Hewlett Packard Enterprise (HPE) Chart Patterns, Support & Resistance & Technical Analysis

Auto-detected technical analysis for HPE · data as of Aug 4, 2026. The chart above is live; the read below updates daily.

$52.39last close · Aug 4, 202652-week range $19.64 – $64.25 · 18.46% below the high

HPE Bullish Pennant Pattern

HPE is currently forming a bullish pennant on the daily timeframe. Detected Aug 4, 2026.

A bullish pennant is a brief, tidy pause that typically continues the move higher. A breakout projects a measured-move target near $29.36 (+18.5%). Across 2,605 backtested bullish pennants, the setup followed through 57.4% of the time, averaging +0.99R; HPE's own bullish pennants have hit 40.0%.

DirectionBullishTarget$29.36Projected move+18.5%Breakout level$25.23

New to this pattern? What a bullish pennant is and how to trade it →

HPE's Most Recent Bullish Pennant Trade

HPE's most recent completed bullish pennant resolved as a win: it broke higher on Apr 16, 2026 near $25.38, then reached its target at $45.49 on Jun 10, 2026 — a +13.19R move (79.2%) over 38 sessions. Across 33 backtested bullish pennants, this setup wins 57.6% of the time.

OutcomeWinResult+13.19REntry$25.38Exit$45.49

Learn about bullish pennant

How Bullish Pennants Have Performed

Win rate
57.4%
Avg return
+0.99R
Backtested trades
2,605
HPE win rate
40.0%

Historical pattern statistics (2006-08-15 – 2026-08-04), not a prediction.

How these backtests work →

HPE Pattern Trade History

Every completed pattern trade our nightly backtest found on HPE's daily chart, newest first — wins and losses alike.

PatternEntryExitOutcomeResult
Bullish PennantApr 16, 2026 @ $25.38Jun 10, 2026 @ $45.49Win+13.19R
Bullish PennantMar 11, 2026 @ $21.43Jun 10, 2026 @ $45.49Win+15.13R
TriangleNov 11, 2025 @ $23.46Nov 20, 2025 @ $20.24Win+3.37R
Rising WedgeAug 22, 2025 @ $21.99Sep 23, 2025 @ $24.70Win+1.74R
Falling WedgeAug 11, 2025 @ $21.02Sep 23, 2025 @ $24.70Win+2.67R
Bullish PennantJul 28, 2025 @ $20.88Aug 1, 2025 @ $19.81Loss-1.32R
Falling WedgeFeb 27, 2025 @ $20.16Mar 7, 2025 @ $16.69Win+1.91R
TriangleJan 14, 2025 @ $22.84Feb 3, 2025 @ $20.46Loss-1.42R
TriangleJul 24, 2024 @ $20.34Aug 2, 2024 @ $18.71Win+1.38R
Bullish PennantMay 6, 2024 @ $17.13Jun 21, 2024 @ $20.92Win+4.33R
TriangleOct 4, 2023 @ $16.85Oct 20, 2023 @ $15.35Win+1.67R
TriangleAug 4, 2023 @ $17.59Aug 22, 2023 @ $16.79Loss-1.20R

HPE Support and Resistance Levels

Price is being turned away at a ceiling near $52.93 and starting to slide. On the weekly chart, the next floor below sits near $19.84 — about 62% away.

  • Traders commonly watch $19.84 as a target (its 100% retracement) — think of it as a sensible next stop, not a guarantee.
  • That floor is the first place the slide might steady — worth watching how price behaves as it gets there.
  • There's nothing to act on yet — the spot to watch is right at the $52.93 ceiling, where price is testing it now, not out here in the slide. Chasing once price pulls away tends to be worse odds.

Nearest auto-detected support sits near $51.35, resistance near $58.44. These are chart/swing-derived levels, not formula pivots.

Resistance
$58.44$64.78
Support
$51.35$44.78$40.72$26.07$20.80$19.95

HPE Recent Daily Prices

DateOpenHighLowClose
Aug 4, 2026$52.61$53.42$50.39$52.39
Aug 3, 2026$47.51$50.56$46.30$50.24
Jul 31, 2026$49.00$49.89$46.82$47.90
Jul 30, 2026$46.29$47.25$45.46$47.14
Jul 29, 2026$45.25$46.66$44.18$44.44
Jul 28, 2026$46.32$46.51$43.30$45.59
Jul 27, 2026$48.00$49.14$46.31$48.19
Jul 24, 2026$48.00$49.21$47.34$47.69
Jul 23, 2026$47.48$49.25$47.40$47.64
Jul 22, 2026$47.21$49.68$47.00$48.13

HPE Frequently Asked Questions

What chart pattern is HPE forming right now?
As of Aug 4, 2026, TradingPal's detector identifies a bullish pennant on Hewlett Packard Enterprise (HPE) on the daily chart, with a measured-move target of $29.36.
Is a bullish pennant bullish or bearish?
The bullish pennant detected on HPE is a bullish pattern, projecting a measured-move target of $29.36. See its full backtested track record above — that's the real edge, not the textbook label.
How reliable is a bullish pennant pattern, and what is its win rate?
Across TradingPal's backtest of the bullish pennant family (2,605 trades over 631 symbols), it resolved in the expected direction 57.4% of the time with an average of +0.99R. These are historical statistics, not a prediction.
What are the support and resistance levels for HPE?
Based on auto-detected, swing-derived levels (as of Aug 4, 2026), HPE's nearest support is around $51.35 and nearest resistance around $58.44.
What is the price target if HPE's pattern breaks out?
The detected bullish pennant has a geometry-based measured-move target of $29.36 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was HPE's closing price on Aug 4, 2026?
Hewlett Packard Enterprise (HPE) last closed at $52.39 on Aug 4, 2026. For the live quote, see the chart above or a real-time quote provider.

Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.