NETAPP INC.
NETAPP INC.
- USD (-)
- 15 min delayed data - NASDAQ Stocks
Open: -
Change: -
Volume: -
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High: -
High / Low range: -
Type: Stocks
Ticker: NTAP
ISIN:

NETAPP INC. - 1H - Technical analysis published on 10/25/2024 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Bearish
Underlying: Strongly bearish
Technical indicators
50%
28%
22%
My opinion
Bearish under 120.73 USD
My targets
118.42 USD (-1.14%)
113.70 USD (-5.08%)
My analysis
The bearish basic trend is very strong on NETAPP INC. but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 120.73 USD. Crossing the first support at 118.42 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 113.70 USD as an objective. Crossing it would then enable sellers to target 103.76 USD. Caution, a return to above the resistance located at 120.73 USD would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
4.6

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.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The NETAPP INC. rating is 119.79 USD. On the day, this instrument lost -0.04% and was traded between 119.59 USD and 120.70 USD over the period. The price is currently at +0.17% from its lowest and -0.75% from its highest.

119.59
120.70
119.79

Here is a more detailed summary of the historical variations registered by NETAPP INC.:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of NETAPP INC. in 1H shows a overall strongly bearish trend. The signals given by moving averages are 89.29% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour



In fact, of the 18 technical indicators analysed by Central Analyzer, 9 are bullish, 4 are neutral and 5 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Central Candlesticks

Bearish harami cross

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 103.76 113.70 118.42 119.79 119.81 120.73 123.21
Change (%) -13.38% -5.08% -1.14% - +0.02% +0.78% +2.85%
Change -16.03 -6.09 -1.37 - +0.02 +0.94 +3.42
Level Intermediate Major Major - Minor Intermediate Minor



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard116.84117.53118.69119.38120.54121.23122.39
Camarilla119.33119.50119.67119.84120.01120.18120.35
Woodie117.07117.65118.92119.50120.77121.35122.62
Fibonacci117.53118.24118.68119.38120.09120.53121.23


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard121.89123.50125.02126.63128.15129.76131.28
Camarilla125.67125.96126.24126.53126.82127.10127.39
Woodie121.84123.48124.97126.61128.10129.74131.23
Fibonacci123.50124.70125.44126.63127.83128.57129.76


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard103.30107.84115.42119.96127.54132.08139.66
Camarilla119.66120.77121.88122.99124.10125.21126.32
Woodie104.81108.60116.93120.72129.05132.84141.17
Fibonacci107.84112.47115.33119.96124.59127.45132.08

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): 41.14
MACD (12,26,9): -0.6200
Directional Movement: -13.03
AROON (14): 57.14
DEMA (21): 119.27
Parabolic SAR (0,02-0,02-0,2): 118.98
Elder Ray (13): -0.27
Super Trend (3,10): 121.58
Zig ZAG (10): 119.87
VORTEX (21): 1.0200
Stochastique (14,3,5): 69.70
TEMA (21): 119.71
Williams %R (14): -34.01
Chande Momentum Oscillator (20): 0.77
Repulse (5,40,3): -0.1400
ROCnROLL: 2
TRIX (15,9): -0.1100
Courbe Coppock: 0.76
MA7: 122.44
MA20: 123.83
MA50: 123.00
MA100: 124.24
MAexp7: 120.02
MAexp20: 120.29
MAexp50: 121.90
MAexp100: 122.80
Price / MA7: -2.16%
Price / MA20: -3.26%
Price / MA50: -2.61%
Price / MA100: -3.58%
Price / MAexp7: -0.19%
Price / MAexp20: -0.42%
Price / MAexp50: -1.73%
Price / MAexp100: -2.45%

Quotes : - 15 min delayed data - NASDAQ Stocks

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

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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…

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