ARISTA NETWORKS INC (ANET) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ANET - US0404132054 - Common Stock
Taking everything into account, ANET scores 0 out of 10 in our technical rating. ANET scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, ANET does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 123.86, a Stop Loss order could be placed below this zone.
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65.82
3 important support areas can be observed.
- A support zone ranging from 122.45 to 123.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 117.43 to 117.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @66.48 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 131.63 to 132.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @134.40 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 | NEUTRAL | NEUTRAL | The long term trend for ANET is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ANET is down. |
| ChartMill Relative Strength | 34.24 | NEUTRAL | ANET is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ANET is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ANET is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ANET is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.7 | NEUTRAL | The RSI value for ANET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.6 | POSITIVE | The MACD value suggests ANET has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 27.03 | NEUTRAL | The Stochastics value for ANET is a neutral value. |
| Average True Range in percent/ATR (20) | 4.06 | MEDIUM VOLATILITY | The ATR as a percentage value for ANET suggests some volalility. |
| Average Directional Index/ADX (14) | 13.3 | NEGATIVE | The low ADX value for ANET suggests a weak or negative trend. |
126.13
+0.24 (+0.19%)
ARISTA NETWORKS INC / ANET FAQ
What is the ChartMill technical rating of ARISTA NETWORKS INC (ANET) stock?
ChartMill assigns a technical rating of 0 / 10 to ANET.
What is the trend direction for ANET stock?
The current trend direction for ARISTA NETWORKS INC (ANET) is Bearish.
What is the RSI signal for ANET stock?
ARISTA NETWORKS INC (ANET) has an RSI value of 42.6978. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ARISTA NETWORKS INC?
The MACD indicator for ARISTA NETWORKS INC (ANET) has a value of 0.598647, indicating a bearish trend.
Can you provide the short term momentum for ARISTA NETWORKS INC?
The short term momentum for ARISTA NETWORKS INC (ANET) is negative.