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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- 12/12/2025 -
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NetApp, Inc. (NTAP) Technical Analysis

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Summary:
Weekly :Broken trend resistance line
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtStochastic has declined below the signal linePrice is close to the 50 Day Moving AveragePrice is near the Fibonacci 23.6% retracement level
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It was the negative week for the NetApp, Inc. (NTAP). During the week, the NTAP dropped -1.61 points, or -1.37%, and closed at 115.66 on Friday, December 12, 2025. Weekly volume was -17% below 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 68.94% retracement level.

Medium-term trend: [See NTAP medium-term trend chart]
A medium-term downtrend had started on September 19, 2025 at 126.66 and reached 102.59 on November 20, 2025. NTAP lost 24.07 points, or 19.00%, in 8 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (97.26) 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 technical indicators are neutral.

The weekly MACD line is below its signal line since November 7, 2025. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend 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 November 20, 2025 at 102.59 and reached 119.72 on December 12, 2025. NTAP gained -17.13 points, or -16.70%, in 22 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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

The daily MACD line is above its signal line since November 24, 2025. This is an indication that the short-term trend is up.

Price is close to the 50 Day Moving Average. While daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.11
Williams' Percentage Range (W%R) 3.60
Strong Overbought
Lane's Stochastic (%D-Slow) 85.41
Overbought
Greed/Fear Indicator (GFI) 83.32
Overbought
Moving Average Converg./Diverg. (MACD) 0.40
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.81
Williams' Percentage Range (W%R) 28.90
Lane's Stochastic (%D-Slow) 35.56
Greed/Fear Indicator (GFI) 50.44
Moving Average Converg./Diverg. (MACD) 2.42
Trading Signals
Description Value Chart
Upper Bollinger Band 124.09
Daily Stochastic Crossing 118.66
Price 115.66
50 Day Moving Average 114.86
Parabolic System 113.43
20 Day Moving Average 112.29
Weekly Stochastic Crossing 110.10
Weekly Trendline Resistance 105.32
Lower Bollinger Band 105.01
Weekly Trendline Support 97.26
Sector and Industry
Description Name Rank
Sector Information Technology 7
Industry Technology Hardware, Storage & Peripherals 62
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 102.59
Low Date 11/20/2025
High 119.72
High Date 12/12/2025
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 105.32
Support 97.26
High 126.66
High Date 09/19/2025
Low 102.59
Low Date 11/20/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 71.84
Low Date 04/07/2025
High 126.66
High Date 09/19/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 135.40
High Date 11/22/2024
Low 71.84
Low Date 04/07/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 20.66
Low Date 01/20/2016
High 135.40
High Date 11/22/2024
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.