ARISTA NETWORKS INC (ANET) Technical Analysis
NYSE:ANET • US0404132054
Current stock price
ANET Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to ANET. Both in the recent history as in the last year, ANET has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, ANET did better than 94% of all other stocks. On top of that, ANET also shows a nice and consistent pattern of rising prices.
- ANET is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month ANET has a been trading in the 115.42 - 179.80 range, which is quite wide. It is currently trading near the high of this range.
- ANET has an average volume of 7520310 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- ANET is an average performer in the Communications Equipment industry, it outperforms 68% of 46 stocks in the same industry.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
ANET Weekly and Daily overview Charts
ANET Setup Rating and Analysis
Although ANET has an excellent technical rating, it does not present a decent entry opportunity 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
2 important support areas can be observed.
- Support @125.19 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 | 94.03 | POSITIVE | ANET has a high relative strength, it outperformed 94.03% 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) | 74.23 | OVERBOUGHT | The high RSI value suggests ANET may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 3.26 | POSITIVE | The MACD value suggests ANET has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 94.02 | OVERBOUGHT | The high Stochastics value suggests ANET may be overbought. |
| Average True Range in percent/ATR (20) | 3.53 | MEDIUM VOLATILITY | The ATR as a percentage value for ANET suggests some volalility. |
| Average Directional Index/ADX (14) | 30.94 | 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
176.91
+4.36 (+2.53%)
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 74.2286. This indicates that the stock is currently overbought.
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 125.19. Check the full technical report for our detailed analysis of ANET support and resistance levels.