ARISTA NETWORKS INC. - Daily - Technical analysis published on 10/22/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Neutral
Technical indicators
78%
6%
17%
My opinion
Bullish above 240.81 USD
My targets
287.11 USD (+17.75%)
308.27 USD (+26.42%)
My analysis
The current short-term bullish acceleration on ARISTA NETWORKS INC. should quickly allow the basic trend to return to bullish. To avoid contradicting the short term, traders may prefer long positions (at the time of purchase) as long as the price remains well above 240.81 USD. Short-term buyers will use the resistance located at 287.11 USD as an objective. A bullish break in this resistance would boost the bullish momentum. The next bullish objective would then be set at 308.27 USD. Crossing this resistance would then open the door for buyers to target 328.54 USD. Caution, if there is a return to under 240.81 USD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend sellers, many of whom will certainly benefit from this movement.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
3.8
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ARISTA NETWORKS INC. rating 243.84 USD. The price has increased by +1.84% since the last closing with the lowest point at 241.23 USD and the highest point at 246.17 USD. The deviation from the price is +1.08% for the low point and -0.95% for the high point.241.23
246.17
243.84
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of ARISTA NETWORKS INC. in Daily shows a neutral overall trend. The trend could quickly turn bullish due to the strong bullish signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Aroon indicator bullish trend
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 206.42 | 216.08 | 240.81 | 243.84 | 287.11 | 308.27 | 328.54 |
| Change (%) | -15.35% | -11.38% | -1.24% | - | +17.75% | +26.42% | +34.74% |
| Change | -37.42 | -27.76 | -3.03 | - | +43.27 | +64.43 | +84.70 |
| Level | Minor | Major | Major | - | Major | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 233.29 | 235.20 | 237.31 | 239.22 | 241.34 | 243.24 | 245.36 |
| Camarilla | 238.32 | 238.69 | 239.06 | 239.43 | 239.80 | 240.17 | 240.54 |
| Woodie | 233.40 | 235.25 | 237.42 | 239.27 | 241.44 | 243.29 | 245.47 |
| Fibonacci | 235.20 | 236.73 | 237.68 | 239.22 | 240.75 | 241.70 | 243.24 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 223.70 | 228.50 | 233.97 | 238.77 | 244.24 | 249.04 | 254.51 |
| Camarilla | 236.61 | 237.55 | 238.49 | 239.43 | 240.37 | 241.31 | 242.25 |
| Woodie | 224.03 | 228.67 | 234.30 | 238.94 | 244.57 | 249.21 | 254.84 |
| Fibonacci | 228.50 | 232.43 | 234.85 | 238.77 | 242.70 | 245.12 | 249.04 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 193.65 | 207.88 | 223.40 | 237.63 | 253.15 | 267.38 | 282.90 |
| Camarilla | 230.74 | 233.47 | 236.19 | 238.92 | 241.65 | 244.37 | 247.10 |
| Woodie | 194.30 | 208.20 | 224.05 | 237.95 | 253.79 | 267.70 | 283.54 |
| Fibonacci | 207.88 | 219.24 | 226.26 | 237.63 | 248.99 | 256.01 | 267.38 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 58.01 | |
| MACD (12,26,9): | 0.8700 | |
| Directional Movement: | 9.26 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 237.37 | |
| Parabolic SAR (0,02-0,02-0,2): | 220.32 | |
| Elder Ray (13): | 6.26 | |
| Super Trend (3,10): | 224.89 | |
| Zig ZAG (10): | 243.84 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 90.17 | |
| TEMA (21): | 239.42 | |
| Williams %R (14): | -7.54 | |
| Chande Momentum Oscillator (20): | 19.50 | |
| Repulse (5,40,3): | 1.9500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 2.55 |
| MA7: | 239.43 | |
| MA20: | 235.54 | |
| MA50: | 233.16 | |
| MA100: | 245.75 | |
| MAexp7: | 239.25 | |
| MAexp20: | 236.81 | |
| MAexp50: | 238.83 | |
| MAexp100: | 245.14 | |
| Price / MA7: | +1.84% | |
| Price / MA20: | +3.52% | |
| Price / MA50: | +4.58% | |
| Price / MA100: | -0.78% | |
| Price / MAexp7: | +1.92% | |
| Price / MAexp20: | +2.97% | |
| Price / MAexp50: | +2.10% | |
| Price / MAexp100: | -0.53% |
News
The last news published on ARISTA NETWORKS INC. at the time of the generation of this analysis was as follows:
- Arista Networks Provides SK Telecom With High-Speed Platforms for 5G-Based Data Transmission Service
- Arista Networks to Announce Q3 2019 Financial Results on Thursday, October 31st
- Arista CloudVision Delivers Cloud Principles for Enterprises
- SYNNEX Corporation Adds Arista Networks to Address Datacenter and Campus Networking Markets in the IT Channel
- Arista Networks, Inc. Reports Fourth Quarter and Full Year 2018 Financial Results
This member declared not having a position on this financial instrument or a related financial instrument.
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