ARISTA NETWORKS INC (ANET)

US0404131064 - Common Stock

404.06  +22.35 (+5.86%)

Technical Rating and Analysis

7

Overall ANET gets a technical rating of 7 out of 10. In the last year, ANET was one of the better performers, but we do observe some doubts in the very recent evolution.

Looking at the yearly performance, ANET did better than 90% of all other stocks. We also observe that the gains produced by ANET over the past year are nicely spread over this period.
ANET is one of the better performing stocks in the Communications Equipment industry, it outperforms 74% of 51 stocks in the same industry.
ANET 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 ANET is lagging the market slightly.
ANET has an average volume of 1840560 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, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
In the last month ANET has a been trading in the 368.40 - 431.97 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Weekly and Daily overview Charts
ANET Weekly chart
ANET Daily chart
Setup Rating and Analysis

3

Although ANET has an excellent technical rating, it does not offer a high 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.

Support and Resistance Analysis

328.22

408.10

We found 4 important support areas.

  • A support zone ranging from 390.97 to 394.66. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • A support zone ranging from 370.46 to 379.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 351.83 to 352.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A support zone ranging from 331.54 to 332.77. 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
CRS90.61
Mansfield1
10 Day High431.97
10 Day Low368.4
20 Day High431.97
20 Day Low368.4
52 Week High431.97
52 Week Low210.69
Performance
1 Week-3.4%
2 Weeks-9.79%
1 Month-3.13%
3 Month7.48%
6 Month24.52%
12 Month74.78%
2 Year174.02%
3 Year207.68%
5 Year682.47%
10 Year1912.44%
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)-3.81
RSI(14)44.76
LBB361.79
UBB427.78
ANET Daily chart

ARISTA NETWORKS INC

NYSE:ANET (11/21/2024, 3:42:10 PM)

404.06

+22.35 (+5.86%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg5.86%
1 Week-3.4%
2 Weeks-9.79%
1 Month-3.13%
3 Month7.48%
6 Month24.52%
12 Month74.78%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)13.14
ATR(20)%3.13%
ATR Inc
Range Today14.31
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 High431.97
10 Day Low368.4
20 Day High431.97
20 Day Low368.4
52 Week High431.97
52 Week Low210.69
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume2.37M
Volume Incr36.99%
Vol(5)2.74M
Vol(50)1.84M