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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
- 9/5/2025 -
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NetApp, Inc. (NTAP) Technical Analysis

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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overboughtRelative Strength Index, Lane's Stochastic and MACD bearish divergence
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtLane's Stochastic bearish divergence
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It was a fifth consecutive positive week for the NetApp, Inc. (NTAP). During the week, the NTAP gained 5.96 points, or 5.28%, and closed at 118.75 on Friday, September 5, 2025. It was the best weekly gain since June 6, 2025. Weekly volume was 8% 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. The price is now at the 73.80% retracement level.

Medium-term trend: [See NTAP medium-term trend chart]
A medium-term uptrend had started on April 7, 2025 at 71.84 and reached 120.46 on September 5, 2025. NTAP gained -48.62 points, or -67.68%, in 21 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (108.84) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Weekly Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index, Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since May 16, 2025. 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 August 1, 2025 at 100.56 and reached 120.46 on September 5, 2025. NTAP gained -19.90 points, or -19.79%, in 35 days. The price is now at the 8.59% retracement level.

Daily Technical Indicators: [See NTAP daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Daily Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bearish divergence.

The daily MACD line is above its signal line since August 11, 2025. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.96
Williams' Percentage Range (W%R) 8.80
Strong Overbought
Lane's Stochastic (%D-Slow) 80.17
Overbought Bearish
Greed/Fear Indicator (GFI) 80.44
Overbought
Moving Average Converg./Diverg. (MACD) 2.26
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.74
Bearish
Williams' Percentage Range (W%R) 3.60
Strong Overbought
Lane's Stochastic (%D-Slow) 76.54
Bearish
Greed/Fear Indicator (GFI) 77.77
Moving Average Converg./Diverg. (MACD) -0.73 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 119.74
Daily Stochastic Crossing 118.83
Price 118.75
Monthly Trendline Resistance 117.42
Weekly Stochastic Crossing 117.41
Parabolic System 113.57
20 Day Moving Average 111.22
Monthly Trendline Support 108.84
50 Day Moving Average 107.69
Lower Bollinger Band 104.01
Sector and Industry
Description Name Rank
Sector Information Technology 5
Industry Technology Hardware, Storage & Peripherals 88
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 110.21
Low Date 09/02/2025
High 120.46
High Date 09/05/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 100.56
Low Date 08/01/2025
High 120.46
High Date 09/05/2025
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 117.42
Support 108.84
Low 71.84
Low Date 04/07/2025
High 120.46
High Date 09/05/2025
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.