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.
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.
64.46
4 important support areas can be observed.
We found 1 important resistance area.
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. |
102.31
+2.92 (+2.94%)