NTCT Technical Analysis - NETSCOUT SYSTEMS INC

Technical Rating and Analysis

We assign a technical rating of 8 out of 10 to NTCT. Although NTCT is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

The long and short term trends are both positive. This is looking good!

NTCT is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month NTCT has a been trading in the 24.56 - 26.93 range, which is quite wide. It is currently trading near the high of this range.

When comparing the yearly performance of all stocks, we notice that NTCT is one of the better performing stocks in the market, outperforming 78% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.

NTCT is an average performer in the Communications Equipment industry, it outperforms 48% of 48 stocks in the same industry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

NETSCOUT SYSTEMS INC / NTCT Weekly stock chart

NETSCOUT SYSTEMS INC / NTCT Daily stock chart

Setup Rating and Analysis

Although NTCT has an excellent technical rating, it does not offer a high quality setup 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

20.14

27.36

3 important support areas can be observed.

A support zone ranging from 25.69 to 26.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 21.54 to 21.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @20.34 from a trend line in the weekly time frame.

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Technical Indicator Signal Analysis

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	78.92	POSITIVE	NTCT has a high relative strength, it outperformed 78.92% 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)	70.08	OVERBOUGHT	The high RSI value suggests NTCT may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.02	NEGATIVE	The MACD value suggests NTCT has a negative trend, although the MACD value is rising.
Stochastics (14,3)	87.83	OVERBOUGHT	The high Stochastics value suggests NTCT may be overbought.
Average True Range in percent/ATR (20)	1.92	LOW VOLATILITY	The low ATR as a percentage value for NTCT suggests low volalility.
Average Directional Index/ADX (14)	41	POSITIVE	The high ADX value value for NTCT suggests a strong trend.