NETSCOUT SYSTEMS INC (NTCT) Stock Technical Analysis
USA - NASDAQ:NTCT - US64115T1043 - Common Stock
25.1 USD
-0.7 (-2.71%)
25.01 USD
-0.09 (-0.36%)
Taking everything into account, NTCT scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NTCT is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that NTCT is one of the better performing stocks in the market, outperforming 76% of all stocks. On top of that, NTCT also shows a nice and consistent pattern of rising prices.
NTCT 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 NTCT is lagging the market slightly.
In the last month NTCT has a been trading in the 22.24 - 25.82 range, which is quite wide. It is currently trading near the high of this range.
NTCT is an average performer in the Communications Equipment industry, it outperforms 44% of 48 stocks in the same industry.
Although NTCT has an excellent technical rating, the quality of the presented setup is 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
20.02
25.36
When analyzing the support we can see 4 important areas.
- A support zone ranging from 24.64 to 24.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 23.10 to 23.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 21.29 to 21.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @20.22 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @25.11 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 NTCT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NTCT is up. |
| ChartMill Relative Strength | 76.65 | POSITIVE | NTCT has a high relative strength, it outperformed 76.65% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NTCT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NTCT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NTCT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.62 | NEUTRAL | The RSI value for NTCT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests NTCT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.61 | OVERBOUGHT | The high Stochastics value suggests NTCT may be overbought. |
| Average True Range in percent/ATR (20) | 2.13 | MEDIUM VOLATILITY | The ATR as a percentage value for NTCT suggests some volalility. |
| Average Directional Index/ADX (14) | 31.91 | POSITIVE | The high ADX value value for NTCT 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 25.12 | 24.63 | 0.49 (1.95%) | 25.00% |
| An entry @25.12. This is a Buy Stop order right above the resistance zone. | An exit @24.63. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.49 points, which is 1.95%. | For a 0.49% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of NTCT. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
25.1
-0.7 (-2.71%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg-2.71%
1 Week0.97%
2 Weeks0.08%
1 Month12.1%
3 Month7.96%
6 Month21.08%
12 Month28.32%
2 Year-10.42%
3 Year-19.86%
5 Year14.98%
10 Year-29.04%
15 Year22.38%
Volatility
ATR(14)0.59
ATR(20)%2.13%
ATR Inc45.48%
Range Today0.55
ADR(20)0.49
ADR(20)%1.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.65
Mansfield0.19
10 Day High25.82
10 Day Low24.27
20 Day High25.82
20 Day Low22.24
52 Week High27.89
52 Week Low18.12
CS1 End24.99
CR1 Start25.11
Volume & EV
DER(3)0.59%
DER(5)0.74%
Volume457.20K
Volume Incr2.86%
Vol(5)606.86K
Vol(50)656.08K