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.

Archive
- 3/6/2026 -
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NetApp, Inc. (NTAP) Technical Analysis

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Summary:
Weekly :Oversold sectorPrice is near the Fibonacci 23.6% retracement level
Daily :The price has fallen below the Parabolic SARPrice has crossed below the 50 Day Moving AverageThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the NetApp, Inc. (NTAP). During the week, the NTAP gained 2.03 points, or 2.05%, and closed at 101.06 on Friday, March 6, 2026. NTAP was trading at average weekly trading volume.

NTAP is a member of Information Technology Sector. Information Technology is the second most oversold 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 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 45.97% 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 93.69 on January 20, 2026. NTAP lost 32.97 points, or 26.03%, in 17 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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 March 3, 2026 at 95.91 and reached 102.99 on March 5, 2026. NTAP gained -7.08 points, or -7.38%, in 2 days. The price is now at the 27.26% retracement level.

Daily Technical Indicators: [See NTAP daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since March 4, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

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.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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.

During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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) 46.02
Williams' Percentage Range (W%R) 62.20
Lane's Stochastic (%D-Slow) 55.20
Greed/Fear Indicator (GFI) 46.34
Moving Average Converg./Diverg. (MACD) -0.76
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 36.90
Williams' Percentage Range (W%R) 78.50
Lane's Stochastic (%D-Slow) 31.81
Greed/Fear Indicator (GFI) 31.69
Moving Average Converg./Diverg. (MACD) -1.61
Trading Signals
Description Value Chart
Upper Bollinger Band 105.02
50 Day Moving Average 102.49
20 Day Moving Average 101.39
Price 101.06
Daily Stochastic Crossing 100.10
Weekly Stochastic Crossing 99.67
Lower Bollinger Band 96.72
Parabolic System 95.96
Sector and Industry
Description Name Rank
Sector Information Technology 2
Industry Technology Hardware, Storage & Peripherals 19
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 95.91
Low Date 03/03/2026
High 102.99
High Date 03/05/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 107.05
High Date 02/11/2026
Low 95.91
Low Date 03/03/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 126.66
High Date 09/19/2025
Low 93.69
Low Date 01/20/2026
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.