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Downtrend Broken Resist.Archive
- 4/24/2026 -
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NetApp, Inc. (NTAP) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a second consecutive positive week for the NetApp, Inc. (NTAP). During the week, the NTAP gained 4.18 points, or 4.00%, and closed at 108.71 on Friday, April 24, 2026. Weekly volume was 8% above average.
 Long-term trend: [See NTAP long-term trend chart]
A long-term downtrend had started on November 22, 2024 at 135.40 and reached 71.84 on April 7, 2025. NTAP lost 63.56 points, or 46.94%, in 19 weeks. The price is now at the 58.01% 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 113.78 on April 21, 2026. NTAP gained -20.09 points, or -21.44%, in 13 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (99.27) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 technical indicators are neutral.
During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 March 3, 2026 at 95.91 and reached 113.78 on April 21, 2026. NTAP gained -17.87 points, or -18.63%, in 49 days. The chart has formed a Rising Channel chart pattern.
 Daily Technical Indicators: [See NTAP daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily 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 daily MACD line is above its signal line since April 15, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.
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.
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