NUTANIX INC - A (NTNX)

US67059N1081 - Common Stock

61.93  -1.79 (-2.81%)

After market: 61.6 -0.33 (-0.53%)

Technical Rating and Analysis

10

Overall NTNX gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NTNX is showing a nice and steady performance.

The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that NTNX is one of the better performing stocks in the market, outperforming 96% of all stocks. We also observe that the gains produced by NTNX over the past year are nicely spread over this period.
NTNX is part of the Software industry. There are 279 other stocks in this industry. NTNX outperforms 93% of them.
NTNX 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.
NTNX has an average volume of 2955850 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 60.38 - 66.99 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Weekly and Daily overview Charts
NTNX Weekly chart
NTNX Daily chart
Setup Rating and Analysis

8

Besides having an excellent technical rating, NTNX also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 65.85. Right above this resistance zone may be a good entry point.

Support and Resistance Analysis

34.24

66.51

We found 5 important support areas.

  • A support zone ranging from 61.65 to 61.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A support zone ranging from 58.13 to 58.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @54.42 from a horizontal line in the daily time frame.
  • Support @44.92 from a trend line in the weekly time frame.
  • Support @34.59 from a trend line in the weekly time frame.

We found 1 important resistance area.

  • A resistance zone ranging from 65.85 to 65.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.67
Mansfield3.79
10 Day High66.37
10 Day Low61.04
20 Day High66.99
20 Day Low60.38
52 Week High66.99
52 Week Low23.35
Performance
1 Week-1.34%
2 Weeks-4.34%
1 Month4.89%
3 Month29.86%
6 Month77.55%
12 Month138.28%
2 Year130.91%
3 Year133.17%
5 Year64.1%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.47
RSI(14)49.94
LBB61.53
UBB65.72
Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
63.3161.641.67 (2.63%)25.00%
An entry @63.31. This is a Buy Stop order right above the 10 day moving average.An exit @61.64. This is a Stop Loss order right below the support zone.The trade has a worst case loss of 1.67 points, which is 2.63%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.66%.

  • The distance between exit and entry is rather small compared to the average daily movement of NTNX. Please evaluate whether better entry and exit points can be found.
  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NTNX Daily chart

NUTANIX INC - A

NASDAQ:NTNX (3/27/2024, 8:00:01 PM)

After market: 61.6 -0.33 (-0.53%)

61.93

-1.79 (-2.81%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-2.81%
1 Week-1.34%
2 Weeks-4.34%
1 Month4.89%
3 Month29.86%
6 Month77.55%
12 Month138.28%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)2.29
ATR(20)%3.93%
ATR Inc
Range Today3.65
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High66.37
10 Day Low61.04
20 Day High66.99
20 Day Low60.38
52 Week High66.99
52 Week Low23.35
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume2.22M
Volume Incr-19.6%
Vol(5)2.67M
Vol(50)2.96M