HPE stock has risen 15.5% in 2018
Hewlett Packard Enterprise (HPE) stock has returned 22% in the last 12 months, 8.1% in the last month, and 6% in the last five trading days. HPE stock rose 60% in 2016 and over 8% in 2017. Since the start of 2018, it’s risen close to 17.7%.
In comparison, the SPDR S&P 500 ETF (SPY) and the PowerShares QQQ Trust Series ETF (QQQ) have generated returns of 8% and 16%, respectively, in 2018.
Of the 25 analysts tracking HPE, ten have recommended “buys,” 14 have recommended “holds,” and one has recommended a “sell” on the stock. Analysts’ 12-month average price target for HPE is $19.58, and the median estimate is $20. HPE is trading at a discount of 20% to analysts’ median estimate.
On August 20, HPE closed the trading day at $16.72. Based on that price, the stock was trading as follows:
- 2.8% above its 100-day moving average of $15.88
- 7.4% above its 50-day moving average of $15.57
- 5.3% above its 20-day moving average of $16.26
MACD and RSI
HPE’s 14-day MACD (moving average convergence divergence) is 0.51. A stock’s MACD is the difference between its short-term and long-term moving averages. HPE’s positive MACD score indicates an upward trading trend.
HPE has a 14-day RSI (relative strength index) score of 68, which shows that the stock is trading very close to overbought territory. An RSI score of above 70 indicates that a stock has been overbought, while an RSI score of below 30 indicates that a stock has been oversold.