Hewlett Packard Enterprise Co (HPE) Technical Analysis

Hewlett Packard Enterprise Co, also known as HPE, is a leading global technology company that specializes in developing and providing cutting-edge IT solutions for businesses. As such, technical analysis plays a crucial role in assessing the stock's performance and potential future trends. By using various technical indicators, investors can gain insights into the stock's price movements and make informed investment decisions.

One commonly used technical indicator is the Relative Strength Index (RSI), which measures the magnitude of recent price changes to determine the stock's overbought or oversold conditions. This momentum oscillator ranges from 0 to 100 and is typically used to identify potential trend reversals. Another important indicator is the Average Directional Index (ADX), which helps assess the strength of a stock's trend. A high ADX value indicates a strong trend, while a low value suggests a weak trend.