NETSCOUT SYSTEMS INC (NTCT) Stock Technical Analysis
NASDAQ:NTCT - Nasdaq - US64115T1043 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to NTCT. Both in the recent history as in the last year, NTCT has proven to be a steady performer, scoring decent points in every aspect analyzed.
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 83% of all stocks. We also observe that the gains produced by NTCT over the past year are nicely spread over this period.
NTCT is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
NTCT is part of the Communications Equipment industry. There are 49 other stocks in this industry, NTCT did better than 52% of them.
NTCT is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NTCT is lagging the market slightly.
NTCT has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 23.30, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
19.12
25.31
3 important support areas can be observed.
- A support zone ranging from 22.83 to 23.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @19.67 from a trend line in the weekly time frame.
- Support @19.31 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @24.23 from a horizontal line in the weekly time frame.
- Resistance @25.06 from a horizontal line in the daily 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 | 83 | POSITIVE | NTCT has a high relative strength, it outperformed 83% 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) | 60.07 | NEUTRAL | The RSI value for NTCT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests NTCT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 51.73 | NEUTRAL | The Stochastics value for NTCT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.56 | MEDIUM VOLATILITY | The ATR as a percentage value for NTCT suggests some volalility. |
| Average Directional Index/ADX (14) | 21.8 | NEUTRAL | The ADX value for NTCT 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)
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 |
|---|---|---|---|
| 24.24 | 22.82 | 1.42 (5.86%) | 17.07% |
| An entry @24.24. This is a Buy Stop order right above the resistance zone. | An exit @22.82. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.42 points, which is 5.86%. | For a 1.00% total portfolio risk, you can invest 17.07% of your capital in this trade. |
- 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.
23.32
+0.1 (+0.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg0.43%
1 Week2.1%
2 Weeks0.17%
1 Month8.16%
3 Month8.82%
6 Month4.86%
12 Month24.37%
2 Year-24.65%
3 Year-31.11%
5 Year-8.76%
10 Year-36.41%
15 Year63.99%
Volatility
ATR(14)0.51
ATR(20)%2.56%
ATR Inc-27.27%
Range Today0.48
ADR(20)0.55
ADR(20)%2.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83
Mansfield0.53
10 Day High23.69
10 Day Low22.64
20 Day High23.81
20 Day Low21.42
52 Week High27.89
52 Week Low17.1
CS1 End23.3
CR1 Start24.23
Volume & EV
DER(3)-0.12%
DER(5)-0.65%
Volume424.90K
Volume Incr-9.49%
Vol(5)401.26K
Vol(50)440.55K