ARISTA NETWORKS INC (ANET) Technical Analysis
NYSE:ANET • US0404132054
Taking everything into account, ANET scores 6 out of 10 in our technical rating. 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.
- When comparing the yearly performance of all stocks, we notice that ANET is one of the better performing stocks in the market, outperforming 89% of all stocks.
- ANET is one of the better performing stocks in the Communications Equipment industry, it outperforms 70% of 48 stocks in the same industry.
- ANET is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ANET is lagging the market slightly.
- ANET has an average volume of 7990020 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!
- In the last month ANET has a been trading in the 122.37 - 148.77 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ANET has an average technical rating and the quality of the presented setup is also not ideal 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
121.65
3 important support areas can be observed.
- A support zone ranging from 134.22 to 135.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @129.13 from a trend line in the weekly time frame.
- A support zone ranging from 122.88 to 124.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @145.28 from a trend line in the daily time frame.
- Resistance @150.16 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 | 89.25 | POSITIVE | ANET has a high relative strength, it outperformed 89.25% 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) | 54.58 | NEUTRAL | The RSI value for ANET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests ANET has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 40.05 | NEUTRAL | The Stochastics value for ANET is a neutral value. |
| Average True Range in percent/ATR (20) | 4.82 | MEDIUM VOLATILITY | The ATR as a percentage value for ANET suggests some volalility. |
| Average Directional Index/ADX (14) | 12.24 | NEGATIVE | The low ADX value for ANET suggests a weak or negative trend. |
ANET Technicals: Chart, Performance Metrics, Trend & Indicators
139.4
+4.57 (+3.39%)
ARISTA NETWORKS INC / ANET FAQ
What is the ChartMill technical rating of ARISTA NETWORKS INC (ANET) stock?
ChartMill assigns a technical rating of 6 / 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 54.5812. 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 -0.0957544, indicating a bearish trend.