NETAPP INC (NTAP) Stock Technical Analysis
NASDAQ:NTAP - Nasdaq - US64110D1046 - Common Stock
Taking everything into account, NTAP scores 8 out of 10 in our technical rating. In the past year, NTAP was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
When comparing the yearly performance of all stocks, we notice that NTAP is one of the better performing stocks in the market, outperforming 82% of all stocks. On top of that, NTAP also shows a nice and consistent pattern of rising prices.
NTAP 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 NTAP is lagging the market slightly.
In the last month NTAP has a been trading in the 112.86 - 124.30 range, which is quite wide. It is currently trading near the high of this range.
NTAP has an average volume of 1848710 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
NTAP is an average performer in the Technology Hardware, Storage & Peripherals industry, it outperforms 61% of 32 stocks in the same industry.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although NTAP 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.
More info and screens
113.04
135.98
When analyzing the support we notice one important area.
- A support zone ranging from 114.18 to 115.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 133.12 to 134.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.52
Mansfield-0.23
10 Day High124.3
10 Day Low112.86
20 Day High124.3
20 Day Low112.86
52 Week High135.45
52 Week Low83.8
Performance
1 Week7.61%
2 Weeks5.76%
1 Month4.5%
3 Month3.57%
6 Month-1.97%
12 Month40.44%
2 Year86.73%
3 Year42.95%
5 Year131.59%
10 Year227.17%
15 Year324.55%
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)0.87
RSI(14)59.87
LBB113.17
UBB122.79
NETAPP INC
NASDAQ:NTAP (1/21/2025, 8:17:35 PM)
After market: 123.67 0 (0%)123.67
+1.58 (+1.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryTechnology Hardware, Storage & Peripherals
Performance
% Chg1.29%
1 Week7.61%
2 Weeks5.76%
1 Month4.5%
3 Month3.57%
6 Month-1.97%
12 Month40.44%
2 Year86.73%
3 Year42.95%
5 Year131.59%
10 Year227.17%
15 Year324.55%
Volatility
ATR(14)2.58
ATR(20)%2.09%
ATR Inc-2.48%
Range Today1.9
ADR(20)2.3
ADR(20)%1.86%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.52
Mansfield-0.23
10 Day High124.3
10 Day Low112.86
20 Day High124.3
20 Day Low112.86
52 Week High135.45
52 Week Low83.8
CS1 End115.61
CR1 Start133.12
Volume & EV
DER(3)-0.54%
DER(5)0.9%
Volume1.30M
Volume Incr2.56%
Vol(5)1.51M
Vol(50)1.85M