NUTANIX INC - A (NTNX) Stock Technical Analysis
NASDAQ:NTNX - Nasdaq - US67059N1081 - Common Stock - Currency: USD
Taking everything into account, NTNX scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, NTNX has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that NTNX is one of the better performing stocks in the market, outperforming 90% of all stocks. We also observe that the gains produced by NTNX over the past year are nicely spread over this period.
NTNX is one of the better performing stocks in the Software industry, it outperforms 77% of 283 stocks in the same industry.
NTNX is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so NTNX is performing more or less in line with the market.
In the last month NTNX has a been trading in the 71.20 - 83.36 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
NTNX has an average volume of 2746400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Volume is considerably higher in the last couple of days.
NTNX has an excellent technical rating, but the quality of the setup is only medium 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
56.83
83.90
When analyzing the support we can see 5 important areas.
- A support zone ranging from 75.85 to 76.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @64.62 from a horizontal line in the daily time frame.
- Support @60.99 from a trend line in the weekly time frame.
- Support @59.64 from a trend line in the daily time frame.
- Support @57.40 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 77.77 to 78.62. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 82.77 to 83.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 NTNX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NTNX is up. |
| ChartMill Relative Strength | 90.6 | POSITIVE | NTNX has a high relative strength, it outperformed 90.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of NTNX is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NTNX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NTNX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.66 | NEUTRAL | The RSI value for NTNX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.8 | NEGATIVE | The MACD value suggests NTNX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 43.35 | NEUTRAL | The Stochastics value for NTNX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.31 | MEDIUM VOLATILITY | The ATR as a percentage value for NTNX suggests some volalility. |
| Average Directional Index/ADX (14) | 23.02 | NEUTRAL | The ADX value for NTNX 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)
77.72
+0.66 (+0.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.86%
1 Week-1.62%
2 Weeks-6.44%
1 Month7.3%
3 Month10.38%
6 Month14.68%
12 Month48.41%
2 Year177.08%
3 Year431.24%
5 Year227.86%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.55
ATR(20)%3.31%
ATR Inc-23.86%
Range Today2.46
ADR(20)2.45
ADR(20)%3.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.6
Mansfield1.63
10 Day High82.27
10 Day Low72.41
20 Day High83.36
20 Day Low71.2
52 Week High83.36
52 Week Low43.35
CS1 End76.69
CR1 Start77.77
Volume & EV
DER(3)1.51%
DER(5)0.34%
Volume2.41M
Volume Incr78%
Vol(5)4.56M
Vol(50)2.75M