ARISTA NETWORKS INC (ANET) Stock Technical Analysis
NYSE:ANET - New York Stock Exchange, Inc. - US0404132054 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to ANET. Although ANET has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month ANET has a been trading in the 85.58 - 103.13 range, which is quite wide. It is currently trading near the high of this range.
ANET has an average volume of 10324100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that ANET is one of the better performing stocks in the market, outperforming 87% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
ANET is an average performer in the Communications Equipment industry, it outperforms 55% of 50 stocks in the same industry.
ANET is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ANET is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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
64.46
103.34
4 important support areas can be observed.
- A support zone ranging from 88.90 to 89.85. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @86.37 from a horizontal line in the daily time frame.
- Support @67.89 from a trend line in the weekly time frame.
- Support @65.11 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 102.32 to 102.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The short term trend for ANET is up. |
| ChartMill Relative Strength | 87.37 | POSITIVE | ANET has a high relative strength, it outperformed 87.37% 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) | 62.34 | NEUTRAL | The RSI value for ANET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.75 | POSITIVE | The MACD value suggests ANET has a positive trend. |
| Stochastics (14,3) | 91.65 | OVERBOUGHT | The high Stochastics value suggests ANET may be overbought. |
| Average True Range in percent/ATR (20) | 3.62 | MEDIUM VOLATILITY | The ATR as a percentage value for ANET suggests some volalility. |
| Average Directional Index/ADX (14) | 12.31 | NEGATIVE | The low ADX value for ANET suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
102.31
+2.92 (+2.94%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg2.94%
1 Week11.27%
2 Weeks10.79%
1 Month18.09%
3 Month58.94%
6 Month-11.19%
12 Month11.77%
2 Year152.52%
3 Year336.57%
5 Year679.39%
10 Year1902.64%
15 YearN/A
Volatility
ATR(14)4.05
ATR(20)%3.62%
ATR Inc-8.04%
Range Today2.13
ADR(20)3.44
ADR(20)%3.36%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.37
Mansfield0.08
10 Day High103.13
10 Day Low85.58
20 Day High103.13
20 Day Low85.58
52 Week High133.57
52 Week Low59.43
CS1 End90.57
CR1 Start99.4
Volume & EV
DER(3)0.49%
DER(5)0.77%
Volume12.52M
Volume Incr11.6%
Vol(5)11.47M
Vol(50)10.32M