NETAPP INC (NTAP)
US64110D1046 - Common Stock
We assign a technical rating of 5 out of 10 to NTAP. Although NTAP is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Looking at the yearly performance, NTAP did better than 80% of all other stocks. On top of that, NTAP also shows a nice and consistent pattern of rising prices.
NTAP is one of the better performing stocks in the Technology Hardware, Storage & Peripherals industry, it outperforms 74% of 32 stocks in the same industry.
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 115.20 - 125.02 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
NTAP has an average volume of 1403460 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.
Although the technical rating is only medium, NTAP 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 118.61, a Stop Loss order could be placed below this zone.
More info and screens
90.32
135.98
When analyzing the support we can see 2 important areas.
- A support zone ranging from 114.18 to 118.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @91.23 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 119.34 to 122.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @124.45 from a horizontal line in the daily time frame.
- A resistance zone ranging from 133.13 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
CRS80.01
Mansfield-0.21
10 Day High125.02
10 Day Low115.46
20 Day High125.02
20 Day Low115.2
52 Week High135.01
52 Week Low77.56
Performance
1 Week-2.12%
2 Weeks3.37%
1 Month-4.77%
3 Month-10.35%
6 Month3.17%
12 Month52.34%
2 Year76.51%
3 Year34.27%
5 Year96.96%
10 Year180.47%
15 Year287.34%
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)-0.02
RSI(14)47.12
LBB113.67
UBB124.5
NETAPP INC
NASDAQ:NTAP (11/18/2024, 8:00:01 PM)
Premarket: 118.8 -0.54 (-0.45%)119.34
+2.13 (+1.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryTechnology Hardware, Storage & Peripherals
Performance
% Chg1.82%
1 Week-2.12%
2 Weeks3.37%
1 Month-4.77%
3 Month-10.35%
6 Month3.17%
12 Month52.34%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)2.69
ATR(20)%2.27%
ATR Inc
Range Today2.77
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 High125.02
10 Day Low115.46
20 Day High125.02
20 Day Low115.2
52 Week High135.01
52 Week Low77.56
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume1.65M
Volume Incr13.87%
Vol(5)1.58M
Vol(50)1.40M