NYSE:ANET • US0404132054
Overall ANET gets a technical rating of 7 out of 10. In the last year, ANET was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
ANET has an excellent technical rating, but the quality of the setup is only medium 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.
121.13
We found 2 important support areas.
When analyzing the resistance we notice one important 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 | UP | POSITIVE | The long term trend for ANET is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ANET is up. |
| ChartMill Relative Strength | 78.12 | POSITIVE | ANET has a high relative strength, it outperformed 78.12% 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) | 54.32 | NEUTRAL | The RSI value for ANET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ANET has a positive trend. |
| Stochastics (14,3) | 62.92 | NEUTRAL | The Stochastics value for ANET is a neutral value. |
| Average True Range in percent/ATR (20) | 4.94 | MEDIUM VOLATILITY | The ATR as a percentage value for ANET suggests some volalility. |
| Average Directional Index/ADX (14) | 18.91 | NEGATIVE | The low ADX value for ANET suggests a weak or negative trend. |
140.66
-2.79 (-1.94%)
ChartMill assigns a technical rating of 7 / 10 to ANET.
The current trend direction for ARISTA NETWORKS INC (ANET) is Bullish.
ARISTA NETWORKS INC (ANET) has an RSI value of 54.3181. This indicates that the stock is currently neutral.
The MACD indicator for ARISTA NETWORKS INC (ANET) has a value of 0.0245044, indicating a bearish trend.
The buy/sell signal for ARISTA NETWORKS INC (ANET) is buy as both the short term and long term trends are positive.