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Technology Hardware, Storage & Peripherals Industry Stocks Technical Analysis - HPEArchive
- 5/2/2025 -
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Hewlett Packard Enterprise (HPE) Technical Analysis
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| Summary:
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| | It was a fourth consecutive positive week for the Hewlett Packard Enterprise (HPE). During the week, the HPE gained 0.62 points, or 3.82%, and closed at 16.86 on Friday, May 2, 2025. Weekly volume was -10% 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 24.66 on January 22, 2025. HPE gained -17.23 points, or -231.90%, in 253 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 16.53 and resistance is at 19.26. 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 24.66 on January 22, 2025. HPE gained -12.76 points, or -107.23%, in 121 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (16.57) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.
 Weekly Technical Indicators: [See HPE weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since January 31, 2025. 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 April 4, 2025 at 11.97 and reached 16.99 on May 2, 2025. HPE gained -5.02 points, or -41.94%, in 28 days. The chart has formed a Rising Wedge chart pattern. The trend support level is at 16.30 and resistance is at 17.04. 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 short-term trend.
 Daily Technical Indicators: [See HPE daily technical indicators chart]
Daily Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index and Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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, Relative Strength Index and Williams' Percentage Range help.
The daily MACD line is above its signal line since April 10, 2025. This is an indication that the short-term trend is up.
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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