Tue 23'rd May 2017
Nutanix Inc Stock Analysis
Technical stock analysis for Tue 23'rd May 2017
Hold candidate since 2017-05-23
Nutanix Inc lies in the middle of a very wide and strong 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 -33.3% during the next 3 months and, with 90% probability hold a price between USD 5.49 and USD 14.16 at the end of this period.
Nutanix Inc holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at USD 16.66 and USD 16.64. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Monday May 22, 2017, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Relative Strength Index (RSI)
RSI14 is 64 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at USD 15.82 and USD 15.30. On the upside the stock meets some resistance from accumulated volume at USD 18.77, USD 17.50 and USD 17.65.
There is 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 15.82. If this is broken, then the next support from accumulated volume will be at 15.30 and 14.46.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved USD 1.15 between high and low, or 6.78%. For the last week, the stock has had a daily average volatility of 5.54%.
Our recommended stoploss: USD 16.12 (-5.27%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 1 days ago.)