NETAPP INC (NTAP) Stock Technical Analysis
NASDAQ:NTAP - US64110D1046 - Common Stock
116.47 USD
+1.1 (+0.95%)
116.47 USD
0 (0%)
We assign a technical rating of 8 out of 10 to NTAP. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, NTAP is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month NTAP has a been trading in the 102.13 - 118.24 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
NTAP has an average volume of 1760440 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, NTAP turns out to be only a medium performer in the overall market: it outperformed 51% of all stocks.
NTAP is part of the Technology Hardware, Storage & Peripherals industry. There are 33 other stocks in this industry, NTAP did better than 46% of them.
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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although NTAP 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
76.59
134.45
We found 4 important support areas.
- A support zone ranging from 111.59 to 112.11. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 107.17 to 109.70. 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 @77.36 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 116.58 to 117.22. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @133.12 from a horizontal 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 NTAP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NTAP is up. |
| ChartMill Relative Strength | 51.63 | NEUTRAL | NTAP is not amongst the best or worst performers 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) | 65.24 | NEUTRAL | The RSI value for NTAP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.7 | POSITIVE | The MACD value suggests NTAP has a positive trend. |
| Stochastics (14,3) | 72.84 | NEUTRAL | The Stochastics value for NTAP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.39 | MEDIUM VOLATILITY | The ATR as a percentage value for NTAP suggests some volalility. |
| Average Directional Index/ADX (14) | 23.15 | NEUTRAL | The ADX value for NTAP 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)
116.47
+1.1 (+0.95%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryTechnology Hardware, Storage & Peripherals
Performance
% Chg0.95%
1 Week6.45%
2 Weeks6.7%
1 Month14.18%
3 Month9.62%
6 Month24.21%
12 Month2.01%
2 Year53.49%
3 Year88.31%
5 Year165.67%
10 Year293.48%
15 Year133.92%
Volatility
ATR(14)3.03
ATR(20)%2.39%
ATR Inc15.48%
Range Today1.2
ADR(20)2.76
ADR(20)%2.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS51.63
Mansfield-0.22
10 Day High118.24
10 Day Low105.86
20 Day High118.24
20 Day Low102.13
52 Week High135.45
52 Week Low71.84
CS1 End112.11
CR1 Start116.58
Volume & EV
DER(3)-0.18%
DER(5)1.19%
Volume1.98M
Volume Incr88.09%
Vol(5)3.06M
Vol(50)1.76M