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 AI Analysis of NTAP
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Red day on Wednesday for NetApp stock after losing 1.03%
(Updated on Nov 13, 2024)

Sell candidate since Nov 11, 2024 Loss -1.85%

The NetApp stock price fell by -1.03% on the last day (Wednesday, 13th Nov 2024) from $120.92 to $119.68. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.10% from a day low at $119.51 to a day high of $122.03. The price has been going up and down for this period, and there has been a 0.77% gain for the last 2 weeks. Volume has increased on the last day by 72 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, 1 million shares were bought and sold for approximately $155.07 million.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.12% during the next 3 months and, with a 90% probability hold a price between $103.56 and $118.27 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

NTAP Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, October 31, 2024, and so far it has risen 3.79%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The NetApp stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $120.99 and $122.23. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for NetApp stock

NetApp finds support from accumulated volume at $119.20 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $2.52 between high and low, or 2.10%. For the last week, the stock has had daily average volatility of 1.97%.

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

Trading Expectations (NTAP) For The Upcoming Trading Day Of Thursday 14th

For the upcoming trading day on Thursday, 14th we expect NetApp to open at $120.41, and during the day (based on 14 day Average True Range), to move between $117.13 and $122.23, which gives a possible trading interval of +/-$2.55 (+/-2.13%) up or down from last closing price. If NetApp takes out the full calculated possible swing range there will be an estimated 4.27% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $119.20 (0.40%) than the resistance at $120.72 (0.87%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is NetApp stock A Buy?

NetApp holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -3.014 Sell Candidate Unchanged

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Predicted Fair Opening Price

Predicted fair opening price on November 14, 2024 - $120.41 ( 0.606%).

Trading levels for NTAP

Fibonacci Support & Resistance Levels

Level Price
R3 122.92 2.71%
R2 121.96 1.90%
R1 121.37 1.41%
Price 119.68
S1 119.44 -0.197%
S2 118.85 -0.693%
S3 117.89 -1.50%

Accumulated Volume Support & Resistance Levels

Level Price
R3 133.12 11.23%
R2 122.22 2.12%
R1 120.72 0.87%
Price 119.68
S1 119.20 -0.401%
S2 118.95 -0.610%
S3 114.60 -4.24%

NTAP Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Aug 28, 2024 Oct 04, 2024 Oct 23, 2024 $0.520 0.437%
2 May 30, 2024 Jul 05, 2024 Jul 24, 2024 $0.520 0.414%
3 Feb 29, 2024 Apr 05, 2024 Apr 24, 2024 $0.500 0.500%
4 Feb 29, 2024 Apr 04, 2024 Apr 24, 2024 $0.500 0.500%
5 Nov 28, 2023 Jan 04, 2024 Jan 24, 2024 $0.500 0.564%

FAQ

What is the symbol for NetApp Stock and on which exchange is it traded?
The symbol for NetApp is NTAP and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell NetApp Stock?
NetApp holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

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

What's the current price of NetApp Stock?
As of the end of day on the Nov 13, 2024, the price of an NetApp (NTAP) share was $119.68.

What is the 52-week high and low for NetApp Stock?
The 52-week high for NetApp Stock is $135.01 and the 52-week low is $76.41.

What is the market capitalization of NetApp Stock?
As of the Nov 13, 2024, the market capitalization of NetApp is 24.969B.

When is the next earnings date for NetApp?
The upcoming earnings date for NetApp is Nov 21, 2024.
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ABOUT NETAPP
NetApp
NetApp, Inc. provides cloud-led and data-centric services to manage and share data on-premises, and private and public clouds worldwide. It operates in two segments, Hybrid Cloud and Public Could. The company offers intelligent data management software, such as NetApp ONTAP, NetApp Snapshot, NetApp SnapCenter Backup Management, NetApp SnapMirror Data Replication, NetApp SnapLock Data Compliance, NetApp ElementOS software, and NetApp SANtricity so...
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