Hewlett Packard's 15min chart signals MACD Death Cross, Bollinger Bands narrowing.

Based on the technical indicators on Hewlett Packard's 15-minute chart, the MACD Death Cross and Bollinger Bands Narrowing at 07/14/2025 15:15 suggest that the stock price may continue to decline, with a potential decrease in volatility.

Hewlett Packard Enterprise (HPE) has been facing significant challenges in recent months, with technical indicators and market dynamics suggesting a continuation of downward price momentum. On July 8, 2025, HPE's 15-minute chart triggered a MACD Death Cross and KDJ Death Cross, signaling a potential continuation of downward price momentum [1]. This comes on the heels of a series of events that have put pressure on the company's stock price.

In April 2025, activist investor Elliott Management took a $1.5 billion stake in HPE, raising eyebrows given Elliott's history of ousting CEOs. The investment, a long position rather than a short bet, has put significant pressure on CEO Antonio Neri [1]. This move is part of a broader trend where Elliott Management has forced out 14 chief executives after taking a stake in their companies [1].

The most immediate issue for HPE came with its Q1 earnings in March 2025, where a pricing error in inventory cost wiped more than $3 billion off its market cap. CEO Antonio Neri admitted to the mistake, which significantly impacted the company's profitability [1].

Moreover, HPE's stock has underperformed compared to its peers. On the day Elliott's stake was reported, JPMorgan analyst Samik Chatterjee noted that Elliott might be addressing the discount at which HPE shares trade and improving execution and efficiencies [1]. Comparisons with peers like Dell and Cisco highlighted HPE's underperformance, with HPE generating only $494,000 per employee in revenue compared to $885,000 for Dell [1].

While HPE and Elliott Management have been silent on negotiations, clues hint at potential demands. HPE's board, with six members having been there for over 10 years, might be under pressure to bring in new blood. However, Elliott Management has shown a preference for mutual agreements rather than proxy battles, suggesting a more collaborative approach [1].

HPE has maintained a dialogue with its shareholders, including Elliott Management, but has declined to comment on specific communications. The company's recent stock performance, coupled with the technical indicators, suggests that investors should be cautious. Further downward pressure is likely, and investors should closely monitor HPE's earnings and any developments in its negotiations with Elliott Management.

In other recent news, Evercore ISI raised its price target on HPE to $25.00 from $22.00 while maintaining an Outperform rating following the company’s completion of its Juniper Networks acquisition [2]. The company now expects to realize at least $600 million in cost savings through the first three years post-close, up from its previous target of $450 million.

However, the latest technical indicators on Hewlett Packard's 15-minute chart suggest that the stock price may continue to decline. The MACD Death Cross and Bollinger Bands Narrowing at 15:15 on July 14, 2025, indicate a potential decrease in volatility and further downward pressure on the stock price.

Investors should closely monitor HPE's earnings and any developments in its negotiations with Elliott Management, as well as the ongoing integration of the Juniper Networks acquisition. The recent technical indicators suggest that the downward momentum may continue, and investors should be prepared for further volatility.

References:
[1] URL: https://www.ainvest.com/news/hewlett-packard-15-minute-chart-displays-macd-death-cross-kdj-death-cross-2507/
[2] URL: https://www.investing.com/news/analyst-ratings/hp-enterprise-stock-price-target-raised-to-25-from-22-at-evercore-isi-93CH-4130950