The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 4/17/2025 -
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Arista Net (ANET) Technical Analysis

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Summary:
Weekly :Oversold sectorBroken trend resistance lineLane's Stochastic oversoldWilliams' Percentage Range is strongly oversold
Daily :Price is near the Fibonacci 23.6% retracement level
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It was the negative week for the Arista Net (ANET). During the week, the ANET dropped -1.47 points, or -2.02%, and closed at 71.20 on Thursday, April 17, 2025. Weekly volume was 84% above average.

ANET is a member of Information Technology Sector. Information Technology is the most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See ANET long-term trend chart]
A long-term downtrend had started on November 7, 2024 at 432.00 and reached 59.43 on April 7, 2025. ANET lost 372.57 points, or 86.24%, in 21 weeks. Price is near the trend low.

Medium-term trend: [See ANET medium-term trend chart]
A medium-term downtrend had started on January 24, 2025 at 133.60 and reached 59.43 on April 7, 2025. ANET lost 74.17 points, or 55.52%, in 10 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (53.57) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See ANET weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since April 4, 2025. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.

Short-term trend: [See ANET short-term trend chart]
A short-term downtrend had started on April 9, 2025 at 77.65 and reached 69.13 on April 16, 2025. ANET lost 8.52 points, or 10.97%, in 7 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See ANET daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since April 8, 2025. The distance between MACD and the signal line is low, but getting bigger.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.95
Williams' Percentage Range (W%R) 54.80
Lane's Stochastic (%D-Slow) 66.85
Greed/Fear Indicator (GFI) 51.00
Moving Average Converg./Diverg. (MACD) -5.18
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 27.65
Williams' Percentage Range (W%R) 96.30
Strong Oversold
Lane's Stochastic (%D-Slow) 14.45
Oversold
Greed/Fear Indicator (GFI) 17.39
Oversold
Moving Average Converg./Diverg. (MACD) -57.74
Trading Signals
Description Value Chart
Upper Bollinger Band 87.98
50 Day Moving Average 87.20
20 Day Moving Average 75.84
Daily Stochastic Crossing 74.53
Price 71.20
Quarterly Trendline Resistance 69.59
Weekly Stochastic Crossing 66.02
Lower Bollinger Band 64.14
Parabolic System 62.74
Sector and Industry
Description Name Rank
Sector Information Technology 1
Industry Communications Equipment 48
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 77.65
High Date 04/09/2025
Low 69.13
Low Date 04/16/2025
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 77.65
High Date 04/09/2025
Low 69.13
Low Date 04/16/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 59.43
Low Date 04/07/2025
High 77.65
High Date 04/09/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 69.59
Support 53.57
High 133.60
High Date 01/24/2025
Low 59.43
Low Date 04/07/2025
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 432.00
High Date 11/07/2024
Low 59.43
Low Date 04/07/2025
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.