ARISTA NETWORKS INC (ANET) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ANET - US0404132054 - Common Stock
Overall ANET gets a technical rating of 1 out of 10. ANET has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
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.
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65.65
2 important support areas can be observed.
- 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 @66.31 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 125.05 to 125.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | 71.03 | POSITIVE | ANET has a high relative strength, it outperformed 71.03% 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) | 38.36 | NEUTRAL | The RSI value for ANET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.41 | NEGATIVE | The MACD value suggests ANET has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 22.66 | NEUTRAL | The Stochastics value for ANET is a neutral value. |
| Average True Range in percent/ATR (20) | 5.21 | HIGH VOLATILITY | The high ATR as a percentage value for ANET suggests high volalility. |
| Average Directional Index/ADX (14) | 25.15 | POSITIVE | The high ADX value value for ANET suggests a strong trend. |
125.04
+2.87 (+2.35%)
ARISTA NETWORKS INC / ANET FAQ
What is the ChartMill technical rating of ARISTA NETWORKS INC (ANET) stock?
ChartMill assigns a technical rating of 1 / 10 to ANET.
What is the trend direction for 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 38.3559. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ARISTA NETWORKS INC?
The MACD indicator for ARISTA NETWORKS INC (ANET) has a value of -1.41243, indicating a bearish trend.
Can you provide the short term momentum for ARISTA NETWORKS INC?
The short term momentum for ARISTA NETWORKS INC (ANET) is negative.