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 ANET
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Arista Networks Inc stock upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Feb 22, 2024 Gain 7.90% PDF

The Arista Networks Inc stock price gained 0.544% on the last trading day (Thursday, 28th Mar 2024), rising from $288.41 to $289.98. During the last trading day the stock fluctuated 2.42% from a day low at $286.01 to a day high of $292.94. The price has been going up and down for this period, and there has been a 2.1% gain for the last 2 weeks. Volume fell on the last day by -1 million shares and in total, 2 million shares were bought and sold for approximately $518.25 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 21.45% during the next 3 months and, with a 90% probability hold a price between $337.43 and $376.51 at the end of this 3-month period.

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ANET Signals & Forecast

The Arista Networks 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 $298.47. On a fall, the stock will find some support from the long-term average at approximately $280.19. 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, March 22, 2024, and so far it has fallen -5.37%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Arista Networks Inc stock

Arista Networks Inc finds support from accumulated volume at $286.92 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 $6.93 between high and low, or 2.42%. For the last week, the stock has had daily average volatility of 2.82%.

Our recommended stop-loss: $275.49 (-5.00%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 4 days ago.)

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

For the upcoming trading day on Monday, 1st we expect Arista Networks Inc to open at $289.64, and during the day (based on 14 day Average True Range), to move between $280.80 and $299.16, which gives a possible trading interval of +/-$9.18 (+/-3.16%) up or down from last closing price. If Arista Networks Inc takes out the full calculated possible swing range there will be an estimated 6.33% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $286.92 (1.06%) than the resistance at $296.58 (2.28%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Arista Networks Inc stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Arista Networks Inc stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.686 Buy Candidate Upgraded

Predicted Opening Price for Arista Networks Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$289.64 ( 0.116%) $289.98

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

Trading levels for ANET

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 296.57 2.27 %
R2 293.93 1.36 %
R1 292.29 0.797 %
Current price: 289.98
Support S1 287.00 -1.03 %
S2 285.36 -1.59 %
S3 282.71 -2.51 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 304.60 5.04 %
R2 297.83 2.71 %
R1 296.58 2.28 %
Current price 289.98
Support S1 286.92 -1.06%
S2 280.88 -3.14%
S3 265.51 -8.44%

FAQ

What is the symbol for Arista Networks Inc Stock and on which exchange is it traded?
The symbol for Arista Networks Inc is ANET and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Arista Networks Inc Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Arista Networks Inc stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Arista Networks Inc Stock?
Arista Networks 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 Arista Networks Inc Stock.

What's the current price of Arista Networks Inc Stock?
As of the end of day on the 2024-03-28, the price of an Arista Networks Inc (ANET) share was $289.98.

What is the 52-week high and low for Arista Networks Inc Stock?
The 52-week high for Arista Networks Inc Stock is $307.74 and the 52-week low is $131.68.

What is the market capitalization of Arista Networks Inc Stock?
As of the 2024-03-28, the market capitalization of Arista Networks Inc is 90.658B.

When is the next earnings date for Arista Networks Inc?
The upcoming earnings date for Arista Networks Inc is May 06, 2024.
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About Arista Networks Inc

Arista Networks Arista Networks, Inc. develops, markets, and sells cloud networking solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company's cloud networking solutions consist of extensible operating systems, a set of network applications, as well as gigabit Ethernet switching and routing platforms. It also provides post contract customer support services, such as technical support, hardware repair and parts replacement bey... ANET Profile

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