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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

Archive
- 3/6/2026 -
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Hewlett Packard Enterprise (HPE) Technical Analysis

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Summary:
Weekly :Broken trend support lineOversold sectorWilliams' Percentage Range is oversold
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SAR
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It was the negative week for the Hewlett Packard Enterprise (HPE). During the week, the HPE dropped -0.34 points, or -1.58%, and closed at 21.13 on Friday, March 6, 2026. Weekly volume was -36% below average.

HPE is a member of Information Technology Sector. Information Technology is the second most oversold 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 26.44 on October 8, 2025. HPE gained -19.01 points, or -255.85%, in 290 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The trend support level is at 11.62 and resistance is at 27.05. 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 Right-Angled, Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Ascending Wedge pattern 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 26.44 on October 8, 2025. HPE gained -14.47 points, or -120.89%, in 26 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (23.48) is broken. A broken support is considered to be a long-term bearish 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 support in a medium-term trend.

Weekly Technical Indicators: [See HPE weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 link to access Williams' Percentage Range help.

The weekly MACD line is below its signal line since November 7, 2025. 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 February 11, 2026 at 24.38 and reached 19.84 on February 24, 2026. HPE lost 4.54 points, or 18.62%, in 13 days. The price is now at the 28.41% retracement level.

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

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

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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) 36.60
Williams' Percentage Range (W%R) 72.70
Lane's Stochastic (%D-Slow) 75.17
Greed/Fear Indicator (GFI) 46.36
Moving Average Converg./Diverg. (MACD) -0.31
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.73
Williams' Percentage Range (W%R) 80.80
Oversold
Lane's Stochastic (%D-Slow) 38.53
Greed/Fear Indicator (GFI) 34.04
Moving Average Converg./Diverg. (MACD) 0.34
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 24.05
Upper Bollinger Band 23.95
Quarterly Trendline Support 23.48
50 Day Moving Average 22.28
20 Day Moving Average 21.88
Daily Stochastic Crossing 21.57
Weekly Stochastic Crossing 21.56
Price 21.13
Parabolic System 20.00
Lower Bollinger Band 19.34
Sector and Industry
Description Name Rank
Sector Information Technology 2
Industry Technology Hardware, Storage & Peripherals 19
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 24.38
High Date 02/11/2026
Low 19.84
Low Date 02/24/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 25.41
High Date 12/10/2025
Low 19.84
Low Date 02/24/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 26.44
High Date 10/08/2025
Low 19.84
Low Date 02/24/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 24.05
Support 23.48
Low 11.97
Low Date 04/04/2025
High 26.44
High Date 10/08/2025
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Valid
Resistance 27.05
Support 11.62
Low 7.43
Low Date 03/18/2020
High 26.44
High Date 10/08/2025
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.