RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of NTNX
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Red day on Thursday for Nutanix Inc
(Updated on Mar 28, 2024)

Buy or Hold candidate since Nov 01, 2023 Gain 68.91% PDF

The Nutanix Inc stock price fell by -0.339% on the last day (Thursday, 28th Mar 2024) from $61.93 to $61.72. During the last trading day the stock fluctuated 2.81% from a day low at $61.26 to a day high of $62.98. The price has fallen in 6 of the last 10 days and is down by -3.31% for this period. Volume has increased on the last day by 53 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately $138.12 million.

Given the current short-term trend, the stock is expected to rise 34.81% during the next 3 months and, with a 90% probability hold a price between $83.21 and $94.37 at the end of this 3-month period.

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NTNX Signals & Forecast

A sell signal was issued from a pivot top point on Friday, March 08, 2024, and so far it has fallen -6.27%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Nutanix Inc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $62.96. On a fall, the stock will find some support from the long-term average at approximately $61.33. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.

Support, Risk & Stop-loss for Nutanix Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at $58.34 and $52.79. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Nutanix Inc finds support just below today's level at $58.34. If this is broken, then the next support from accumulated volume will be at $52.79 and $47.00.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.72 between high and low, or 2.81%. For the last week the stock has had daily average volatility of 3.86%.

Our recommended stop-loss: $59.24 (-4.01%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 14 days ago.)

Trading Expectations (NTNX) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Nutanix Inc to open at $61.99, and during the day (based on 14 day Average True Range), to move between $59.47 and $63.97, which gives a possible trading interval of +/-$2.25 (+/-3.65%) up or down from last closing price. If Nutanix Inc takes out the full calculated possible swing range there will be an estimated 7.30% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $63.16 (2.33%) than the support at $58.34 (5.48%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Nutanix Inc stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

Current score: 2.909 Buy Candidate Unchanged

Predicted Opening Price for Nutanix Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$61.99 ( 0.432%) $61.72

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for NTNX

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 63.71 3.22 %
R2 63.05 2.15 %
R1 62.64 1.50 %
Current price: 61.72
Support S1 61.33 -0.632 %
S2 60.92 -1.29 %
S3 60.27 -2.35 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 65.25 5.72 %
R2 64.40 4.34 %
R1 63.16 2.33 %
Current price 61.72
Support S1 58.34 -5.48%
S2 52.79 -14.47%
S3 47.00 -23.85%

FAQ

What is the symbol for Nutanix Inc Stock and on which exchange is it traded?
The symbol for Nutanix Inc is NTNX and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Nutanix Inc Stock?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

How to buy Nutanix Inc Stock?
Nutanix Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Nutanix Inc Stock.

What's the current price of Nutanix Inc Stock?
As of the end of day on the 2024-03-28, the price of an Nutanix Inc (NTNX) share was $61.72.

What is the 52-week high and low for Nutanix Inc Stock?
The 52-week high for Nutanix Inc Stock is $66.99 and the 52-week low is $23.35.

What is the market capitalization of Nutanix Inc Stock?
As of the 2024-03-28, the market capitalization of Nutanix Inc is 15.08B.

When is the next earnings date for Nutanix Inc?
The upcoming earnings date for Nutanix Inc is May 22, 2024.
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About Nutanix Inc

Nutanix Nutanix, Inc. provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers Acropolis converges virtualization, enterprise storage services, and networking visualization and security services; Acropolis Hypervisor, an enterprise-grade virtualization solution; Nutanix Karbon for automated deployment and management of Kubernetes clusters to simplify the provisioning,... NTNX Profile

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