NETAPP INC. - Daily - Technical analysis published on 07/08/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 69.87 USD
My targets
60.60 USD (-2.90%)
57.48 USD (-7.90%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 69.87 USD remains possible. It is advisable to trade NETAPP INC. with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 69.87 USD. The next bearish objective for sellers is set at 60.60 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 57.48 USD. In case of crossing, the next objective would be the support located at 54.88 USD. PS: if there is a bullish break in the resistance located at 69.87 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NETAPP INC. rating is 62.41 USD. The price is lower by -0.13% since the last closing and was between 61.47 USD and 62.45 USD. This implies that the price is at +1.53% from its lowest and at -0.06% from its highest.61.47
62.45
62.41
The Central Gaps scanner detects a bullish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NETAPP INC.:
Technical
A technical analysis in Daily of this NETAPP INC. chart shows a bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
In fact, 11 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
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 resistance of channel
Type : Bearish
Timeframe : Daily
Near horizontal support
Type : Bullish
Timeframe : Daily
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 | 54.88 | 57.48 | 60.60 | 62.41 | 69.87 | 77.65 | 82.77 |
| Change (%) | -12.07% | -7.90% | -2.90% | - | +11.95% | +24.42% | +32.62% |
| Change | -7.53 | -4.93 | -1.81 | - | +7.46 | +15.24 | +20.36 |
| Level | Major | Minor | Major | - | Intermediate | Major | Intermediate |
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 | 60.72 | 61.08 | 61.79 | 62.15 | 62.86 | 63.22 | 63.93 |
| Camarilla | 62.20 | 62.29 | 62.39 | 62.49 | 62.59 | 62.69 | 62.78 |
| Woodie | 60.88 | 61.17 | 61.96 | 62.24 | 63.03 | 63.31 | 64.10 |
| Fibonacci | 61.08 | 61.49 | 61.74 | 62.15 | 62.56 | 62.81 | 63.22 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 58.60 | 59.30 | 60.26 | 60.97 | 61.93 | 62.64 | 63.60 |
| Camarilla | 60.76 | 60.92 | 61.07 | 61.22 | 61.37 | 61.53 | 61.68 |
| Woodie | 58.72 | 59.37 | 60.39 | 61.03 | 62.06 | 62.70 | 63.72 |
| Fibonacci | 59.30 | 59.94 | 60.33 | 60.97 | 61.61 | 62.00 | 62.64 |
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): | 51.70 | |
| MACD (12,26,9): | -0.4700 | |
| Directional Movement: | -1.93 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 60.73 | |
| Parabolic SAR (0,02-0,02-0,2): | 64.43 | |
| Elder Ray (13): | 0.43 | |
| Super Trend (3,10): | 64.29 | |
| Zig ZAG (10): | 62.41 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 73.22 | |
| TEMA (21): | 61.65 | |
| Williams %R (14): | -18.43 | |
| Chande Momentum Oscillator (20): | 1.44 | |
| Repulse (5,40,3): | 1.2800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2200 | |
| Courbe Coppock: | 2.03 |
| MA7: | 61.52 | |
| MA20: | 61.22 | |
| MA50: | 64.27 | |
| MA100: | 66.17 | |
| MAexp7: | 61.78 | |
| MAexp20: | 61.67 | |
| MAexp50: | 63.51 | |
| MAexp100: | 65.24 | |
| Price / MA7: | +1.45% | |
| Price / MA20: | +1.94% | |
| Price / MA50: | -2.89% | |
| Price / MA100: | -5.68% | |
| Price / MAexp7: | +1.02% | |
| Price / MAexp20: | +1.20% | |
| Price / MAexp50: | -1.73% | |
| Price / MAexp100: | -4.34% |
News
The last news published on NETAPP INC. at the time of the generation of this analysis was as follows:
- Sirius Named NetApp FY19 HCI Partner of the Year
- Red8 is One of the First North American Authorized NetApp Kubernetes Service Resellers
- NetApp Reports Fourth Quarter and Fiscal Year 2019 Results
- ATTO Technology Announces FibreBridge™ embedded in latest release of NetApp MetroCluster solution
- NetApp Reports Third Quarter Fiscal Year 2019 Results
This member declared not having a position on this financial instrument or a related financial instrument.
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