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Downtrend Broken Resist.Archive
- 8/21/2026 -
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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 dropped -14.81 points, or -7.15%, and closed at 192.27 on Friday, August 21, 2026. Weekly volume was -11% below average.
 Long-term trend: [See NTAP long-term trend chart]
A long-term uptrend had started on April 7, 2025 at 71.84 and reached 209.06 on August 13, 2026. NTAP gained -137.22 points, or -191.01%, in 70 weeks. The price is now at the 12.24% retracement level.
 Medium-term trend: [See NTAP medium-term trend chart]
A medium-term uptrend had started on January 20, 2026 at 93.69 and reached 209.06 on August 13, 2026. NTAP gained -115.37 points, or -123.14%, in 29 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 105.00 and resistance is at 257.55. 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 medium-term trend.
 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 Lane's Stochastic have bearish divergence. Use the following links to access the Relative Strength Index and Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index and Lane's Stochastic 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 Lane's Stochastic, 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. 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 June 26, 2026 at 149.27 and reached 209.06 on August 13, 2026. NTAP gained -59.79 points, or -40.05%, in 48 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 170.23 and resistance is at 217.08. 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 short-term trend.
 Daily Technical Indicators: [See NTAP daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.
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