HPE technical setup suggests a breakout to new record highs is likely.

Now, we have HPE stock. HPE stock hit new record highs today with a price tail extension, hitting a high of $65.48, but as you can see, the stock pulled back to close near its previous record high in June 2026.

So, as you can see, we all witnessed a good consolidation , all on the descending trend line connecting the pivot points. HPE stock closed yesterday above the previous closing price , and closed today above the same price.

This indicates that this consolidation process , in addition to today's closing above the highest recorded price, suggests that HPE is poised to rise on the charts.

Where could the price go? We may enter another phase of price discovery. As you can see, there aren't many possibilities, but I recommend following an exercise similar to the one I explained earlier.

Go back to the pivot points and start drawing trend lines to identify the next major resistance levels. We have already noticed that the price has touched the resistance level there.

In addition, HPE stock may be about to break out towards new record highs, and we will need to draw new patterns for this rise. Great move for HPE stock.