ARISTA NETWORKS INC (ANET) Stock Technical Analysis
NYSE:ANET - New York Stock Exchange, Inc. - US0404132054 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to ANET. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ANET is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that ANET is one of the better performing stocks in the market, outperforming 90% of all stocks.
ANET is one of the better performing stocks in the Communications Equipment industry, it outperforms 72% of 48 stocks in the same industry.
ANET is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ANET is lagging the market slightly.
In the last month ANET has a been trading in the 97.14 - 115.10 range, which is quite wide. It is currently trading near the high of this range.
ANET has an average volume of 9136360 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although ANET has an excellent technical rating, it does not present a decent entry opportunity 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
68.02
115.42
When analyzing the support we can see 3 important areas.
- A support zone ranging from 96.20 to 96.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @86.37 from a horizontal line in the daily time frame.
- Support @68.71 from a trend line in the weekly time frame.
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 | 90.94 | POSITIVE | ANET has a high relative strength, it outperformed 90.94% 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) | 69.82 | NEUTRAL | The RSI value for ANET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.32 | POSITIVE | The MACD value suggests ANET has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 95.87 | OVERBOUGHT | The high Stochastics value suggests ANET may be overbought. |
| Average True Range in percent/ATR (20) | 2.88 | MEDIUM VOLATILITY | The ATR as a percentage value for ANET suggests some volalility. |
| Average Directional Index/ADX (14) | 20.36 | NEUTRAL | The ADX value for ANET suggests a possible start of a new 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)
114.28
+0.24 (+0.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg0.21%
1 Week2.24%
2 Weeks5.26%
1 Month12.49%
3 Month46.68%
6 Month-11.53%
12 Month43.2%
2 Year194.75%
3 Year291.94%
5 Year603.88%
10 Year2064.65%
15 YearN/A
Volatility
ATR(14)3.2
ATR(20)%2.88%
ATR Inc-49.11%
Range Today1.55
ADR(20)3.12
ADR(20)%2.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.94
Mansfield0.83
10 Day High115.1
10 Day Low104.68
20 Day High115.1
20 Day Low97.14
52 Week High133.57
52 Week Low59.43
CS1 End96.87
CR1 StartN/A
Volume & EV
DER(3)0.41%
DER(5)0.15%
Volume4.87M
Volume Incr-36.41%
Vol(5)6.43M
Vol(50)9.14M