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Archive
- 11/8/2024 -
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Hewlett Packard Enterprise (HPE) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a second consecutive positive week for the Hewlett Packard Enterprise (HPE). During the week, the HPE gained 1.98 points, or 9.87%, and closed at 22.04 on Friday, November 8, 2024. It was the best weekly gain since June 7, 2024. Weekly volume was -18% 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 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 (15.70) 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 downtrend had started on June 18, 2024 at 22.82 and reached 15.77 on September 11, 2024. HPE lost 7.05 points, or 30.89%, in 12 weeks. The price is now at the 88.94% 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. 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. The distance between MACD and the signal line is low, but getting bigger. 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 September 11, 2024 at 15.77 and reached 22.20 on November 8, 2024. HPE gained -6.43 points, or -40.77%, in 58 days. Price is near the trend high.
 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.
The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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.
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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 |
9 |
| Industry |
Technology Hardware, Storage & Peripherals |
55 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
15.77 |
| Low Date |
09/11/2024 |
| High |
22.20 |
| High Date |
11/08/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
22.82 |
| High Date |
06/18/2024 |
| Low |
15.77 |
| Low Date |
09/11/2024 |
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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 |
18.98 |
| Support |
15.70 |
| Low |
7.43 |
| Low Date |
03/18/2020 |
| High |
22.82 |
| High Date |
06/18/2024 |
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