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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- 9/4/2026 -
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NetApp, Inc. (NTAP) Technical Analysis

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Summary:
Weekly :Overbought sector
Daily :Stochastic has raised above the signal lineThe price has risen above the Parabolic SAR
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It was the negative week for the NetApp, Inc. (NTAP). During the week, the NTAP gave back -1.43 points, or -0.76%, and closed at 185.59 on Friday, September 4, 2026. Weekly volume was 45% above average.

NTAP is a member of Information Technology Sector. Information Technology is the second most overbought 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 uptrend had started on April 7, 2025 at 71.84 and reached 209.06 on August 13, 2026. NTAP gained -137.22 points, or -191.01%, in 70 weeks. The price is now at the 17.10% 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 209.06 on August 13, 2026. NTAP gained -115.37 points, or -123.14%, in 29 weeks. The price is now at the 20.34% retracement 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. Use the following link to access a MACD help.

Short-term trend: [See NTAP short-term trend chart]
A short-term downtrend had started on August 13, 2026 at 209.06 and reached 161.00 on September 3, 2026. NTAP lost 48.06 points, or 22.99%, in 21 days. The price is now at the 51.17% retracement level.

Daily Technical Indicators: [See NTAP daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish 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 link to access Lane's Stochastic help.

The daily MACD line is below its signal line since August 19, 2026. This is an indication that the short-term trend is down.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 28.49
Williams' Percentage Range (W%R) 55.10
Lane's Stochastic (%D-Slow) 36.58
Greed/Fear Indicator (GFI) 36.66
Moving Average Converg./Diverg. (MACD) 3.14
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.23
Williams' Percentage Range (W%R) 23.90
Lane's Stochastic (%D-Slow) 76.63
Greed/Fear Indicator (GFI) 69.69
Moving Average Converg./Diverg. (MACD) 17.65
Trading Signals
Description Value Chart
Upper Bollinger Band 203.57
Weekly Stochastic Crossing 195.65
20 Day Moving Average 193.29
Price 185.59
50 Day Moving Average 178.70
Daily Stochastic Crossing 176.20
Lower Bollinger Band 171.58
Parabolic System 160.84
Sector and Industry
Description Name Rank
Sector Information Technology 8
Industry Technology Hardware, Storage & Peripherals 81
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 161.00
Low Date 09/03/2026
High 188.83
High Date 09/04/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 209.06
High Date 08/13/2026
Low 161.00
Low Date 09/03/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 93.69
Low Date 01/20/2026
High 209.06
High Date 08/13/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 71.84
Low Date 04/07/2025
High 209.06
High Date 08/13/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 20.66
Low Date 01/20/2016
High 209.06
High Date 08/13/2026
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.