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Arista Networks Inc Stock Forecast NYSE:ANET

$126.31 (3.83%)

Volume: 2M

Closed: Dec 07, 2021

Hollow Logo Score: -4.138

Arista Networks Inc Stock Forecast

$126.31 (3.83%)

Volume: 2M

Closed: Dec 07, 2021

Score Hollow Logo -4.138
Which way will ANET go? Request
Key Stats
P/E Ratio 11.91
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 3 and the stock is extremely oversold on RSI14 and is now having a minor correction up. Further gains in the short-term can be expected, and some stocks will provide a very good short-term return from this kind of RSI position unless there is a fundamental risk for bankruptcy or other issues that may affect the stock negatively.

Green day on Tuesday for Arista Networks Inc stock after gaining 3.83%
(Updated on Dec 07, 2021)


Sell candidate since 2021-11-18 Loss -4.71%

The Arista Networks Inc stock price gained 3.83% on the last trading day (Tuesday, 7th Dec 2021), rising from $121.65 to $126.31. , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 2.60% from a day low at $123.49 to a day high of $126.70. The price has been going up and down for this period, and there has been a -1.44% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 568 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $223.29 million.

The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $116.63 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -22.80% during the next 3 months and, with a 90% probability hold a price between $90.03 and $376.66 at the end of this 3-month period.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, December 03, 2021, and so far it has risen 4.22%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Arista Networks Inc stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term moving average at $339.78. On a fall, the stock will find some support from the short-term average at $123.50. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss

Arista Networks Inc finds support from accumulated volume at $124.06 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $3.21 between high and low, or 2.60%. For the last week, the stock has had a daily average volatility of 3.56%.

Arista Networks Inc is oversold on RSI14 (3). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Arista Networks Inc stock A Buy?

Arista Networks Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -4.138

Predicted Opening Price for Arista Networks Inc of Wednesday, December 8, 2021

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

Fair opening price December 8, 2021 Current price
$125.50 $126.31 (Overvalued)
Sell Candidate Unchanged

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Analyst Ratings

On Nov 29, 2021 "KeyCorp" gave "$136.00" rating for ANET. The price target was set to $126.23+1.0%.

Volatility and Risk
Daily Average Volatility: 3.56 %
Overall Risk: Very High High Medium Low Very Low
Volatility
3.56 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $126.51
Price: $126.31
Support: $124.06

ANET Insider Trading Show all Trades

INSIDER POWER

0.0559

Last 100 transactions
Buy: 50 388 | Sell: 902 132 (Shares)
Date Action Amount Person Type
Dec 02, 2021 Sell 26 280 Bechtolsheim Andreas Common Stock
Dec 02, 2021 Sell 46 246 Bechtolsheim Andreas Common Stock
Dec 02, 2021 Sell 21 674 Bechtolsheim Andreas Common Stock
Dec 02, 2021 Sell 5 800 Bechtolsheim Andreas Common Stock
Dec 01, 2021 Sell 168 Mccool John F Non-Qualified Stock Option (right to buy)
Show all Insider Trades
INSIDER POWER

0.0559

Last 100 transactions
Buy: 50 388 | Sell: 902 132 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 128.70 1.89 %
127.48 0.93 %
126.72 0.33 %
Current price: 126.31
Support 124.27 -1.61 %
123.52 -2.21 %
122.29 -3.18 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 132.55 4.94 %
128.16 1.46 %
126.51 0.16 %
Current price 126.31
Support 124.06 -1.78%
123.28 -2.40%
121.39 -3.90%

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About Arista Networks Inc

Arista Networks Arista Networks, Inc. supplies cloud networking solutions in the United States and internationally. The company’s cloud networking solutions consist of extensible operating systems, a set of network applications, and gigabit Ethernet switches. It also offers technical support services. The company serves a range of industries, including Internet companies, service providers, financial services organizations, government agencies, media and entert... Read more

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