NYSE:ANET • US0404132054
Taking everything into account, ANET scores 6 out of 10 in our technical rating. In the past year, ANET was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
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.
66.43
4 important support areas can be observed.
When analyzing the resistance we notice 4 important areas.
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 | 87.73 | POSITIVE | ANET has a high relative strength, it outperformed 87.73% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ANET is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ANET is below 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) | 48.79 | NEUTRAL | The RSI value for ANET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests ANET has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 52.73 | NEUTRAL | The Stochastics value for ANET is a neutral value. |
| Average True Range in percent/ATR (20) | 5.12 | HIGH VOLATILITY | The high ATR as a percentage value for ANET suggests high volalility. |
| Average Directional Index/ADX (14) | 11.86 | NEGATIVE | The low ADX value for ANET suggests a weak or negative trend. |
132.89
-6.51 (-4.67%)
ChartMill assigns a technical rating of 6 / 10 to ANET.
The current trend direction for ARISTA NETWORKS INC (ANET) is Bearish.
ARISTA NETWORKS INC (ANET) has an RSI value of 48.7937. This indicates that the stock is currently neutral.
The MACD indicator for ARISTA NETWORKS INC (ANET) has a value of -0.0644909, indicating a bearish trend.