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Technology Hardware, Storage & Peripherals Industry Stocks Technical Analysis - HPEArchive
- 11/15/2024 -
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Hewlett Packard Enterprise (HPE) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Hewlett Packard Enterprise (HPE). During the week, the HPE dropped -0.98 points, or -4.45%, and closed at 21.06 on Friday, November 15, 2024. Weekly volume was -36% 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 22.82 on June 18, 2024. HPE gained -15.39 points, or -207.13%, in 221 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (15.73) 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 September 11, 2024 at 15.77 and reached 22.40 on November 11, 2024. HPE gained -6.63 points, or -42.04%, in 8 weeks. The price is now at the 20.21% retracement level.
 Weekly Technical Indicators: [See HPE weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is above its signal line since October 4, 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 uptrend had started on October 24, 2024 at 19.24 and reached 22.40 on November 11, 2024. HPE gained -3.16 points, or -16.42%, in 18 days. The chart has formed a Broadening Ascending Wedge chart pattern.
 Daily Technical Indicators: [See HPE daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since November 5, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
A Parabolic SAR (stop and reversal) indicator (20.96) comes close to the price (21.06). 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.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Information Technology |
7 |
| Industry |
Technology Hardware, Storage & Peripherals |
47 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Low |
19.24 |
| Low Date |
10/24/2024 |
| High |
22.40 |
| High Date |
11/11/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
15.77 |
| Low Date |
09/11/2024 |
| High |
22.40 |
| High Date |
11/11/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
14.47 |
| Low Date |
03/01/2024 |
| High |
22.82 |
| High Date |
06/18/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
11.90 |
| Low Date |
09/23/2022 |
| High |
22.82 |
| High Date |
06/18/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Wedge |
| Status |
Broken Resistance |
| Resistance |
19.00 |
| Support |
15.73 |
| Low |
7.43 |
| Low Date |
03/18/2020 |
| High |
22.82 |
| High Date |
06/18/2024 |
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