| TA Search |
|
| Candlesticks Name: | Bearish Advance Block |
|
| Number of records: 3 |
|
|
|
Advanced TA SearchArchive
- 5/3/2024 -
Sign In to see current Signals. |
Arista Net (ANET) Technical Analysis
|
 |
| Summary:
| | | Weekly : | | Daily : 
Move cursor over the icon to see details.
| | It was a second consecutive positive week for the Arista Net (ANET). During the week, the ANET gained 9.70 points, or 3.66%, and closed at 274.40 on Friday, May 3, 2024. Weekly volume was -11% below average.
 Long-term trend: [See ANET long-term trend chart]
A long-term uptrend had started on June 16, 2022 at 89.11 and reached 307.74 on March 22, 2024. ANET gained -218.63 points, or -245.35%, in 92 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 146.37 and resistance is at 321.62. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
 Medium-term trend: [See ANET medium-term trend chart]
A medium-term downtrend had started on March 22, 2024 at 307.74 and reached 240.32 on April 22, 2024. ANET lost 67.42 points, or 21.91%, in 4 weeks. The price is now at the 50.55% retracement level.
 Weekly Technical Indicators: [See ANET weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since April 12, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.
 Short-term trend: [See ANET short-term trend chart]
A short-term uptrend had started on May 1, 2024 at 252.26 and reached 278.35 on May 3, 2024. ANET gained -26.09 points, or -10.34%, in 2 days. The price is now at the 15.14% retracement level.
Daily Technical Indicators: [See ANET daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
| |
|
|
|
|
| Daily Oscillators |
|
|
| Weekly Oscillators |
|
|
| Trading
Signals |
|
|
|
| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Information Technology |
4 |
| Industry |
Communications Equipment |
51 |
|
| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
252.26 |
| Low Date |
05/01/2024 |
| High |
278.35 |
| High Date |
05/03/2024 |
|
| Weekly Trend |
|
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
|
| Resistance |
|
| Support |
|
| Low |
252.26 |
| Low Date |
05/01/2024 |
| High |
278.35 |
| High Date |
05/03/2024 |
|
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
|
| Resistance |
|
| Support |
|
| Low |
240.32 |
| Low Date |
04/22/2024 |
| High |
278.35 |
| High Date |
05/03/2024 |
|
| Quarterly Trend |
|
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
|
| Resistance |
|
| Support |
|
| High |
307.74 |
| High Date |
03/22/2024 |
| Low |
240.32 |
| Low Date |
04/22/2024 |
|
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
321.62 |
| Support |
146.37 |
| Low |
89.11 |
| Low Date |
06/16/2022 |
| High |
307.74 |
| High Date |
03/22/2024 |
|
|