ARISTA NETWORKS INC (ANET) Stock Technical Analysis
NYSE:ANET - New York Stock Exchange, Inc. - US0404132054 - Common Stock - Currency: USD
Taking everything into account, ANET scores 9 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.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
When comparing the yearly performance of all stocks, we notice that ANET is one of the better performing stocks in the market, outperforming 81% of all stocks. On top of that, ANET also shows a nice and consistent pattern of rising prices.
ANET is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
ANET has an average volume of 11170700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ANET is an average performer in the Communications Equipment industry, it outperforms 58% of 49 stocks in the same industry.
ANET is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ANET is lagging the market slightly.
ANET has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 96.42. Right above this resistance zone may be a good entry point.
More info and screens
65.61
99.20
We found 2 important support areas.
- A support zone ranging from 95.66 to 95.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @66.27 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 96.42 to 96.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @98.22 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.56
Mansfield-0.15
10 Day High99.47
10 Day Low82.8
20 Day High99.47
20 Day Low70.36
52 Week High133.57
52 Week Low59.43
Performance
1 Week-1.62%
2 Weeks5.4%
1 Month39.32%
3 Month-2.68%
6 Month-5.86%
12 Month24.83%
2 Year130.06%
3 Year274.15%
5 Year555.67%
10 Year2089.56%
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.95
RSI(14)64.74
LBB84.04
UBB100.66
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 96.61 | 95.65 | 0.96 (0.99%) | 25.00% |
| An entry @96.61. This is a Buy Stop order right above the resistance zone. | An exit @95.65. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.96 points, which is 0.99%. | For a 0.25% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ANET. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
95.67
-1.03 (-1.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg-1.07%
1 Week-1.62%
2 Weeks5.4%
1 Month39.32%
3 Month-2.68%
6 Month-5.86%
12 Month24.83%
2 Year130.06%
3 Year274.15%
5 Year555.67%
10 Year2089.56%
15 YearN/A
Volatility
ATR(14)4.08
ATR(20)%4.24%
ATR Inc-37.59%
Range Today1.29
ADR(20)3.1
ADR(20)%3.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.56
Mansfield-0.15
10 Day High99.47
10 Day Low82.8
20 Day High99.47
20 Day Low70.36
52 Week High133.57
52 Week Low59.43
CS1 End95.66
CR1 Start96.42
Volume & EV
DER(3)0.99%
DER(5)0.62%
Volume5.88M
Volume Incr-30.55%
Vol(5)7.59M
Vol(50)11.17M