chart]
A medium-term uptrend had started on March 18, 2020 at 7.43 and reached 12.37 on December 9, 2020. HPE gained -4.94 points, or -66.49%, in 38 weeks. The price is now at the 9.92% retracement level.

Weekly Technical Indicators: [See HPE weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since May 29, 2020. 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 downtrend had started on December 9, 2020 at 12.37 and reached 11.53 on January 4, 2021. HPE lost 0.84 points, or 6.79%, in 26 days. The price is now at the 41.67% retracement level.

Daily Technical Indicators: [See HPE daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since December 11, 2020. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

The distance between the Bollinger Bands is falling, and it was 6.73% on Friday. It is 65.40% lower than one year average. It indicates the period of low volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.35
Williams' Percentage Range (W%R) 43.70
Lane's Stochastic (%D-Slow) 47.05
Greed/Fear Indicator (GFI) 48.55
Moving Average Converg./Diverg. (MACD) 0.24
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.77
Williams' Percentage Range (W%R) 9.50
Strong Overbought
Lane's Stochastic (%D-Slow) 89.28
Overbought
Greed/Fear Indicator (GFI) 79.53
Moving Average Converg./Diverg. (MACD) 0.04
Trading Signals
Description Value Chart
Upper Bollinger Band 12.13
Weekly Stochastic Crossing 12.02
Daily Stochastic Crossing 11.94
20 Day Moving Average 11.88
Price 11.88
Parabolic System 11.55
Lower Bollinger Band 11.35
50 Day Moving Average 10.99
Sector and Industry
Description Name Rank
Sector Information Technology 9
Industry Technology Hardware, Storage & Peripherals 80
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 11.53
Low Date 01/04/2021
High 12.25
High Date 01/06/2021
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 12.37
High Date 12/09/2020
Low 11.53
Low Date 01/04/2021
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 8.28
Low Date 10/29/2020
High 12.37
High Date 12/09/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 7.43
Low Date 03/18/2020
High 12.37
High Date 12/09/2020
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 16.29
Support 4.33
High 19.48
High Date 03/06/2018
Low 7.43
Low Date 03/18/2020
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.

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