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Uptrend ExhaustionArchive
- 5/29/2026 -
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Hewlett Packard Enterprise (HPE) Technical Analysis
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| Summary:
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| | It was a twelfth consecutive positive week for the Hewlett Packard Enterprise (HPE). During the week, the HPE gained 5.46 points, or 14.53%, and closed at 43.04 on Friday, May 29, 2026. Weekly volume was 65% above 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 44.58 on May 29, 2026. HPE gained -37.15 points, or -500%, in 323 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The uptrend resistance line (11.56) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 April 4, 2025 at 11.97 and reached 44.58 on May 29, 2026. HPE gained -32.61 points, or -272.43%, in 60 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (23.41) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 medium-term trend.
 Weekly Technical Indicators: [See HPE weekly technical indicators chart]
Weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Relative Strength Index, 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, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is above its signal line since March 27, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 March 9, 2026 at 20.60 and reached 44.58 on May 29, 2026. HPE gained -23.98 points, or -116.41%, in 81 days. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (32.47) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 short-term trend.
 Daily Technical Indicators: [See HPE daily technical indicators chart]
Daily Relative Strength Index and Williams' Percentage Range are overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index and Williams' Percentage Range or strongly overbought daily Lane's Stochastic.
The daily MACD line is above its signal line since April 15, 2026. This is an indication that the short-term trend is up.
The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The distance between the Bollinger Bands (34.39%) is close to one year high (28.07%). It is 108.21% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. 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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