NETAPP INC. - 1H - Technical analysis published on 10/06/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 73.93 USD
My targets
76.33 USD (+1.11%)
77.33 USD (+2.44%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NETAPP INC. as long as the price remains well above 73.93 USD. The buyers' bullish objective is set at 76.33 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 77.33 USD. If there is any crossing, the next objective would be the resistance located at 78.50 USD.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NETAPP INC. price is 75.49 USD. The price is lower by -0.04% since the last closing and was traded between 75.09 USD and 75.92 USD over the period. The price is currently at +0.53% from its lowest and -0.57% from its highest.75.09
75.92
75.49
The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of NETAPP INC. in 1H shows an overall bullish trend. 64.29% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 100
Type : Bearish
Timeframe : 1 hour
In fact, 12 technical indicators on 18 studied are currently bullish. The Central Indicators scanner found no further results concerning independent technical indicators.
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 67.54 | 73.93 | 75.21 | 75.49 | 76.33 | 77.33 | 78.50 |
| Change (%) | -10.53% | -2.07% | -0.37% | - | +1.11% | +2.44% | +3.99% |
| Change | -7.95 | -1.56 | -0.28 | - | +0.84 | +1.84 | +3.01 |
| Level | Intermediate | Major | Major | - | Major | Minor | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 73.70 | 74.21 | 74.86 | 75.37 | 76.02 | 76.53 | 77.18 |
| Camarilla | 75.20 | 75.31 | 75.41 | 75.52 | 75.63 | 75.73 | 75.84 |
| Woodie | 73.78 | 74.25 | 74.94 | 75.41 | 76.10 | 76.57 | 77.26 |
| Fibonacci | 74.21 | 74.65 | 74.92 | 75.37 | 75.81 | 76.08 | 76.53 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 71.71 | 72.83 | 74.10 | 75.22 | 76.49 | 77.61 | 78.88 |
| Camarilla | 74.72 | 74.94 | 75.16 | 75.38 | 75.60 | 75.82 | 76.04 |
| Woodie | 71.80 | 72.87 | 74.19 | 75.26 | 76.58 | 77.65 | 78.97 |
| Fibonacci | 72.83 | 73.74 | 74.30 | 75.22 | 76.13 | 76.69 | 77.61 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 67.58 | 70.76 | 73.07 | 76.25 | 78.56 | 81.74 | 84.05 |
| Camarilla | 73.87 | 74.37 | 74.88 | 75.38 | 75.88 | 76.39 | 76.89 |
| Woodie | 67.15 | 70.54 | 72.64 | 76.03 | 78.13 | 81.52 | 83.62 |
| Fibonacci | 70.76 | 72.86 | 74.15 | 76.25 | 78.35 | 79.64 | 81.74 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 53.70 | |
| MACD (12,26,9): | 0.1800 | |
| Directional Movement: | 8.53 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 75.47 | |
| Parabolic SAR (0,02-0,02-0,2): | 75.34 | |
| Elder Ray (13): | 0.13 | |
| Super Trend (3,10): | 74.40 | |
| Zig ZAG (10): | 75.45 | |
| VORTEX (21): | 1.1600 | |
| Stochastique (14,3,5): | 71.39 | |
| TEMA (21): | 75.67 | |
| Williams %R (14): | -38.02 | |
| Chande Momentum Oscillator (20): | 0.61 | |
| Repulse (5,40,3): | -0.1400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 2.49 |
| MA7: | 75.23 | |
| MA20: | 75.83 | |
| MA50: | 76.33 | |
| MA100: | 74.46 | |
| MAexp7: | 75.50 | |
| MAexp20: | 75.28 | |
| MAexp50: | 75.21 | |
| MAexp100: | 75.44 | |
| Price / MA7: | +0.35% | |
| Price / MA20: | -0.45% | |
| Price / MA50: | -1.10% | |
| Price / MA100: | +1.38% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | +0.28% | |
| Price / MAexp50: | +0.37% | |
| Price / MAexp100: | +0.07% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
Don't forget to follow the news on NETAPP INC.. At the time of publication of this analysis, the latest news 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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