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Archive
- 4/17/2025 -
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NetApp, Inc. (NTAP) Technical Analysis
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| Summary:
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| | It was the negative week for the NetApp, Inc. (NTAP). During the week, the NTAP gave back -0.03 points, or -0.04%, and closed at 82.61 on Thursday, April 17, 2025. Weekly volume was 13% above average.
NTAP 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 NTAP long-term trend chart]
A long-term uptrend had started on January 20, 2016 at 20.66 and reached 135.40 on November 22, 2024. NTAP gained -114.74 points, or -555.37%, in 461 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 66.74 and resistance is at 104.87. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a long-term trend.
 Medium-term trend: [See NTAP medium-term trend chart]
A medium-term downtrend had started on February 26, 2025 at 127.78 and reached 71.84 on April 7, 2025. NTAP lost 55.94 points, or 43.78%, in 5 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (63.35) 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 NTAP weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and Lane's Stochastic. 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 below its signal line since August 2, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.
 Short-term trend: [See NTAP short-term trend chart]
A short-term uptrend had started on April 7, 2025 at 71.84 and reached 87.46 on April 9, 2025. NTAP gained -15.62 points, or -21.74%, in 2 days. The price is now at the 31.05% retracement level.
 Daily Technical Indicators: [See NTAP daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since April 9, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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