NUTANIX INC - A (NTNX) Technical Analysis
NASDAQ:NTNX • US67059N1081
Current stock price
NTNX Technical Rating and Analysis
Taking everything into account, NTNX scores 0 out of 10 in our technical rating. NTNX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, NTNX is a bad performer in the overall market: 91% of all stocks are doing better.
- NTNX is part of the Software industry. There are 278 other stocks in this industry, of which 61% are performing better than NTNX.
- NTNX is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so NTNX is lagging the market.
- In the last month NTNX has a been trading in the 37.20 - 42.25 range, which is quite wide. It is currently trading near the lows of this range.
- NTNX has an average volume of 5221070 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
NTNX Weekly and Daily overview Charts
NTNX Setup Rating and Analysis
Although the technical rating is bad, NTNX does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 36.86, a Stop Loss order could be placed below this zone.
More info and screens
NTNX Support and Resistance Analysis
36.48
When analyzing the support we notice one important area.
- A support zone ranging from 36.85 to 36.86. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- Resistance @38.84 from a trend line in the daily time frame.
- A resistance zone ranging from 39.83 to 40.49. 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 41.71 to 41.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @73.40 from a trend line in the weekly time frame.
NTNX 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 | 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 | 9.22 | NEGATIVE | NTNX has a low relative strength, it was outperformed by 90.78% 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) | 39.15 | NEUTRAL | The RSI value for NTNX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests NTNX has a negative trend. |
| Stochastics (14,3) | 26.85 | NEUTRAL | The Stochastics value for NTNX is a neutral value. |
| Average True Range in percent/ATR (20) | 4.44 | MEDIUM VOLATILITY | The ATR as a percentage value for NTNX suggests some volalility. |
| Average Directional Index/ADX (14) | 18.54 | NEGATIVE | The low ADX value for NTNX suggests a weak or negative trend. |
NTNX Chart- and CandleStick Pattern Analysis
NTNX Technicals: Chart, Performance Metrics, Trend & Indicators
37.61
-1.84 (-4.66%)
NUTANIX INC - A / NTNX TA FAQ
What is the technical rating for NTNX stock?
ChartMill assigns a technical rating of 0 / 10 to NTNX.
What is the current trend direction of NUTANIX INC - A (NTNX) stock?
The current trend direction for NUTANIX INC - A (NTNX) is Bearish.
What is the RSI signal for NTNX stock?
NUTANIX INC - A (NTNX) has an RSI value of 39.1502. This indicates that the stock is currently neutral.
Can you provide the MACD signal for NUTANIX INC - A?
The MACD indicator for NUTANIX INC - A (NTNX) has a value of -0.0546192, indicating a bearish trend.
Can you provide the buy/sell signal for NUTANIX INC - A?
The buy/sell signal for NUTANIX INC - A (NTNX) is sell as both the short term and long term trends are negative.