NETSCOUT SYSTEMS INC. - Daily - Technical analysis published on 11/27/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Bullish
Technical indicators
17%
39%
44%
My opinion
Bullish above 24.45 USD
My targets
25.38 USD (+3.13%)
26.38 USD (+7.19%)
My analysis
A bullish trend on NETSCOUT SYSTEMS INC. both in substance and in the short term. A purchase could be considered as long as the price remains above 24.45 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 25.38 USD. Then the price could move towards 26.38 USD. Then 27.42 USD by extension. Be careful, a return below 24.45 USD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.
FORCE
0
10
2.5
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NETSCOUT SYSTEMS INC. rating is 24.61 USD. The price registered a decrease of -1.09% on the session and was between 24.55 USD and 25.13 USD. This implies that the price is at +0.24% from its lowest and at -2.07% from its highest.24.55
25.13
24.61
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of NETSCOUT SYSTEMS INC. indicates that the overall trend is bullish. 67.86% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
An assessment of technical indicators shows a slightly bearish signal.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 21.77 | 22.99 | 24.45 | 24.61 | 25.38 | 26.38 | 27.42 |
| Change (%) | -11.54% | -6.58% | -0.65% | - | +3.13% | +7.19% | +11.42% |
| Change | -2.84 | -1.62 | -0.16 | - | +0.77 | +1.77 | +2.81 |
| Level | Major | Intermediate | Major | - | Intermediate | Major | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.12 | 24.33 | 24.60 | 24.81 | 25.08 | 25.29 | 25.56 |
| Camarilla | 24.74 | 24.79 | 24.83 | 24.88 | 24.92 | 24.96 | 25.01 |
| Woodie | 24.16 | 24.34 | 24.64 | 24.82 | 25.12 | 25.30 | 25.60 |
| Fibonacci | 24.33 | 24.51 | 24.62 | 24.81 | 24.99 | 25.10 | 25.29 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.62 | 23.30 | 23.91 | 24.59 | 25.20 | 25.88 | 26.49 |
| Camarilla | 24.16 | 24.27 | 24.39 | 24.51 | 24.63 | 24.75 | 24.87 |
| Woodie | 22.58 | 23.28 | 23.87 | 24.57 | 25.16 | 25.86 | 26.45 |
| Fibonacci | 23.30 | 23.80 | 24.10 | 24.59 | 25.09 | 25.39 | 25.88 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.01 | 18.49 | 21.35 | 23.83 | 26.69 | 29.17 | 32.03 |
| Camarilla | 22.75 | 23.24 | 23.73 | 24.22 | 24.71 | 25.20 | 25.69 |
| Woodie | 16.21 | 18.59 | 21.55 | 23.93 | 26.89 | 29.27 | 32.23 |
| Fibonacci | 18.49 | 20.53 | 21.79 | 23.83 | 25.87 | 27.13 | 29.17 |
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): | 55.56 | |
| MACD (12,26,9): | 0.4000 | |
| Directional Movement: | 10.76 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 24.99 | |
| Parabolic SAR (0,02-0,02-0,2): | 23.87 | |
| Elder Ray (13): | 0.24 | |
| Super Trend (3,10): | 23.20 | |
| Zig ZAG (10): | 24.61 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 42.19 | |
| TEMA (21): | 25.05 | |
| Williams %R (14): | -61.25 | |
| Chande Momentum Oscillator (20): | -0.63 | |
| Repulse (5,40,3): | -1.2100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.3500 | |
| Courbe Coppock: | 2.26 |
| MA7: | 24.60 | |
| MA20: | 24.69 | |
| MA50: | 23.34 | |
| MA100: | 23.55 | |
| MAexp7: | 24.65 | |
| MAexp20: | 24.39 | |
| MAexp50: | 23.82 | |
| MAexp100: | 23.93 | |
| Price / MA7: | +0.04% | |
| Price / MA20: | -0.32% | |
| Price / MA50: | +5.44% | |
| Price / MA100: | +4.50% | |
| Price / MAexp7: | -0.16% | |
| Price / MAexp20: | +0.90% | |
| Price / MAexp50: | +3.32% | |
| Price / MAexp100: | +2.84% |
News
Don"t forget to follow the news on NETSCOUT SYSTEMS INC.. At the time of publication of this analysis, the latest news was as follows:
- NETSCOUT to Report Q2 FY’20 Financial Results on October 31st
- NETSCOUT Expands Cisco Relationship as Part of Cisco SolutionsPlus Program
- NETSCOUT Achieves FIPS 140-2 Certification
- NETSCOUT Accelerates the 5G Transformation Opportunity for Service Providers
- NETSCOUT Appoints Vivian Vitale and Michael Szabados to Board of Directors
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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