NETAPP INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

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Type:	Stocks
Ticker:	NTAP
ISIN:

NETAPP INC. - Daily - Technical analysis published on 08/02/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Neutral

Technical indicators

78%

17%

My opinion

Bullish above 70.02 USD

My targets

77.89 USD (+8.29%)

84.35 USD (+17.27%)

My analysis

The current short-term bullish trend should quickly fix the basic bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for NETAPP INC. as long as the price remains well above 70.02 USD. The buyers' bullish objective is set at 77.89 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 84.35 USD. If there is any crossing, the next objective would be the resistance located at 88.42 USD.

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

4.1

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

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Additional analysis

Quotes

NETAPP INC. rating 71.93 USD. On the day, this instrument lost -0.04% with the lowest point at 70.92 USD and the highest point at 71.94 USD. The deviation from the price is +1.42% for the low point and -0.01% for the high point.

70.92

71.94

71.93

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows an item:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of NETAPP 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. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : Daily

In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found no further results concerning independent technical indicators.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near resistance of channel

Type : Bearish

Timeframe : Daily

Near horizontal support

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	60.41	66.74	70.02	71.93	77.89	84.35	88.42
Change (%)	-16.02%	-7.22%	-2.66%	-	+8.29%	+17.27%	+22.93%
Change	-11.52	-5.19	-1.91	-	+5.96	+12.42	+16.49
Level	Major	Major	Major	-	Major	Minor	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	69.88	70.33	71.15	71.60	72.42	72.87	73.69
Camarilla	71.61	71.73	71.84	71.96	72.08	72.19	72.31
Woodie	70.06	70.42	71.33	71.69	72.60	72.96	73.87
Fibonacci	70.33	70.82	71.12	71.60	72.09	72.39	72.87

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	65.85	67.19	69.26	70.60	72.67	74.01	76.08
Camarilla	70.39	70.71	71.02	71.33	71.64	71.96	72.27
Woodie	66.22	67.37	69.63	70.78	73.04	74.19	76.45
Fibonacci	67.19	68.49	69.30	70.60	71.90	72.71	74.01

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	52.93	56.86	64.09	68.02	75.25	79.18	86.41
Camarilla	68.26	69.28	70.31	71.33	72.35	73.38	74.40
Woodie	54.59	57.69	65.75	68.85	76.91	80.01	88.07
Fibonacci	56.86	61.12	63.75	68.02	72.28	74.91	79.18

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	65.80
MACD (12,26,9):	1.4700
Directional Movement:	14.48
AROON (14):	92.86
DEMA (21):	70.39
Parabolic SAR (0,02-0,02-0,2):	68.70
Elder Ray (13):	1.67
Super Trend (3,10):	66.51
Zig ZAG (10):	71.86
VORTEX (21):	1.2300
Stochastique (14,3,5):	96.57
TEMA (21):	72.27
Williams %R (14):	-2.58
Chande Momentum Oscillator (20):	5.90
Repulse (5,40,3):	3.1900
ROCnROLL:	1
TRIX (15,9):	0.2000
Courbe Coppock:	19.92

MA7:	70.86
MA20:	67.80
MA50:	67.27
MA100:	72.53
MAexp7:	70.92
MAexp20:	68.84
MAexp50:	68.81
MAexp100:	71.96
Price / MA7:	+1.51%
Price / MA20:	+6.09%
Price / MA50:	+6.93%
Price / MA100:	-0.83%
Price / MAexp7:	+1.42%
Price / MAexp20:	+4.49%
Price / MAexp50:	+4.53%
Price / MAexp100:	-0.04%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

The latest news and videos published on NETAPP INC. at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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