Hold/Accumulate
Tue 23'rd May 2017

PERIOD COVERED
2017-02-24 - 2017-05-23
CHANGE
-2.74%
PRICE
$17.02
VOLUME
Sell
TREND
Sell
MV LONG
Buy
MV SHORT
Buy
PIVOT
Sell
MACD
Buy
Request Prediction
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Nutanix Inc Stock Analysis

Technical stock analysis for Tue 23'rd May 2017

Hold candidate since 2017-05-23

Nutanix Inc fell by -2.74% in the last day, from USD 17.50 to USD 17.02 The price has fallen in 6 of the last 10 days , but is still up by 4.61% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day, the trading volume fell by -1.96 million shares and in total, 2.80 million shares bought and sold for approximately USD 47.65 million.

Trend

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.

Signals

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.

Risk

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.)

Evaluation

Nutanix Inc holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development.

Hold/Accumulate

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