NUTANIX INC - A (NTNX) Stock Technical Analysis
NASDAQ:NTNX - Nasdaq - US67059N1081 - Common Stock - Currency: USD
Taking everything into account, NTNX scores 8 out of 10 in our technical rating. In the last year, NTNX was one of the better performers, but we do observe some doubts in the very recent evolution.
NTNX is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
Looking at the yearly performance, NTNX did better than 81% of all other stocks. We also observe that the gains produced by NTNX over the past year are nicely spread over this period.
NTNX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so NTNX is lagging the market slightly.
NTNX has an average volume of 2758050 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
NTNX is part of the Software industry. There are 284 other stocks in this industry, NTNX did better than 68% of them.
NTNX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 73.61, a Stop Loss order could be placed below this zone.
More info and screens
56.83
83.90
4 important support areas can be observed.
- A support zone ranging from 72.13 to 73.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @64.62 from a horizontal line in the daily time frame.
- Support @61.93 from a trend line in the weekly time frame.
- Support @57.40 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- 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 | NEUTRAL | NEUTRAL | The short term trend for NTNX is neutral. |
| ChartMill Relative Strength | 81.46 | POSITIVE | NTNX has a high relative strength, it outperformed 81.46% 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) | 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) | 48.09 | NEUTRAL | The RSI value for NTNX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.43 | NEGATIVE | The MACD value suggests NTNX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 25.32 | NEUTRAL | The Stochastics value for NTNX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.15 | MEDIUM VOLATILITY | The ATR as a percentage value for NTNX suggests some volalility. |
| Average Directional Index/ADX (14) | 18.21 | NEGATIVE | The low ADX value for NTNX suggests a weak or negative 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)
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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 75.59 | 72.12 | 3.47 (4.59%) | 21.78% |
| An entry @75.59. This is a Buy Stop order right above the 10 day high. | An exit @72.12. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.47 points, which is 4.59%. | For a 1.00% total portfolio risk, you can invest 21.78% of your capital in this trade. |
- 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.
74.27
+0.99 (+1.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg1.35%
1 Week2.58%
2 Weeks-1.55%
1 Month-6.88%
3 Month4.58%
6 Month18.78%
12 Month30.64%
2 Year164.78%
3 Year407.66%
5 Year213.31%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.99
ATR(20)%3.15%
ATR Inc8.72%
Range Today1.12
ADR(20)2.28
ADR(20)%3.07%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.46
Mansfield0.8
10 Day High75.58
10 Day Low71.44
20 Day High80.86
20 Day Low71.44
52 Week High83.36
52 Week Low43.35
CS1 End73.61
CR1 Start82.77
Volume & EV
DER(3)0.66%
DER(5)-0.81%
Volume2.00M
Volume Incr-21.11%
Vol(5)2.54M
Vol(50)2.76M