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Inside Hewlett Packard Enterprise’s Moving Averages in September

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Sep. 12 2017, Updated 7:36 a.m. ET

Shareholder returns

Since the start of 2017, Hewlett Packard Enterprise (HPE) stock has risen 2.4%, after rising 54% in 2016. The stock has generated marginal returns of -1% over the past five trading days.

In the trailing-12-month period, HPE stock has risen 8.4%. In the last one-month period, it has risen 1.4%.

HPE technology peers Cisco Systems (CSCO), IBM (IBM), Microsoft (MSFT), and NetApp (NTAP) have generated returns of 1%, -10.3%, 27%, and 11.0%, respectively, in the trailing-12-month period.

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HPE’s moving averages

On September 6, 2017, HPE closed the trading day at $13.77. Based on that stock price, the stock’s moving averages are as follows:

  • 0.1% above its 100-day moving average of $13.75
  • 2% above its 50-day moving average of $13.51
  • 0.3% above its 20-day moving average of $13.73

Analyst recommendations

Of the 26 analysts tracking HPE, ten gave the stock a “buy” recommendation, and 14 analysts recommended a “hold.” There were two “sell” recommendations from these analysts.

The analysts’ consensus price target for HPE stock is $15.74, with a median target estimate of $16.00. HPE is thus trading at a discount of 16% to the median analyst estimate.

HPE’s MACD and RSI

HPE’s 14-day MACD (moving average convergence divergence) stands at ~0.11. A stock’s MACD is the difference between its short-term and long-term moving averages. As HPE’s MACD is positive, it indicates an upward trading pattern.

HPE also has a 14-day RSI (relative strength index) score of 58, which shows that the stock is trading closer to overbought territory. If an RSI is above 70, it indicates that a stock has been overbought, while an RSI figure below 30 suggests that a stock has been oversold.

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