Hewlett Packard Enterprises Technical Analysis (NYSE:HPE)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The Hewlett Packard Enterprises stock price data and volume are plotted in HPE stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Hewlett Packard Enterprises. Technical analysis uses an approach for Hewlett Packard Enterprises stock analysis that does not care for the fair value of a company but uses price and volume data only.
Hewlett Packard Enterprises Moving Average
Moving averages show the HPE stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The 20 day moving average of $17.92 is below the last closing price of $18.7 and the 50 day moving average of $16.62 is below the last closing price of $18.7. The 10 and 20 day periods can predict short term moving average trends.
Hewlett Packard Enterprises Bollinger Bands
Bollinger bands comprise of a center line usually HPE SMA, and two HPE stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. The stock price is trading between the average and the upper band in the context of Hewlett Packard Enterprises bollinger bands.
Hewlett Packard Enterprises Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Hewlett Packard Enterprises MACD indicator is above 0 indicating a bullish trend.
Hewlett Packard Enterprises Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. 76.57 is the RSI value of HPE stock.