The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 9/18/2026 -
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NetApp, Inc. (NTAP) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is overbought
Daily :Williams' Percentage Range is strongly overboughtDaily  MACD line has moved above its signal line
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It was the negative week for the NetApp, Inc. (NTAP). During the week, the NTAP gave back -1.49 points, or -0.75%, and closed at 197.79 on Friday, September 18, 2026. NTAP was trading at average weekly trading volume.

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 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 chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (107.52) 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 April 9, 2026 at 94.89 and reached 209.06 on August 13, 2026. NTAP gained -114.17 points, or -120.32%, in 18 weeks. The price is now at the 9.87% retracement level.

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. 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 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 and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 199.62 on September 11, 2026. NTAP gained -38.62 points, or -23.99%, in 8 days. Price is near the trend high.

Daily Technical Indicators: [See NTAP daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.56
Williams' Percentage Range (W%R) 3.70
Strong Overbought
Lane's Stochastic (%D-Slow) 79.98
Greed/Fear Indicator (GFI) 78.60
Moving Average Converg./Diverg. (MACD) 1.70
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.38
Williams' Percentage Range (W%R) 10.70
Overbought
Lane's Stochastic (%D-Slow) 68.36
Greed/Fear Indicator (GFI) 72.36
Moving Average Converg./Diverg. (MACD) 18.44
Trading Signals
Description Value Chart
Upper Bollinger Band 200.05
Price 197.79
Daily Stochastic Crossing 196.54
Weekly Stochastic Crossing 191.74
20 Day Moving Average 188.97
Parabolic System 188.54
50 Day Moving Average 184.34
Lower Bollinger Band 180.28
Sector and Industry
Description Name Rank
Sector Information Technology 9
Industry Technology Hardware, Storage & Peripherals 106
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 186.13
Low Date 09/16/2026
High 199.15
High Date 09/17/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 161.00
Low Date 09/03/2026
High 199.62
High Date 09/11/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 94.89
Low Date 04/09/2026
High 209.06
High Date 08/13/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 89.14
Support 107.52
Low 71.84
Low Date 04/07/2025
High 209.06
High Date 08/13/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 20.66
Low Date 01/20/2016
High 209.06
High Date 08/13/2026
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.