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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- 7/10/2026 -
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NetApp, Inc. (NTAP) Technical Analysis

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Summary:
Weekly :Price is near the Fibonacci 23.6% retracement level
Daily :Lane's Stochastic is overboughtDaily  MACD line has moved above its signal lineThe price moved above the moving average in the center of the Bollinger Bands
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It was a second positive week after 4 consecutive negative weeks for the NetApp, Inc. (NTAP). During the week, the NTAP gained 14.70 points, or 9.53%, and closed at 168.87 on Friday, July 10, 2026. It was the best weekly gain since May 29, 2026. Weekly volume was 55% above 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 192.83 on May 29, 2026. NTAP gained -120.99 points, or -168.42%, in 59 weeks. The price is now at the 19.80% 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 192.83 on May 29, 2026. NTAP gained -99.14 points, or -105.82%, in 18 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 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 relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. 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 176.97 on July 10, 2026. NTAP gained -27.70 points, or -18.56%, in 14 days. The price is now at the 29.24% retracement level.

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.

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

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.02
Williams' Percentage Range (W%R) 21.80
Lane's Stochastic (%D-Slow) 88.42
Overbought
Greed/Fear Indicator (GFI) 76.53
Moving Average Converg./Diverg. (MACD) 4.63
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 76.41
Williams' Percentage Range (W%R) 22.40
Lane's Stochastic (%D-Slow) 65.06
Greed/Fear Indicator (GFI) 70.40
Moving Average Converg./Diverg. (MACD) 8.93
Trading Signals
Description Value Chart
Daily Stochastic Crossing 173.38
Upper Bollinger Band 170.09
Price 168.87
Weekly Stochastic Crossing 164.03
20 Day Moving Average 159.71
Parabolic System 157.47
Lower Bollinger Band 149.36
50 Day Moving Average 145.72
Sector and Industry
Description Name Rank
Sector Information Technology 7
Industry Technology Hardware, Storage & Peripherals 87
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 153.16
Low Date 07/02/2026
High 176.97
High Date 07/10/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 149.27
Low Date 06/26/2026
High 176.97
High Date 07/10/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 93.69
Low Date 01/20/2026
High 192.83
High Date 05/29/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 71.84
Low Date 04/07/2025
High 192.83
High Date 05/29/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 20.66
Low Date 01/20/2016
High 192.83
High Date 05/29/2026
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.