NTNX Technical Analysis - NUTANIX INC - A

Technical Rating and Analysis

Taking everything into account, NTNX scores 0 out of 10 in our technical rating. NTNX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

66% of all other stocks performed better in the past year than NTNX.

In the last month NTNX has a been trading in the 65.84 - 78.45 range, which is quite wide. It is currently trading near the lows of this range.

NTNX has an average volume of 4167600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The short term trend is negative, the long term trend is neutral. Not much exciting going on here.

NTNX is an average performer in the Software industry, it outperforms 57% of 285 stocks in the same industry.

NTNX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NTNX is lagging the market.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

NUTANIX INC - A / NTNX Weekly stock chart

NUTANIX INC - A / NTNX Daily stock chart

Setup Rating and Analysis

NTNX has a poor technical rating and the quality of the setup is also not perfect 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

57.59

83.90

When analyzing the support we can see 2 important areas.

Support @67.52 from a trend line in the weekly time frame.
A support zone ranging from 58.17 to 58.50. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 3 important areas.

A resistance zone ranging from 72.04 to 72.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 77.15 to 78.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @83.07 from a horizontal line in the daily time frame.

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What is Support and Resistance

Support and Resistance indicators

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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	NEUTRAL	NEUTRAL	The long term trend for NTNX is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for NTNX is down.
ChartMill Relative Strength	34.33	NEUTRAL	NTNX is not amongst the best or worst performers 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)	UP	MIXED	The current price of NTNX is below the rising SMA(200).
Relative Strength Index/RSI (14)	37.3	NEUTRAL	The RSI value for NTNX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.83	NEGATIVE	The MACD value suggests NTNX has a negative trend, although the MACD value is rising.
Stochastics (14,3)	6.93	OVERSOLD	The low Stochastics value suggests NTNX may be oversold.
Average True Range in percent/ATR (20)	3.5	MEDIUM VOLATILITY	The ATR as a percentage value for NTNX suggests some volalility.
Average Directional Index/ADX (14)	28.47	POSITIVE	The high ADX value value for NTNX suggests a strong trend.