NASDAQ:NTAP • US64110D1046
Taking everything into account, NTAP scores 1 out of 10 in our technical rating. NTAP's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, NTAP does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.
93.17
We found 3 important support areas.
5 important resistance areas can be observed.
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 | DOWN | NEGATIVE | The long term trend for NTAP is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NTAP is neutral. |
| ChartMill Relative Strength | 27.83 | NEGATIVE | NTAP has a low relative strength, it was outperformed by 72.17% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NTAP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NTAP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of NTAP is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.79 | NEUTRAL | The RSI value for NTAP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.26 | POSITIVE | The MACD value suggests NTAP has a positive trend. |
| Stochastics (14,3) | 45.22 | NEUTRAL | The Stochastics value for NTAP is a neutral value. |
| Average True Range in percent/ATR (20) | 3.31 | MEDIUM VOLATILITY | The ATR as a percentage value for NTAP suggests some volalility. |
| Average Directional Index/ADX (14) | 21.9 | NEUTRAL | The ADX value for NTAP suggests a possible start of a new trend. |
101.88
+2.01 (+2.01%)
ChartMill assigns a technical rating of 1 / 10 to NTAP.
The current trend direction for NETAPP INC (NTAP) is Bearish.
NETAPP INC (NTAP) has an RSI value of 49.7899. This indicates that the stock is currently neutral.
The MACD indicator for NETAPP INC (NTAP) has a value of 0.26334, indicating a bearish trend.
The short term momentum for NETAPP INC (NTAP) is neutral.