ARISTA NETWORKS INC (ANET)

US0404131064 - Common Stock

251.18  +5.71 (+2.33%)

Premarket: 256.28 +5.1 (+2.03%)

Technical Rating and Analysis

3

We assign a technical rating of 3 out of 10 to ANET. 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.

In the last month ANET has a been trading in the 240.32 - 305.50 range, which is quite wide. It is currently trading near the lows of this range.
Looking at the yearly performance, ANET did better than 87% of all other stocks.
ANET is one of the better performing stocks in the Communications Equipment industry, it outperforms 90% of 54 stocks in the same industry.
ANET has an average volume of 2783380 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
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.
Weekly and Daily overview Charts
ANET Weekly chart
ANET Daily chart
Setup Rating and Analysis

4

ANET has a poor technical rating and the quality of the setup is also not perfect 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.

Support and Resistance Analysis

212.42

253.69

We found 2 important support areas.

  • A support zone ranging from 245.46 to 246.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @214.57 from a trend line in the weekly time frame.

Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.67
Mansfield0.88
10 Day High297.67
10 Day Low240.32
20 Day High305.5
20 Day Low240.32
52 Week High307.74
52 Week Low131.68
Performance
1 Week-4.41%
2 Weeks-14.78%
1 Month-17.78%
3 Month-5%
6 Month42.56%
12 Month56.83%
2 Year117.34%
3 Year218.79%
5 Year221.73%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-5.12
RSI(14)35.65
LBB233.89
UBB311.78
ANET Daily chart

ARISTA NETWORKS INC

NYSE:ANET (4/23/2024, 7:04:00 PM)

Premarket: 256.28 +5.1 (+2.03%)

251.18

+5.71 (+2.33%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg2.33%
1 Week-4.41%
2 Weeks-14.78%
1 Month-17.78%
3 Month-5%
6 Month42.56%
12 Month56.83%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)10.83
ATR(20)%4.32%
ATR Inc
Range Today7.62
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High297.67
10 Day Low240.32
20 Day High305.5
20 Day Low240.32
52 Week High307.74
52 Week Low131.68
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume2.30M
Volume Incr4.22%
Vol(5)2.63M
Vol(50)2.78M