ARISTA NETWORKS INC (ANET) Technical Analysis
NYSE:ANET • US0404132054
Current stock price
ANET Technical Rating and Analysis
Overall ANET gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ANET is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that ANET is one of the better performing stocks in the market, outperforming 90% of all stocks. We also observe that the gains produced by ANET over the past year are nicely spread over this period.
- 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 is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- ANET has an average volume of 6990190 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- ANET is part of the Communications Equipment industry. There are 46 other stocks in this industry, ANET did better than 60% of them.
ANET Weekly and Daily overview Charts
ANET Setup Rating and Analysis
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
ANET Support and Resistance Analysis
116.26
When analyzing the support we can see 3 important areas.
- Support @165.28 from a horizontal line in the daily time frame.
- Support @126.30 from a trend line in the weekly time frame.
- Support @117.43 from a horizontal line in the daily time frame.
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 | 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 | 90.96 | POSITIVE | ANET has a high relative strength, it outperformed 90.96% 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) | 62.68 | NEUTRAL | The RSI value for ANET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.8 | POSITIVE | The MACD value suggests ANET has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.59 | NEUTRAL | The Stochastics value for ANET is a neutral value. |
| Average True Range in percent/ATR (20) | 3.86 | MEDIUM VOLATILITY | The ATR as a percentage value for ANET suggests some volalility. |
| Average Directional Index/ADX (14) | 29.82 | POSITIVE | The high ADX value value for ANET suggests a strong trend. |
ANET Chart- and CandleStick Pattern Analysis
ANET Technicals: Chart, Performance Metrics, Trend & Indicators
168.68
+3.39 (+2.05%)
ARISTA NETWORKS INC / ANET TA FAQ
What is the ChartMill technical rating of ARISTA NETWORKS INC (ANET) stock?
ChartMill assigns a technical rating of 10 / 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 ARISTA NETWORKS INC (ANET) stock?
ARISTA NETWORKS INC (ANET) has an RSI value of 62.6785. 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 positive.
What are the support and resistance levels for ARISTA NETWORKS INC (ANET) stock?
ARISTA NETWORKS INC (ANET) has a support level at 165.28. Check the full technical report for our detailed analysis of ANET support and resistance levels.