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 4 out of 10 in our technical rating. 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.
ANET has an average volume of 10377700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When comparing the performance of all stocks over the past year, ANET turns out to be only a medium performer in the overall market: it outperformed 69% of all stocks.
ANET is part of the Communications Equipment industry. There are 50 other stocks in this industry, ANET did better than 44% of them.
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.
In the last month ANET has a been trading in the 83.86 - 98.83 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 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
64.35
99.20
3 important support areas can be observed.
- A support zone ranging from 86.37 to 86.58. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @67.35 from a trend line in the weekly time frame.
- Support @65.00 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 92.70 to 94.48. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 97.25 to 98.22. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The short term trend for ANET is neutral. |
| ChartMill Relative Strength | 69.49 | NEUTRAL | ANET is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of ANET is above the rising 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) | 47.4 | NEUTRAL | The RSI value for ANET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.79 | NEGATIVE | The MACD value suggests ANET has a negative trend. |
| Stochastics (14,3) | 52.19 | NEUTRAL | The Stochastics value for ANET is a neutral value. |
| Average True Range in percent/ATR (20) | 3.58 | MEDIUM VOLATILITY | The ATR as a percentage value for ANET suggests some volalility. |
| Average Directional Index/ADX (14) | 11.12 | NEGATIVE | The low ADX value for ANET suggests a weak or negative trend. |
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)
90.24
+0.56 (+0.62%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg0.62%
1 Week-4.21%
2 Weeks-4.95%
1 Month-5.68%
3 Month8.55%
6 Month-20.01%
12 Month7%
2 Year122.73%
3 Year285.07%
5 Year587.45%
10 Year1666.38%
15 YearN/A
Volatility
ATR(14)3.31
ATR(20)%3.58%
ATR Inc21.82%
Range Today2.47
ADR(20)2.94
ADR(20)%3.25%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS69.49
Mansfield-0.81
10 Day High98.83
10 Day Low89
20 Day High98.83
20 Day Low83.86
52 Week High133.57
52 Week Low59.43
CS1 End86.58
CR1 Start92.7
Volume & EV
DER(3)0.17%
DER(5)0.81%
Volume9.16M
Volume Incr-2.33%
Vol(5)8.74M
Vol(50)10.38M