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- 10/23/2026 -
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NetApp, Inc. (NTAP) Technical Analysis

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Summary:
Weekly :Overbought sectorLane's Stochastic is overboughtBroken trend resistance line
Daily :The price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the NetApp, Inc. (NTAP). During the week, the NTAP gained 11.68 points, or 5.73%, and closed at 215.48 on Friday, October 23, 2026. Weekly volume was -39% below average.

NTAP is a member of Information Technology Sector. Information Technology is the 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 January 20, 2016 at 20.66 and reached 240.87 on October 13, 2026. NTAP gained -220.21 points, or -1065.88%, in 559 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (80.48) 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 long-term trend.

Medium-term trend: [See NTAP medium-term trend chart]
A medium-term uptrend had started on January 20, 2026 at 93.69 and reached 240.87 on October 13, 2026. NTAP gained -147.18 points, or -157.09%, in 38 weeks. The price is now at the 17.25% retracement level.

Weekly Technical Indicators: [See NTAP weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. 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 low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 September 3, 2026 at 161.00 and reached 240.87 on October 13, 2026. NTAP gained -79.87 points, or -49.61%, in 40 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 205.17 and resistance is at 257.07. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a short-term trend.

Daily Technical Indicators: [See NTAP daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since October 14, 2026.

During the last week, the price has moved above 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) 44.90
Williams' Percentage Range (W%R) 70.20
Lane's Stochastic (%D-Slow) 25.50
Greed/Fear Indicator (GFI) 33.41
Moving Average Converg./Diverg. (MACD) 5.75
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.71
Williams' Percentage Range (W%R) 31.50
Lane's Stochastic (%D-Slow) 81.15
Overbought
Greed/Fear Indicator (GFI) 69.21
Moving Average Converg./Diverg. (MACD) 21.01
Trading Signals
Description Value Chart
Weekly Trendline Resistance 257.07
Upper Bollinger Band 237.88
Weekly Stochastic Crossing 227.00
Parabolic System 223.81
20 Day Moving Average 220.13
Price 215.48
Daily Stochastic Crossing 211.58
Weekly Trendline Support 205.17
50 Day Moving Average 203.42
Lower Bollinger Band 191.91
Sector and Industry
Description Name Rank
Sector Information Technology 9
Industry Technology Hardware, Storage & Peripherals 86
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 240.87
High Date 10/13/2026
Low 202.56
Low Date 10/20/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 257.07
Support 205.17
Low 161.00
Low Date 09/03/2026
High 240.87
High Date 10/13/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 93.69
Low Date 01/20/2026
High 240.87
High Date 10/13/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 71.84
Low Date 04/07/2025
High 240.87
High Date 10/13/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 134.53
Support 80.48
Low 20.66
Low Date 01/20/2016
High 240.87
High Date 10/13/2026
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.