NUTANIX INC - A (NTNX) Stock Technical Analysis
NASDAQ:NTNX • US67059N1081
We assign a technical rating of 0 out of 10 to NTNX. 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.
- 91% of all other stocks performed better in the past year than NTNX.
- NTNX is one of the lesser performing stocks in the Software industry. 62% of 276 stocks in the same industry do better.
- NTNX is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- NTNX has an average volume of 5153500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month NTNX has a been trading in the 35.39 - 42.85 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 bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 41.77. Right above this resistance zone may be a good entry point.
More info and screens
36.48
We found 1 important support area.
- Support @36.85 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 41.77 to 41.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @42.92 from a trend line in the weekly time frame.
- Resistance @57.04 from a trend line in the daily time frame.
- Resistance @74.23 from a trend line in the weekly time frame.
- Resistance @83.07 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 | 9.55 | NEGATIVE | NTNX has a low relative strength, it was outperformed by 90.45% 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) | 38.86 | NEUTRAL | The RSI value for NTNX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests NTNX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 39.8 | NEUTRAL | The Stochastics value for NTNX is a neutral value. |
| Average True Range in percent/ATR (20) | 5.34 | HIGH VOLATILITY | The high ATR as a percentage value for NTNX suggests high volalility. |
| Average Directional Index/ADX (14) | 37.39 | POSITIVE | The high ADX value value for NTNX suggests a strong trend. |
38.28
-1.69 (-4.23%)
NUTANIX INC - A / NTNX 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 38.8573. 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 0.174455, 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.