The Greedy Trader Weekly Analysis
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Uptrend Exhaustion

Uptrend Exhaustion 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. Stock market alert is a warning signal. Uptrend Exhaustion alert indicates that long term uptrend is exhausted and probability of long term trend reversal is high. Uptrend exhaustion stock market alert presents relatively low to medium risk - high reword stock pick for overvalued stocks.

The strategy is based on selling (or taking a short) position on anticipation of uptrend reversal.

Uptrend Exhaustion

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- 10/9/2026 -
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NetApp, Inc. (NTAP) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overboughtRelative Strength Index and MACD bearish divergence
Daily :Broken uptrend resistance line - uptrend exhaustionRelative Strength Index and Lane's Stochastic are overboughtWilliams' Percentage Range is strongly overbought
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It was a third consecutive positive week for the NetApp, Inc. (NTAP). During the week, the NTAP gained 10.88 points, or 4.81%, and closed at 237.15 on Friday, October 9, 2026. NTAP was trading at average weekly trading volume.

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 238.08 on October 7, 2026. NTAP gained -217.42 points, or -1052.37%, in 559 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (80.26) is broken, while daily and weekly technical indicators are overbought. Uptrend 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 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 238.08 on October 7, 2026. NTAP gained -144.39 points, or -154.11%, in 37 weeks. Price is near the trend high.

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 September 3, 2026 at 161.00 and reached 238.08 on October 7, 2026. NTAP gained -77.08 points, or -47.88%, in 34 days. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (204.74) is broken, while daily and weekly technical indicators are overbought. Uptrend 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 resistance line in a short-term trend.

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. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since September 16, 2026. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 80.51
Overbought
Williams' Percentage Range (W%R) 9.70
Strong Overbought
Lane's Stochastic (%D-Slow) 88.84
Overbought
Greed/Fear Indicator (GFI) 86.53
Overbought
Moving Average Converg./Diverg. (MACD) 8.46
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 79.87
Bearish
Williams' Percentage Range (W%R) 4.20
Strong Overbought
Lane's Stochastic (%D-Slow) 78.58
Greed/Fear Indicator (GFI) 80.48
Overbought
Moving Average Converg./Diverg. (MACD) 19.68 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 244.39
Price 237.15
Daily Stochastic Crossing 235.43
Parabolic System 227.89
Weekly Stochastic Crossing 224.92
Weekly Trendline Resistance 217.56
20 Day Moving Average 208.57
Weekly Trendline Support 204.74
50 Day Moving Average 198.27
Lower Bollinger Band 180.80
Sector and Industry
Description Name Rank
Sector Information Technology 10
Industry Technology Hardware, Storage & Peripherals 115
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 190.89
Low Date 09/22/2026
High 238.08
High Date 10/07/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 217.56
Support 204.74
Low 161.00
Low Date 09/03/2026
High 238.08
High Date 10/07/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 93.69
Low Date 01/20/2026
High 238.08
High Date 10/07/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 71.84
Low Date 04/07/2025
High 238.08
High Date 10/07/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 134.31
Support 80.26
Low 20.66
Low Date 01/20/2016
High 238.08
High Date 10/07/2026
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.