ARISTA NETWORKS INC (ANET) Stock Technical Analysis
NYSE:ANET • US0404132054
Overall ANET gets a technical rating of 7 out of 10. In the last year, ANET was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- The long and short term trends are both positive. This is looking good!
- ANET is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ANET is lagging the market slightly.
- ANET has an average volume of 7186480 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, ANET did better than 78% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- ANET is part of the Communications Equipment industry. There are 48 other stocks in this industry, ANET did better than 59% of them.
- In the last month ANET has a been trading in the 123.34 - 151.80 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ANET has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
121.13
We found 2 important support areas.
- A support zone ranging from 128.65 to 130.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 122.35 to 122.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 148.20 to 150.16. This zone is formed by a combination of multiple trend lines in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for ANET is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ANET is up. |
| ChartMill Relative Strength | 78.12 | POSITIVE | ANET has a high relative strength, it outperformed 78.12% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ANET is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ANET is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ANET is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.32 | NEUTRAL | The RSI value for ANET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ANET has a positive trend. |
| Stochastics (14,3) | 62.92 | NEUTRAL | The Stochastics value for ANET is a neutral value. |
| Average True Range in percent/ATR (20) | 4.94 | MEDIUM VOLATILITY | The ATR as a percentage value for ANET suggests some volalility. |
| Average Directional Index/ADX (14) | 18.91 | NEGATIVE | The low ADX value for ANET suggests a weak or negative trend. |
140.66
-2.79 (-1.94%)
ARISTA NETWORKS INC / ANET FAQ
What is the ChartMill technical rating of ARISTA NETWORKS INC (ANET) stock?
ChartMill assigns a technical rating of 7 / 10 to ANET.
What is the current trend direction of ARISTA NETWORKS INC (ANET) stock?
The current trend direction for ARISTA NETWORKS INC (ANET) is Bullish.
What is the RSI signal for ANET stock?
ARISTA NETWORKS INC (ANET) has an RSI value of 54.3181. This indicates that the stock is currently neutral.
What is the MACD signal for ARISTA NETWORKS INC (ANET) stock?
The MACD indicator for ARISTA NETWORKS INC (ANET) has a value of 0.0245044, indicating a bearish trend.
What is the buy/sell signal for ANET stock?
The buy/sell signal for ARISTA NETWORKS INC (ANET) is buy as both the short term and long term trends are positive.