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Downtrend Broken Resist.Archive
- 5/15/2026 -
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NetApp, Inc. (NTAP) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a fifth consecutive positive week for the NetApp, Inc. (NTAP). During the week, the NTAP gained 1.93 points, or 1.64%, and closed at 119.93 on Friday, May 15, 2026. Weekly volume was 30% 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 126.66 on September 19, 2025. NTAP gained -54.82 points, or -76.31%, in 23 weeks. The price is now at the 12.28% 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 123.47 on May 14, 2026. NTAP gained -29.78 points, or -31.79%, in 16 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (100.54) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 resistance line in a medium-term trend.
 Weekly Technical Indicators: [See NTAP weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 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 March 3, 2026 at 95.91 and reached 123.47 on May 14, 2026. NTAP gained -27.56 points, or -28.74%, in 72 days. The chart has formed a Rising Channel chart pattern.
 Daily Technical Indicators: [See NTAP daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since April 15, 2026. This is an indication that the short-term trend is up.
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