115.99 USD
+1.33 (+1.16%)
115.99 USD
0 (0%)
We assign a technical rating of 4 out of 10 to NTAP. In the last year, NTAP was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
When comparing the yearly performance of all stocks, NTAP is a bad performer in the overall market: 73% 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 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 NTAP is lagging the market slightly.
In the last month NTAP has a been trading in the 102.58 - 116.54 range, which is quite wide. It is currently trading near the high of this range.
NTAP has an average volume of 2010710 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
NTAP is part of the Technology Hardware, Storage & Peripherals industry. There are 35 other stocks in this industry, NTAP did better than 50% of them.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
NTAP has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
99.49
134.45
We found 3 important support areas.
- Support @107.30 from a horizontal line in the weekly time frame.
- A support zone ranging from 103.24 to 104.78. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @100.49 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 124.14 to 126.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | 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 | 27.89 | NEGATIVE | NTAP has a low relative strength, it was outperformed by 72.11% 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 | MIXED | The current price of NTAP is above a declining 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) | 57.45 | NEUTRAL | The RSI value for NTAP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.19 | POSITIVE | The MACD value suggests NTAP has a positive trend. |
| Stochastics (14,3) | 92.5 | OVERBOUGHT | The high Stochastics value suggests NTAP may be overbought. |
| Average True Range in percent/ATR (20) | 3.09 | MEDIUM VOLATILITY | The ATR as a percentage value for NTAP suggests some volalility. |
| Average Directional Index/ADX (14) | 27.44 | POSITIVE | The high ADX value value for NTAP suggests a strong 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)
115.99
+1.33 (+1.16%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryTechnology Hardware, Storage & Peripherals
Performance
% Chg1.16%
1 Week6.17%
2 Weeks9.15%
1 Month0.26%
3 Month-2.32%
6 Month9.17%
12 Month-11.53%
2 Year31.57%
3 Year93.12%
5 Year75.11%
10 Year337.2%
15 Year111.04%
Volatility
ATR(14)3.89
ATR(20)%3.09%
ATR Inc-37.24%
Range Today2.26
ADR(20)3.47
ADR(20)%2.99%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS27.89
3 months CRS33.64
6 months CRS60.77
Mansfield-0.37
10 Day High116.54
10 Day Low102.59
20 Day High116.54
20 Day Low102.59
52 Week High131
52 Week Low71.84
CS1 End107.3
CR1 Start124.14
Volume & EV
DER(3)0.84%
DER(5)1.29%
Volume1.39M
Volume Incr-12.97%
Vol(5)2.00M
Vol(50)2.01M
NETAPP INC / NTAP FAQ
What is the ChartMill technical rating of NETAPP INC (NTAP) stock?
ChartMill assigns a technical rating of 4 / 10 to NTAP.
What is the trend direction for NTAP stock?
The current trend direction for NETAPP INC (NTAP) is Bearish.
Can you provide the RSI signal for NETAPP INC?
NETAPP INC (NTAP) has an RSI value of 57.4527. This indicates that the stock is currently neutral.
Can you provide the MACD signal for NETAPP INC?
The MACD indicator for NETAPP INC (NTAP) has a value of 1.18868, indicating a bullish trend.
Can you provide the short term momentum for NETAPP INC?
The short term momentum for NETAPP INC (NTAP) is positive.