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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- 6/26/2026 -
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NetApp, Inc. (NTAP) Technical Analysis

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Summary:
Weekly :Stochastic signal line moved below overbought area
Daily :Williams' Percentage Range is oversoldStochastic signal line moved above oversold areaLane's Stochastic bullish divergenceThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the NetApp, Inc. (NTAP). During the week, the NTAP dropped -7.26 points, or -4.55%, and closed at 152.45 on Friday, June 26, 2026. It was the worst weekly loss since April 10, 2026. Weekly volume was 30% above 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 33.37% 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. The price is now at the 40.73% retracement level.

Weekly Technical Indicators: [See NTAP weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 weekly MACD line is above its signal line since April 17, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. 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 May 29, 2026 at 192.83 and reached 149.27 on June 26, 2026. NTAP lost 43.56 points, or 22.59%, in 28 days. The price is now at the 7.30% retracement level.

Daily Technical Indicators: [See NTAP daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Daily Lane's Stochastic has bullish 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 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 Williams' Percentage Range help.

The daily MACD line is below its signal line since June 10, 2026. This is an indication that the short-term trend is down.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 28.31
Williams' Percentage Range (W%R) 88.80
Oversold
Lane's Stochastic (%D-Slow) 28.63
Bullish
Greed/Fear Indicator (GFI) 22.72
Moving Average Converg./Diverg. (MACD) 7.89
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 73.37
Williams' Percentage Range (W%R) 39.30
Lane's Stochastic (%D-Slow) 75.11
Greed/Fear Indicator (GFI) 66.64
Moving Average Converg./Diverg. (MACD) 6.36
Trading Signals
Description Value Chart
Upper Bollinger Band 172.66
Weekly Stochastic Crossing 167.10
20 Day Moving Average 164.55
Parabolic System 162.67
Daily Stochastic Crossing 153.75
Price 152.45
Lower Bollinger Band 137.41
50 Day Moving Average 136.04
Sector and Industry
Description Name Rank
Sector Information Technology 6
Industry Technology Hardware, Storage & Peripherals 95
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 164.66
High Date 06/22/2026
Low 149.27
Low Date 06/26/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 192.83
High Date 05/29/2026
Low 149.27
Low Date 06/26/2026
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.