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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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- 1/23/2026 -
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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 lineLane's Stochastic is oversoldLane's Stochastic and MACD bullish divergenceThe price has risen above the Parabolic SARPrice has crossed above the 50 Day Moving Average
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It was the negative week for the NetApp, Inc. (NTAP). During the week, the NTAP dropped -6.42 points, or -6.18%, and closed at 97.42 on Friday, January 23, 2026. Weekly volume was 73% above average.

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 11.31% retracement level.

Weekly Technical Indicators: [See NTAP weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly 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. 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 December 12, 2025 at 119.72 and reached 93.69 on January 20, 2026. NTAP lost 26.03 points, or 21.74%, in 39 days. The price is now at the 14.33% retracement level.

Daily Technical Indicators: [See NTAP daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic. Daily Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 advanced above the 50 Day Moving Average. Such crossover is considered a bullish 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) 35.36
Williams' Percentage Range (W%R) 67.80
Lane's Stochastic (%D-Slow) 17.06
Oversold Bullish
Greed/Fear Indicator (GFI) 28.21
Moving Average Converg./Diverg. (MACD) -2.53 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 25.32
Williams' Percentage Range (W%R) 83.40
Oversold
Lane's Stochastic (%D-Slow) 27.57
Greed/Fear Indicator (GFI) 28.07
Moving Average Converg./Diverg. (MACD) 0.91
Trading Signals
Description Value Chart
Upper Bollinger Band 113.51
50 Day Moving Average 109.19
Parabolic System 108.53
20 Day Moving Average 105.05
Weekly Stochastic Crossing 99.80
Price 97.42
Daily Stochastic Crossing 96.97
Lower Bollinger Band 95.67
Sector and Industry
Description Name Rank
Sector Information Technology 3
Industry Technology Hardware, Storage & Peripherals 11
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 119.72
High Date 12/12/2025
Low 93.69
Low Date 01/20/2026
Weekly Trend
Monthly Trend
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
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 71.84
Low Date 04/07/2025
High 126.66
High Date 09/19/2025
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.