NETAPP INC. - Daily - Technical analysis published on 12/24/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 121.22 USD
My targets
115.29 USD (-2.33%)
108.57 USD (-8.02%)
My analysis
In the short term, we can see an acceleration in the bearish trend on NETAPP INC., which is a positive signal for sellers. As long as the price remains above 121.22 USD, a sale could be considered. The first bearish objective is located at 115.29 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 108.57 USD as an objective. Crossing it would then enable sellers to target 105.10 USD. If the price were to return above 121.22 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NETAPP INC. rating 118.04 USD. On the day, this instrument lost -0.03% and was traded between 117.55 USD and 118.57 USD over the period. The price is currently at +0.42% from its lowest and -0.45% from its highest.117.55
118.57
118.04
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
Here is a more detailed summary of the historical variations registered by NETAPP INC.:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of NETAPP INC. indicates that the overall trend is bearish. 78.57% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 6 are neutral and 8 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 105.10 | 108.57 | 115.29 | 118.04 | 121.22 | 127.27 | 134.05 |
| Change (%) | -10.96% | -8.02% | -2.33% | - | +2.69% | +7.82% | +13.56% |
| Change | -12.94 | -9.47 | -2.75 | - | +3.18 | +9.23 | +16.01 |
| Level | Minor | Minor | Major | - | Intermediate | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 115.52 | 116.28 | 117.18 | 117.94 | 118.84 | 119.60 | 120.50 |
| Camarilla | 117.62 | 117.78 | 117.93 | 118.08 | 118.23 | 118.38 | 118.54 |
| Woodie | 115.59 | 116.32 | 117.25 | 117.98 | 118.91 | 119.64 | 120.57 |
| Fibonacci | 116.28 | 116.91 | 117.31 | 117.94 | 118.57 | 118.97 | 119.60 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 101.20 | 108.15 | 113.30 | 120.25 | 125.40 | 132.35 | 137.50 |
| Camarilla | 115.12 | 116.23 | 117.34 | 118.45 | 119.56 | 120.67 | 121.78 |
| Woodie | 100.30 | 107.70 | 112.40 | 119.80 | 124.50 | 131.90 | 136.60 |
| Fibonacci | 108.15 | 112.77 | 115.63 | 120.25 | 124.87 | 127.73 | 132.35 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 93.24 | 104.25 | 113.44 | 124.45 | 133.64 | 144.65 | 153.84 |
| Camarilla | 117.09 | 118.94 | 120.79 | 122.64 | 124.49 | 126.34 | 128.20 |
| Woodie | 92.34 | 103.80 | 112.54 | 124.00 | 132.74 | 144.20 | 152.94 |
| Fibonacci | 104.25 | 111.96 | 116.73 | 124.45 | 132.16 | 136.93 | 144.65 |
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): | 42.94 | |
| MACD (12,26,9): | -1.2700 | |
| Directional Movement: | -5.97 | |
| AROON (14): | -71.42 | |
| DEMA (21): | 120.48 | |
| Parabolic SAR (0,02-0,02-0,2): | 129.50 | |
| Elder Ray (13): | -2.71 | |
| Super Trend (3,10): | 128.76 | |
| Zig ZAG (10): | 117.93 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 18.72 | |
| TEMA (21): | 118.95 | |
| Williams %R (14): | -82.67 | |
| Chande Momentum Oscillator (20): | -13.19 | |
| Repulse (5,40,3): | -1.1800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 10.67 |
| MA7: | 119.69 | |
| MA20: | 123.32 | |
| MA50: | 122.08 | |
| MA100: | 122.39 | |
| MAexp7: | 119.33 | |
| MAexp20: | 121.63 | |
| MAexp50: | 122.22 | |
| MAexp100: | 121.25 | |
| Price / MA7: | -1.38% | |
| Price / MA20: | -4.28% | |
| Price / MA50: | -3.31% | |
| Price / MA100: | -3.55% | |
| Price / MAexp7: | -1.08% | |
| Price / MAexp20: | -2.95% | |
| Price / MAexp50: | -3.42% | |
| Price / MAexp100: | -2.65% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The last news published on NETAPP INC. at the time of the generation of this analysis was as follows:
- NetApp Appoints Haiyan Song Executive Vice President and General Manager of CloudOps Business
- NetApp’s 2023 Cloud Complexity Report Highlights the Shifting Demands of a Multicloud Environment
- CGI partners with NetApp to help clients accelerate data-intensive digital transformation in the cloud
- NetApp to Participate in Upcoming Technology Conference
- NetApp reports third quarter of fiscal year 2023 results
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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