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Advanced TA SearchArchive
- 4/26/2024 -
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Hewlett Packard Enterprise (HPE) Technical Analysis
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| Summary:
| | | Weekly : | | Daily : 
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| | It was a first positive week for the Hewlett Packard Enterprise (HPE). During the week, the HPE gained 0.38 points, or 2.26%, and closed at 17.17 on Friday, April 26, 2024. Weekly volume was -25% 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 20.07 on March 6, 2024. HPE gained -12.64 points, or -170.12%, in 207 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 14.73 and resistance is at 18.67. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a long-term trend.
 Medium-term trend: [See HPE medium-term trend chart]
A medium-term uptrend had started on September 23, 2022 at 11.90 and reached 20.07 on March 6, 2024. HPE gained -8.17 points, or -68.66%, in 75 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 14.74 and resistance is at 19.25. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern 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 1, 2024. 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 April 4, 2024 at 18.76 and reached 16.65 on April 22, 2024. HPE lost 2.11 points, or 11.25%, in 18 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Daily Technical Indicators: [See HPE daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is below its signal line since April 8, 2024. 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.
A Parabolic SAR (stop and reversal) indicator (17.3) comes close to the price (17.17). It indicates that the trend is getting weaker. 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.
During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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