NETAPP INC (NTAP) Stock Technical Analysis
NASDAQ:NTAP - Nasdaq - US64110D1046 - Common Stock - Currency: USD
Overall NTAP gets a technical rating of 5 out of 10. NTAP has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
When comparing the yearly performance of all stocks, NTAP is a bad performer in the overall market: 76% of all stocks are doing better.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
NTAP has an average volume of 1836870 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
NTAP is an average performer in the Technology Hardware, Storage & Peripherals industry, it outperforms 45% of 32 stocks in the same industry.
NTAP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NTAP is lagging the market.
In the last month NTAP has a been trading in the 100.56 - 110.32 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
NTAP has an average technical rating and the quality of the presented setup is also not ideal 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
76.42
109.45
When analyzing the support we can see 4 important areas.
- Support @107.61 from a horizontal line in the daily time frame.
- A support zone ranging from 103.26 to 105.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 100.49 to 101.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @77.19 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 108.37 to 108.37. 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 NTAP is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NTAP is up. |
| ChartMill Relative Strength | 24.28 | NEGATIVE | NTAP has a low relative strength, it was outperformed by 75.72% 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) | UP | POSITIVE | The current price of NTAP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of NTAP is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.74 | NEUTRAL | The RSI value for NTAP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests NTAP has a positive trend. |
| Stochastics (14,3) | 81.67 | OVERBOUGHT | The high Stochastics value suggests NTAP may be overbought. |
| Average True Range in percent/ATR (20) | 2.14 | MEDIUM VOLATILITY | The ATR as a percentage value for NTAP suggests some volalility. |
| Average Directional Index/ADX (14) | 11.06 | NEGATIVE | The low ADX value for NTAP 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)
107.78
+1.9 (+1.79%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryTechnology Hardware, Storage & Peripherals
Performance
% Chg1.79%
1 Week5.66%
2 Weeks1.6%
1 Month4.17%
3 Month7.21%
6 Month-9.47%
12 Month-17.41%
2 Year40.52%
3 Year49.42%
5 Year127.43%
10 Year237.23%
15 Year166.91%
Volatility
ATR(14)2.22
ATR(20)%2.14%
ATR Inc-8.53%
Range Today1.77
ADR(20)2.14
ADR(20)%1.99%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.28
Mansfield-1.06
10 Day High108.05
10 Day Low100.56
20 Day High110.32
20 Day Low100.56
52 Week High135.45
52 Week Low71.84
CS1 End107.61
CR1 Start108.37
Volume & EV
DER(3)0.8%
DER(5)-0.03%
Volume1.56M
Volume Incr-3.12%
Vol(5)1.43M
Vol(50)1.84M