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A Look at HPE’s Relative Strength and Volatility

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HPE’s relative strength

In this final part of the series, we’ll look at Hewlett Packard Enterprise’s (HPE) RSI (relative strength index), which is one of its most important technical indicators. HPE’s 14-day RSI is 28, indicating that the company’s stock is oversold and may rise in the future.

RSI scores help investors and traders analyze the overbought or underbought status of a stock. An RSI figure of higher than 70 indicates that a company’s stock is overbought and may fall soon, while an RSI figure of below 30 suggests that a stock may rise, as it’s been oversold.

HPE’s ATR and volatility

HPE’s ATR (average true range) value is ~0.42. ATR is useful in analyzing stock volatility trends, as it indicates periods of high and low volatility in the market. High volatility signals substantial stock price fluctuations in the market, whereas low volatility indicates stocks trading within a range. ATR helps traders and investors make investment choices that are aligned with a stock’s risk profile.

HPE stock has a beta of 1.73, which indicates its relatively high volatility in comparison to the overall market’s. When a stock’s beta is higher than 1.0, it’s usually viewed as more volatile than the overall market. Here, HPE’s beta indicates that its stock is 73% more volatile than the overall market.

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