NTNX - Nutanix Inc Mon 27'th Feb 2017
Stock analysis for Mon 27'th Feb 2017 (Updated daily)
Buy candidate since 2017-02-27
Nutanix Inc Stock Analysis
Nutanix Inc gained 1.01% in the last trading day, rising from USD 29.82 to USD 30.12. The price has fallen in 6 of the last 10 days and is down by -6.26% for this period. Volume fell in the last day by -32 663 shares and ,in total, 529 911 shares bought and sold for approximately USD 15.96 million. You should note that falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
Nutanix Inc 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 11.9% during the next 3 months and, with 90% probability hold a price between USD 31.21 and USD 36.87 at the end of this period.
Nutanix Inc holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at USD 30.88 and USD 30.41. A break-up above any of these levels will issue buy signals. Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Friday February 24, 2017, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.
Relative Strength Index (RSI)
RSI14 is 44 and the stock is currently not being overbought or oversold
Support & Resistance
Nutanix Inc finds support from accumulated volume at USD 28.95, USD 28.74, and USD 27.60. On the upside the stock meets some resistance from accumulated volume at USD 32.00, USD 34.09 and USD 31.66.
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 1.08 between high and low, or 3.69%. For the last week, the stock has had a daily average volatility of 4.51%.
Our recommended stoploss: USD 28.78 (-4.45%) ( criteria: risk and position in trend)
Several of the signals/indicators are negative, and we believe this will hoave some effect on the development for the next days and possible weeks. However, for the entire period will still think today's level holds possible buying-opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.