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Downtrend Broken Resist.Archive
- 10/2/2026 -
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NetApp, Inc. (NTAP) Technical Analysis
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| Summary:
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| | It was a second consecutive positive week for the NetApp, Inc. (NTAP). During the week, the NTAP gained 25.12 points, or 12.49%, and closed at 226.27 on Friday, October 2, 2026. It was the best weekly gain since May 29, 2026. Weekly volume was 30% above average.
NTAP is a member of Information Technology Sector. Information Technology is the most overbought 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 231.90 on October 2, 2026. NTAP gained -211.24 points, or -1022.46%, in 558 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (80.15) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 long-term trend.
 Medium-term trend: [See NTAP medium-term trend chart]
A medium-term uptrend had started on January 20, 2026 at 93.69 and reached 231.90 on October 2, 2026. NTAP gained -138.21 points, or -147.52%, in 36 weeks. Price is near the trend high.
 Weekly Technical Indicators: [See NTAP weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. Weekly Relative Strength Index and MACD have bearish divergence. Use the following links to access the Relative Strength Index and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is above its signal line since April 17, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 September 3, 2026 at 161.00 and reached 231.90 on October 2, 2026. NTAP gained -70.90 points, or -44.04%, in 29 days. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (199.35) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 short-term trend.
 Daily Technical Indicators: [See NTAP daily technical indicators chart]
Daily Relative Strength Index and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index and Lane's Stochastic. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since September 16, 2026. This is an indication that the short-term trend is up.
The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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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