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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, NTNX is a bad performer in the overall market: 93% of all stocks are doing better.
- NTNX is one of the lesser performing stocks in the Software industry. 72% of 278 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.
- In the last month NTNX has a been trading in the 41.15 - 54.15 range, which is quite wide. It is currently trading near the lows of this range.
- NTNX has an average volume of 4803630 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of NTNX is bad and it also does not present a quality setup 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.
More info and screens
41.36
When analyzing the resistance we notice 6 important areas.
- Resistance @43.38 from a horizontal line in the daily time frame.
- A resistance zone ranging from 47.98 to 48.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @52.94 from a horizontal line in the daily time frame.
- Resistance @61.40 from a trend line in the daily time frame.
- Resistance @75.07 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 | 7.33 | NEGATIVE | NTNX has a low relative strength, it was outperformed by 92.67% 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) | 28.54 | OVERSOLD | The low RSI value suggests NTNX may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.71 | NEGATIVE | The MACD value suggests NTNX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 7.15 | OVERSOLD | The low Stochastics value suggests NTNX may be oversold. |
| Average True Range in percent/ATR (20) | 4.09 | MEDIUM VOLATILITY | The ATR as a percentage value for NTNX suggests some volalility. |
| Average Directional Index/ADX (14) | 32.67 | POSITIVE | The high ADX value value for NTNX suggests a strong trend. |
41.78
+0.54 (+1.31%)
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 28.539. This indicates that the stock is currently oversold.
Can you provide the MACD signal for NUTANIX INC - A?
The MACD indicator for NUTANIX INC - A (NTNX) has a value of -0.710776, 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.