ARISTA NETWORKS INC (ANET) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ANET - US0404132054 - Common Stock
Taking everything into account, ANET scores 0 out of 10 in our technical rating. ANET scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The technical rating of ANET is bad and it also does not present a 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
65.98
When analyzing the support we can see 2 important areas.
- A support zone ranging from 117.43 to 117.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @66.65 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 129.58 to 134.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @137.20 from a horizontal line in the daily time frame.
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 | 22.6 | NEGATIVE | ANET has a low relative strength, it was outperformed by 77.4% 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 | POSITIVE | The current price of ANET is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 39.2 | NEUTRAL | The RSI value for ANET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.54 | NEGATIVE | The MACD value suggests ANET has a negative trend. |
| Stochastics (14,3) | 17.56 | OVERSOLD | The low Stochastics value suggests ANET may be oversold. |
| Average True Range in percent/ATR (20) | 3.78 | MEDIUM VOLATILITY | The ATR as a percentage value for ANET suggests some volalility. |
| Average Directional Index/ADX (14) | 15.78 | NEGATIVE | The low ADX value for ANET suggests a weak or negative trend. |
122.89
-0.83 (-0.67%)
ARISTA NETWORKS INC / ANET FAQ
What is the ChartMill technical rating of ARISTA NETWORKS INC (ANET) stock?
ChartMill assigns a technical rating of 0 / 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 ANET stock?
ARISTA NETWORKS INC (ANET) has an RSI value of 39.2008. This indicates that the stock is currently neutral.
What is the MACD signal for ARISTA NETWORKS INC (ANET) stock?
The MACD indicator for ARISTA NETWORKS INC (ANET) has a value of -0.54391, indicating a bearish trend.