Hewlett Packard Enterprise Company Stock Forecast
Stronger technical forecast for Hewlett Packard Enterprise Company stock price after Thursday trading.
(Updated on Mar 28, 2024)
The Hewlett Packard Enterprise Company stock price gained 0.340% on the last trading day (Thursday, 28th Mar 2024), rising from $17.67 to $17.73. During the last trading day the stock fluctuated 0.93% from a day low at $17.69 to a day high of $17.86. The price has risen in 7 of the last 10 days and is up by 1.14% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 353 thousand more shares were traded than the day before. In total, 9 million shares were bought and sold for approximately $162.32 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 8.28% during the next 3 months and, with a 90% probability hold a price between $16.64 and $20.74 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
HPE Signals & Forecast
The Hewlett Packard Enterprise Company stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $17.43 and $16.49. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, March 15, 2024, and so far it has risen 5.98%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Hewlett Packard Enterprise Company stock
Hewlett Packard Enterprise Company finds support from accumulated volume at $17.15 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.165 between high and low, or 0.93%. For the last week, the stock has had daily average volatility of 2.03%.
Our recommended stop-loss: $16.89 (-4.76%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (HPE) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Hewlett Packard Enterprise Company to open at $17.76, and during the day (based on 14 day Average True Range), to move between $17.19 and $18.27, which gives a possible trading interval of +/-$0.538 (+/-3.04%) up or down from last closing price. If Hewlett Packard Enterprise Company takes out the full calculated possible swing range there will be an estimated 6.07% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $18.05 (1.80%) than the support at $17.15 (3.27%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Hewlett Packard Enterprise Company stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Hewlett Packard Enterprise Company stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.876 Buy Candidate Upgraded
Predicted Opening Price for Hewlett Packard Enterprise Company of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$17.76 ( 0.160%) | $17.73 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HPE
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 17.92 | 1.09 % | |
R2 | 17.86 | 0.735 % | ||
R1 | 17.82 | 0.515 % | ||
Current price: | 17.73 | |||
Support | S1 | 17.70 | -0.196 % | |
S2 | 17.66 | -0.415 % | ||
S3 | 17.59 | -0.771 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 18.77 | 5.87 % | |
R2 | 18.10 | 2.09 % | ||
R1 | 18.05 | 1.80 % | ||
Current price | 17.73 | |||
Support | S1 | 17.15 | -3.27% | |
S2 | 15.56 | -12.24% | ||
S3 | 15.23 | -14.10% |
HPE Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 29, 2024 | Mar 15, 2024 | Apr 12, 2024 | $0.130 | 0.733% |
2 | Feb 29, 2024 | Mar 14, 2024 | Apr 12, 2024 | $0.130 | 0.733% |
3 | Nov 28, 2023 | Dec 12, 2023 | Jan 11, 2024 | $0.130 | 0.794% |
4 | Aug 29, 2023 | Sep 13, 2023 | Oct 13, 2023 | $0.120 | 0.728% |
5 | May 30, 2023 | Jun 14, 2023 | Jul 14, 2023 | $0.120 | 0.711% |
FAQ
Click here for our free guide on how to buy Hewlett Packard Enterprise Company Stock.