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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- 8/7/2026 -
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NetApp, Inc. (NTAP) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is strongly overboughtRelative Strength Index and MACD bearish divergence
Daily :Relative Strength Index and Lane's Stochastic are overboughtWilliams' Percentage Range is strongly overboughtStochastic has declined below the signal line
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It was a third consecutive positive week for the NetApp, Inc. (NTAP). During the week, the NTAP gained 11.02 points, or 6.17%, and closed at 189.52 on Friday, August 7, 2026. Weekly volume was 10% 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 195.70 on August 4, 2026. NTAP gained -123.86 points, or -172.41%, in 69 weeks. Price is near the trend high.

Medium-term trend: [See NTAP medium-term trend chart]
A medium-term uptrend had started on January 20, 2026 at 93.69 and reached 195.70 on August 4, 2026. NTAP gained -102.01 points, or -108.88%, in 28 weeks. The price is now at the 6.06% retracement level.

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 and MACD have bearish divergence. Use the following links to access the Relative Strength Index and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index 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 Relative Strength Index and 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 July 16, 2026 at 156.26 and reached 195.70 on August 4, 2026. NTAP gained -39.44 points, or -25.24%, in 19 days. The price is now at the 15.67% retracement level.

Daily Technical Indicators: [See NTAP daily technical indicators chart]
Daily Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index and Lane's Stochastic or strongly overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since July 27, 2026. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 80.56
Overbought
Williams' Percentage Range (W%R) 3.90
Strong Overbought
Lane's Stochastic (%D-Slow) 83.24
Overbought
Greed/Fear Indicator (GFI) 86.64
Overbought
Moving Average Converg./Diverg. (MACD) 5.96
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 79.53
Bearish
Williams' Percentage Range (W%R) 1.50
Strong Overbought
Lane's Stochastic (%D-Slow) 70.24
Greed/Fear Indicator (GFI) 78.06
Moving Average Converg./Diverg. (MACD) 13.32 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 195.53
Daily Stochastic Crossing 190.86
Price 189.52
Weekly Stochastic Crossing 182.03
Parabolic System 178.25
20 Day Moving Average 173.05
50 Day Moving Average 167.00
Lower Bollinger Band 155.11
Sector and Industry
Description Name Rank
Sector Information Technology 7
Industry Technology Hardware, Storage & Peripherals 77
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 156.26
Low Date 07/16/2026
High 195.70
High Date 08/04/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 149.27
Low Date 06/26/2026
High 195.70
High Date 08/04/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 93.69
Low Date 01/20/2026
High 195.70
High Date 08/04/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 71.84
Low Date 04/07/2025
High 195.70
High Date 08/04/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 20.66
Low Date 01/20/2016
High 195.70
High Date 08/04/2026
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.