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Downtrend ExhaustionArchive
- 4/4/2025 -
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NetApp, Inc. (NTAP) Technical Analysis
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| Summary:
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| | It was the negative week for the NetApp, Inc. (NTAP). During the week, the NTAP dropped -12.29 points, or -13.90%, and closed at 76.10 on Friday, April 4, 2025. It was the worst weekly loss since February 28, 2025. Weekly volume was 57% above average.
NTAP is a member of Information Technology Sector. Information Technology is the most oversold sector. NTAP is a member of Technology Hardware, Storage & Peripherals Industry. Technology Hardware, Storage & Peripherals is the fourth most oversold industry. 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 135.40 on November 22, 2024. NTAP gained -114.74 points, or -555.37%, in 461 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 66.55 and resistance is at 104.78. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a long-term trend.
 Medium-term trend: [See NTAP medium-term trend chart]
A medium-term downtrend had started on February 26, 2025 at 127.78 and reached 74.83 on April 4, 2025. NTAP lost 52.95 points, or 41.44%, in 5 weeks. The chart has formed a Falling Channel chart pattern. The downtrend support line (85.50) is broken, while daily and weekly technical indicators are oversold. Downtrend 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 support in a medium-term trend.
 Weekly Technical Indicators: [See NTAP weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range and 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is below its signal line since August 2, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 March 25, 2025 at 96.10 and reached 74.83 on April 4, 2025. NTAP lost 21.27 points, or 22.13%, in 10 days. The price is now at the 5.97% retracement level.
 Daily Technical Indicators: [See NTAP daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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.
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