ARISTA NETWORKS INC (ANET) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ANET - US0404132054 - Common Stock
Taking everything into account, ANET scores 2 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.
- 67% of all other stocks performed better in the past year than ANET.
- ANET has an average volume of 7745810 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- ANET is an average performer in the Communications Equipment industry, it outperforms 48% of 48 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.
- In the last month ANET has a been trading in the 120.00 - 141.41 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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
66.03
When analyzing the support we can see 4 important areas.
- Support @124.41 from a trend line in the daily time frame.
- Support @122.36 from a horizontal line in the daily time frame.
- 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 @66.70 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 129.85 to 133.61. 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 | NEUTRAL | NEUTRAL | The short term trend for ANET is neutral. |
| ChartMill Relative Strength | 33.49 | NEUTRAL | ANET is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ANET is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ANET is above 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) | 50.39 | NEUTRAL | The RSI value for ANET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ANET has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 39.72 | NEUTRAL | The Stochastics value for ANET is a neutral value. |
| Average True Range in percent/ATR (20) | 3.59 | MEDIUM VOLATILITY | The ATR as a percentage value for ANET suggests some volalility. |
| Average Directional Index/ADX (14) | 14.54 | NEGATIVE | The low ADX value for ANET suggests a weak or negative trend. |
129.83
-0.76 (-0.58%)
ARISTA NETWORKS INC / ANET FAQ
What is the ChartMill technical rating of ARISTA NETWORKS INC (ANET) stock?
ChartMill assigns a technical rating of 2 / 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 50.3903. 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 -0.00929148, indicating a bearish trend.