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
- 7/24/2026 -
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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 :
Move cursor over the icon to see details.

It was a first positive week for the NetApp, Inc. (NTAP). During the week, the NTAP gained 3.86 points, or 2.36%, and closed at 167.74 on Friday, July 24, 2026. Weekly volume was -33% below 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 20.74% 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. 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 July 16, 2026 at 156.26 and reached 169.18 on July 24, 2026. NTAP gained -12.92 points, or -8.27%, in 8 days. The price is now at the 11.15% retracement level.

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

The daily MACD line is below its signal line since July 14, 2026. The distance between MACD and the signal line is low and getting smaller.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.52
Williams' Percentage Range (W%R) 48.80
Lane's Stochastic (%D-Slow) 44.28
Greed/Fear Indicator (GFI) 49.65
Moving Average Converg./Diverg. (MACD) 3.51
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 77.04
Williams' Percentage Range (W%R) 30.00
Lane's Stochastic (%D-Slow) 62.42
Greed/Fear Indicator (GFI) 65.32
Moving Average Converg./Diverg. (MACD) 11.29
Trading Signals
Description Value Chart
Upper Bollinger Band 174.70
Weekly Stochastic Crossing 172.37
Parabolic System 170.39
Price 167.74
Daily Stochastic Crossing 165.86
20 Day Moving Average 162.91
50 Day Moving Average 156.05
Lower Bollinger Band 151.31
Sector and Industry
Description Name Rank
Sector Information Technology 4
Industry Technology Hardware, Storage & Peripherals 78
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 156.26
Low Date 07/16/2026
High 169.18
High Date 07/24/2026
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.