Unlocking Growth Potential: Analyzing Hewlett Packard Enterprise's (HPE) -1.7% Performance and Promising Upside.
Stocks continued their recent rally during Thursday's regular session, with the S&P 500 reaching its highest closing level of the year. The broader index climbed 0.62% to 4,293.93, just below the important 4,300 threshold. The Dow Jones Industrial Average also saw gains for the third consecutive day, adding 168.59 points or 0.5%. The Nasdaq Composite experienced a notable rally of 1.02%. Our robots also demonstrated an upward trend, particularly with stocks like HPE (HEWLETT PACKARD), in which our robots have taken long positions and have shown good growth.
Based on technical analysis indicators, HPE (HEWLETT PACKARD) shows a bullish trend:
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Momentum Indicator: On May 17, 2023, the Momentum Indicator crossed above the 0 level, indicating a potential long position or call options. In the past, in 54 out of 88 similar instances, the stock continued to climb, suggesting a 61% chance of a continued upward trend.
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Moving Average Convergence Divergence (MACD): The MACD turned positive on May 15, 2023. Historical data shows that in 30 out of 45 cases when the MACD turned positive, the stock continued to rise over the following month, implying a 67% chance of a continued upward trend.
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50-day Moving Average: On June 2, 2023, HPE moved above its 50-day moving average, signaling a shift from a downward trend to an upward trend.
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10-day and 50-day Moving Averages: On June 6, 2023, the 10-day moving average crossed above the 50-day moving average, which is considered a buy signal. In 8 out of 15 past instances, the stock continued to move higher over the following month, indicating a 53% chance of a continued upward trend.
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Aroon Indicator: The Aroon Indicator entered an Uptrend recently. In 158 out of 255 similar cases, when the Aroon Indicator entered an Uptrend, the price of HPE rose further within the following month, suggesting a 62% chance of a continued Uptrend.
Overall, the technical analysis indicators suggest a bullish trend for HPE, with various indicators pointing towards a potential continuation of the upward trend.
Investors found encouragement in the fact that a wider range of stocks, including small-cap equities, participated in the recent rally. However, it's important to note that some market participants have expressed caution, warning that these gains may not be sustainable in the long term.
HPE in downward trend: 10-day moving average crossed below 50-day moving average on September 19, 2023
The 10-day moving average for HPE crossed bearishly below the 50-day moving average on September 19, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 15 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 18, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on HPE as a result. In of 84 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for HPE turned negative on September 12, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 43 similar instances when the indicator turned negative. In of the 43 cases the stock turned lower in the days that followed. This puts the odds of success at .
HPE moved below its 50-day moving average on September 15, 2023 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where HPE declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
HPE broke above its upper Bollinger Band on September 01, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for HPE entered a downward trend on September 11, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where HPE advanced for three days, in of 332 cases, the price rose further within the following month. The odds of a continued upward trend are .
Fundamental Analysis (Ratings)
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.056) is normal, around the industry mean (7.684). P/E Ratio (20.450) is within average values for comparable stocks, (43.675). Projected Growth (PEG Ratio) (1.317) is also within normal values, averaging (2.200). Dividend Yield (0.028) settles around the average of (0.042) among similar stocks. P/S Ratio (0.753) is also within normal values, averaging (22.648).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. HPE’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 89, placing this stock slightly better than average.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a provider of information technology solutions
Industry TelecommunicationsEquipment
HPE and
Correlation & Price change
A.I.dvisor indicates that over the last year, HPE has been loosely correlated with CSCO. These tickers have moved in lockstep 62% of the time. This A.I.-generated data suggests there is some statistical probability that if HPE jumps, then CSCO could also see price increases.
| Ticker / NAME | Correlation To HPE | 1D Price Change % | ||
|---|---|---|---|---|
| HPE | 100% | -1.12% | ||
| CSCO - HPE | 62% Loosely correlated | -1.44% | ||
| JNPR - HPE | 58% Loosely correlated | -1.36% | ||
| NOK - HPE | 54% Loosely correlated | -2.61% | ||
| BDC - HPE | 54% Loosely correlated | -2.42% | ||
| UI - HPE | 46% Loosely correlated | -2.46% | ||
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