ARISTA NETWORKS INC (ANET) Technical Analysis
NYSE:ANET • US0404132054
Current stock price
ANET Technical Rating and Analysis
Overall ANET gets a technical rating of 4 out of 10. Although ANET is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- In the last month ANET has a been trading in the 120.34 - 141.77 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- When comparing the yearly performance of all stocks, we notice that ANET is one of the better performing stocks in the market, outperforming 85% of all stocks.
- ANET has an average volume of 8034580 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!
- ANET is an average performer in the Communications Equipment industry, it outperforms 57% of 48 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 Weekly and Daily overview Charts
ANET Setup Rating and Analysis
ANET has an average technical rating and it also does not offer a high 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.
More info and screens
ANET Support and Resistance Analysis
119.55
We found 1 important support area.
- A support zone ranging from 120.76 to 120.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 131.70 to 136.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @142.16 from a trend line in the daily time frame.
ANET Technical Indicator Signal Analysis
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 | 85.17 | POSITIVE | ANET has a high relative strength, it outperformed 85.17% 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 | MIXED | The current price of ANET is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 38.74 | NEUTRAL | The RSI value for ANET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.32 | NEGATIVE | The MACD value suggests ANET has a negative trend. |
| Stochastics (14,3) | 16.56 | OVERSOLD | The low Stochastics value suggests ANET may be oversold. |
| Average True Range in percent/ATR (20) | 5.07 | HIGH VOLATILITY | The high ATR as a percentage value for ANET suggests high volalility. |
| Average Directional Index/ADX (14) | 13.16 | NEGATIVE | The low ADX value for ANET suggests a weak or negative trend. |
ANET Chart- and CandleStick Pattern Analysis
ANET Technicals: Chart, Performance Metrics, Trend & Indicators
120.77
-1.78 (-1.45%)
ARISTA NETWORKS INC / ANET TA FAQ
What is the ChartMill technical rating of ARISTA NETWORKS INC (ANET) stock?
ChartMill assigns a technical rating of 4 / 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 38.7351. 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 -1.32495, indicating a bearish trend.