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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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- 4/10/2026 -
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NetApp, Inc. (NTAP) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is oversoldPrice is near the Fibonacci 38.2% retracement level
Daily :Daily  MACD line has moved below its signal lineWilliams' Percentage Range and Lane's Stochastic are oversoldThe price has risen above the Parabolic SARBroken trend support lineThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the NetApp, Inc. (NTAP). During the week, the NTAP dropped -7.42 points, or -7.18%, and closed at 95.93 on Friday, April 10, 2026. NTAP was trading at average weekly trading volume.

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. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance 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. The price is now at the 6.79% retracement level.

Weekly Technical Indicators: [See NTAP weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold 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 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, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. 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 January 20, 2026 at 93.69 and reached 107.41 on March 25, 2026. NTAP gained -13.72 points, or -14.64%, in 64 days. The chart has formed a Ascending Triangle chart pattern. The uptrend support line (97.97) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. NTAP may retest the broken support line. It is considered to be a resistance 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 support in a short-term trend.

Daily Technical Indicators: [See NTAP daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. Use the following link to access Lane's Stochastic help.

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

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.

During the last week, the price has declined below 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) 38.86
Williams' Percentage Range (W%R) 89.10
Oversold
Lane's Stochastic (%D-Slow) 17.29
Oversold
Greed/Fear Indicator (GFI) 22.34
Moving Average Converg./Diverg. (MACD) -0.13
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 36.16
Williams' Percentage Range (W%R) 90.20
Strong Oversold
Lane's Stochastic (%D-Slow) 45.68
Greed/Fear Indicator (GFI) 33.49
Moving Average Converg./Diverg. (MACD) -2.43 Bullish
Trading Signals
Description Value Chart
Weekly Trendline Resistance 107.54
Upper Bollinger Band 105.47
Parabolic System 102.74
20 Day Moving Average 101.21
Weekly Stochastic Crossing 101.11
50 Day Moving Average 100.64
Weekly Trendline Support 97.97
Daily Stochastic Crossing 96.48
Price 95.93
Lower Bollinger Band 95.15
Sector and Industry
Description Name Rank
Sector Information Technology 3
Industry Technology Hardware, Storage & Peripherals 50
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 107.41
High Date 03/25/2026
Low 94.89
Low Date 04/09/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Broken Support
Resistance 107.54
Support 97.97
Low 93.69
Low Date 01/20/2026
High 107.41
High Date 03/25/2026
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.