ARISTA NETWORKS INC (ANET) Technical Analysis
NYSE:ANET • US0404132054
Current stock price
ANET Technical Rating and Analysis
Taking everything into account, ANET scores 4 out of 10 in our technical rating. Although ANET is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Looking at the yearly performance, ANET did better than 88% of all other stocks. We also observe that the gains produced by ANET over the past year are nicely spread over this period.
- ANET has an average volume of 8008360 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- ANET is an average performer in the Communications Equipment industry, it outperforms 57% of 48 stocks in the same industry.
- ANET is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ANET is lagging the market slightly.
- In the last month ANET has a been trading in the 115.42 - 141.77 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ANET Weekly and Daily overview Charts
ANET Setup Rating and Analysis
ANET has an average technical rating and it also does not offer a high quality setup 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
ANET Support and Resistance Analysis
114.97
2 important support areas can be observed.
- Support @120.77 from a horizontal line in the weekly time frame.
- A support zone ranging from 116.13 to 117.43. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 131.15 to 134.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 139.63 to 143.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
ANET Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The long term trend for ANET is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ANET is down. |
| ChartMill Relative Strength | 88.22 | POSITIVE | ANET has a high relative strength, it outperformed 88.22% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ANET is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ANET is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ANET is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.56 | NEUTRAL | The RSI value for ANET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.89 | NEGATIVE | The MACD value suggests ANET has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 41.03 | NEUTRAL | The Stochastics value for ANET is a neutral value. |
| Average True Range in percent/ATR (20) | 4.74 | MEDIUM VOLATILITY | The ATR as a percentage value for ANET suggests some volalility. |
| Average Directional Index/ADX (14) | 19.44 | NEGATIVE | The low ADX value for ANET suggests a weak or negative trend. |
ANET Chart- and CandleStick Pattern Analysis
ANET Technicals: Chart, Performance Metrics, Trend & Indicators
126.68
+1.83 (+1.47%)
ARISTA NETWORKS INC / ANET TA FAQ
What is the ChartMill technical rating of ARISTA NETWORKS INC (ANET) stock?
ChartMill assigns a technical rating of 4 / 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 Bearish.
What is the RSI signal for ARISTA NETWORKS INC (ANET) stock?
ARISTA NETWORKS INC (ANET) has an RSI value of 46.5633. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ARISTA NETWORKS INC?
The short term momentum for ARISTA NETWORKS INC (ANET) is negative.
What are the support and resistance levels for ARISTA NETWORKS INC (ANET) stock?
ARISTA NETWORKS INC (ANET) has a support level at 120.77 and a resistance level at 131.15. Check the full technical report for our detailed analysis of ANET support and resistance levels.