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Downtrend Broken Resist.Archive
- 5/2/2025 -
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NetApp, Inc. (NTAP) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a second consecutive positive week for the NetApp, Inc. (NTAP). During the week, the NTAP gained 3.88 points, or 4.39%, and closed at 92.33 on Friday, May 2, 2025. Weekly volume was -11% below average.
 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 66.94 and resistance is at 104.97. 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 71.84 on April 7, 2025. NTAP lost 55.94 points, or 43.78%, in 5 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (52.74) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. NTAP may retest the broken resistance line. It is considered to be a support line now. 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 Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 below its signal line since August 2, 2024. This is an indication that the medium-term trend is down. 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 April 7, 2025 at 71.84 and reached 92.55 on May 2, 2025. NTAP gained -20.71 points, or -28.83%, in 25 days. Price is near the trend high.
 Daily Technical Indicators: [See NTAP daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic. Use the following link to access Williams' Percentage Range help.
The daily MACD line is above its signal line since April 9, 2025. This is an indication that the short-term trend is up.
During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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