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Downtrend ExhaustionArchive
- 4/25/2025 -
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NetApp, Inc. (NTAP) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week for the NetApp, Inc. (NTAP). During the week, the NTAP gained 5.84 points, or 7.07%, and closed at 88.45 on Friday, April 25, 2025. Weekly volume was -12% below 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 66.84 and resistance is at 104.92. 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 (58.04) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. NTAP may retest the broken resistance line. It is considered to be a support line now. 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 Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 link to access Lane's Stochastic 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 relatively 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 88.50 on April 25, 2025. NTAP gained -16.66 points, or -23.19%, in 18 days. Price is near the trend high.
 Daily Technical Indicators: [See NTAP daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.
The daily MACD line is above its signal line since April 9, 2025. This is an indication that the short-term trend is up.
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.
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