NETAPP INC (NTAP) Stock Technical Analysis
NASDAQ:NTAP - Nasdaq - US64110D1046 - Common Stock - Currency: USD
Taking everything into account, NTAP scores 5 out of 10 in our technical rating. 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.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
Looking at the yearly performance, NTAP did better than 86% of all other stocks.
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 116.78 - 126.96 range, which is quite wide. It is currently trading near the high of this range.
NTAP has an average volume of 1501980 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 67% of 32 stocks in the same industry.
NTAP has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 121.68, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
113.04
135.98
We found 2 important support areas.
- A support zone ranging from 120.52 to 121.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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.
2 important resistance areas can be observed.
- Resistance @129.60 from a horizontal line in the daily time frame.
- 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
CRS86.89
Mansfield-0.22
10 Day High126.96
10 Day Low116.78
20 Day High126.96
20 Day Low116.78
52 Week High135.45
52 Week Low86.43
Performance
1 Week5.72%
2 Weeks0.35%
1 Month-1.45%
3 Month1.74%
6 Month-6.5%
12 Month42.41%
2 Year92.83%
3 Year58.8%
5 Year166.42%
10 Year222.04%
15 Year314.76%
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)0.32
RSI(14)57.97
LBB116.76
UBB126.54
124.47
-0.08 (-0.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryTechnology Hardware, Storage & Peripherals
Performance
% Chg-0.06%
1 Week5.72%
2 Weeks0.35%
1 Month-1.45%
3 Month1.74%
6 Month-6.5%
12 Month42.41%
2 Year92.83%
3 Year58.8%
5 Year166.42%
10 Year222.04%
15 Year314.76%
Volatility
ATR(14)3.3
ATR(20)%2.69%
ATR Inc10.72%
Range Today3.59
ADR(20)2.89
ADR(20)%2.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.89
Mansfield-0.22
10 Day High126.96
10 Day Low116.78
20 Day High126.96
20 Day Low116.78
52 Week High135.45
52 Week Low86.43
CS1 End121.68
CR1 Start129.6
Volume & EV
DER(3)-0.76%
DER(5)-0.22%
Volume2.98M
Volume Incr43.01%
Vol(5)1.92M
Vol(50)1.50M