NUTANIX INC - A (NTNX) Stock Technical Analysis
NASDAQ:NTNX - US67059N1081 - Common Stock
67.21 USD
+1.15 (+1.74%)
66.8499 USD
-0.36 (-0.54%)
We assign a technical rating of 0 out of 10 to NTNX. NTNX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
76% of all other stocks performed better in the past year than NTNX.
NTNX has an average volume of 2556860 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
NTNX is an average performer in the Software industry, it outperforms 44% of 280 stocks in the same industry.
NTNX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NTNX is lagging the market.
In the last month NTNX has a been trading in the 62.16 - 76.20 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
NTNX has a poor technical rating and the quality of the setup is also not perfect 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
57.59
79.12
We found 2 important support areas.
- Support @64.74 from a trend line in the weekly time frame.
- A support zone ranging from 58.17 to 58.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @73.91 from a trend line in the daily time frame.
- A resistance zone ranging from 76.80 to 76.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @78.34 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 | DOWN | NEGATIVE | The long term trend for NTNX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NTNX is down. |
| ChartMill Relative Strength | 24.65 | NEGATIVE | NTNX has a low relative strength, it was outperformed by 75.35% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NTNX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NTNX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NTNX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.02 | NEUTRAL | The RSI value for NTNX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests NTNX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 47.26 | NEUTRAL | The Stochastics value for NTNX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.34 | MEDIUM VOLATILITY | The ATR as a percentage value for NTNX suggests some volalility. |
| Average Directional Index/ADX (14) | 29.19 | POSITIVE | The high ADX value value for NTNX 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)
67.21
+1.15 (+1.74%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg1.74%
1 Week-2.3%
2 Weeks-2.14%
1 Month-6.8%
3 Month-12.36%
6 Month-12.59%
12 Month6.36%
2 Year116.11%
3 Year288.5%
5 Year134.1%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.02
ATR(20)%3.34%
ATR Inc171.36%
Range Today1.77
ADR(20)2.01
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
CRS24.65
Mansfield-1.04
10 Day High70.48
10 Day Low62.16
20 Day High76.2
20 Day Low62.16
52 Week High83.36
52 Week Low54.66
CS1 End64.74
CR1 Start73.91
Volume & EV
DER(3)-0.84%
DER(5)-0.08%
Volume4.67M
Volume Incr137.15%
Vol(5)5.67M
Vol(50)2.56M