Hewlett Packard Enterprise Company (HPE)

HPE stock forecast: buy or sell

HPE stock outlook

  • Hewlett Packard Enterprise stock tanked -2.58% to close at $9.07 on the stock market today.
  • The price is currently below the lower Bollinger band, which usually indicates a near-term rebound that you should not try to trade
  • Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data from edge to cloud.
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Important note:
The opinions contained in this article are personal and should not be followed as recommendations for you to buy or sell shares. The author of this article does not know the particular positions of the reader, his or her own finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are provided for learning purposes only

HPE stock charts overview

Should I buy Hewlett Packard Enterprise stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is HPE stock a buy?

In the current situation of Hewlett Packard Enterprise there is not any eligible buy setup. This doesn't mean we expect a selloff for HPE in the next few days, or that it may not rise higher. Simply, it doesn't match our recommended trading systems

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Should I sell Hewlett Packard Enterprise stock?

"To sell or not to sell", if you are holding Hewlett Packard Enterprise shares?. In the same way as when we have to buy shares, determining when is appropiate to sell is not a haphazard decision, and we must adhere our own trading style. When selling, as well as buying, detailed strategies are very easy to follow and are only applicable for selling shares in your porfolio, not for selling short Hewlett Packard Enterprise stock

A golden rule is that you must never mantain an investment that results in greater losses than those expected at the time of purchase. The timing to sell your stock should always be ruled by the stop-loss (automatic or manual)

Is it time to sell Hewlett Packard Enterprise stock?

In the current situation of Hewlett Packard Enterprise there is not any eligible sell setup, so Hewlett Packard Enterprise stock holders with operations in green can keep their positions

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Analysts' recommendations to buy or sell Hewlett Packard Enterprise stock

Brokerage firms and financial institutions post stock ratings based on their views of the market and the fundamental and technical situation of the analyzed stock. Unfortunately, the accuracy of these predictions is not very high, and certainly not a direct buy or sell signal

In the last month, 3 brokerage ratings were published for Hewlett Packard Enterprise

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Hewlett Packard Enterprise ratings

Brokerage firmRating
Aug 26th, 2020
Citigroup Strong sell
Aug 27th, 2020
Morgan Stanley
Sep 8th, 2020
Standpoint Research NeutralStrong buy

Technical analysis

SMAs overview

A favorite tool of many technical analysts are the moving averages, that easily show trend direction. A moving average is calculated as the simple mean of the previous N periods (usually sessions). Moving averages are usually calculated on different periods depending on the trading timeframe 21, 50, 100 and 200 days are the most usual moving averages

Supports and resistances

Investors use support and resistance levels to identify price points in the stock price action that tend to act as glass ceiling, preventing the price of a stock to move in certain direction. Supports are levels where the price tends to find support as it falls. This means that the price is more likely to "bounce off" this level rather than break through it. However, if the price breaks down the support, it is likely to continue falling until approaching another support level. On the other hand, resistance levels are where the price may find resistance as it rises. In the same way, the price is more liable to "rebound" at this level, and if it finally ruptures this level, the price will rise easily until it meets the next resistance

The current resistances are:

  • R1: $10.19 (12.35% above)
  • R2: $10.47 (15.44% above)
  • R3: $10.55 (16.32% above)
  • The current supports are:

  • S1: $8.84 (-2.54% below)
  • S2: $8.75 (-3.53% below)
  • S3: $8.42 (-7.17% below)
  • Bollinger bands

    This is an indicator that was developed in the 1980s by John Bollinger. It is composed of 3 bands that are plotted superimposed on the price evolution chart:

    • The central band is a moving average, usually a simple moving average calculated with 20 periods
    • The upper band is calculated by adding to the value of the simple moving average 2 times the standard deviation of the moving average
    • The lower band is calculated by subtracting from the simple moving average 2 times the standard deviation of the moving average

    Price readings both above or below the Bollinger Bands indicate that the price has followed a strong trend that has led to extreme upward or downward values. At this point, the price is beneath the upper band, and that should mean a possible near-term bounce off (at least) until it is back above the band

    Relative strength index

    The relative strength index (RSI) is a technical indicator used in the analysis of financial markets. Its objective is to plot the current and previous strength or weakness of a stock or market based on the closing prices of a recent trading period. Like other oscillation indicators, the RSI moves from 0% to 100%. J. Welles Wilder introduced the relative strength indicator in the late 1970s and since then it has been widely used by investors

    The RSI has been between the overbought and oversold zones for many weeks, and therefore, without this indicator really being helpful in making any decisions.

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    Earnings and financials

    Hewlett Packard Enterprise Company (HPE) reported adjusted EPS for the fiscal 2nd-quarter that significantly beat Wall St. expectations. Quarterly EPS was $0.32 per share vs. $0.23. This quarterly report means an earnings surprise of 39.13%. Revenue was $6.0 billion versus $6.3 billion forecasted by market consensus.

    Same quarter one year ago, reported EPS was $0.45, so recently posted EPS is a reduction of -28.89%. Looking at sales, figures collapsed a -15.96% compared to $7.2B same quarter last year.

    HPE is hosting the quarterly earnings call next November. Wall Street predicts a per-share earnings of %s of $0.34, compared to Q2 that was $0.32. Financial reporting day has a more than usual risk for investors as the results disclosed can jump up or down the stock price with lower liquidity and not honouring your buy or stop-loss orders. You can obtain more details about the earnings call and the financial reports on the Investor Relations section of its website: http://www.hpe.com.

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