Buy Candidate
Wed 20'th Sep 2017

PERIOD COVERED 2017-06-21 - 2017-09-20
CHANGE 4.55%
PRICE $23.00
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

BOLLINGER
Buy
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Nutanix Inc Stock Analysis

Technical stock analysis for Wed 20'th Sep 2017

Buy candidate since 2017-09-15 Gain 6.68%

Nutanix Inc gained 4.55% in the last trading day, rising from $22.00 to $23.00 The price has fallen in 6 of the last 10 days , but is still up by 2.31% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.30 million more shares were traded than the day before. In total, 4.43 million shares bought and sold for approximately $101.95 million.

Trend

Nutanix Inc lies in the middle of a very 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 10.85% during the next 3 months and, with 90% probability hold a price between $22.57 and $29.04 at the end of this period.

Signals

Only positive signals in the chart today. 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 $22.05 and $21.83. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday September 19, 2017, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

The stock had a Golden Star Signal* on Wednesday July 12, 2017 in the mediumterm chart.

* Golden Star Signal* is when the short-term moving average, the long-term moving average, and priceline meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Relative Strength Index (RSI)

RSI14 is 58 and the stock is currently not being overbought or oversold

Support & Resistance

Nutanix Inc finds support from accumulated volume at $22.12. On the upside the stock meets some resistance just above today's level from accumulated volume at $23.57, $23.73 and $24.41.

The stock is about to test the resistance from accumulated volume at $23.57 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Support: $22.12 Price: $23 Resistance: $23.57
S: $22.12 Price: $23 R: $23.57

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $1.12 (5.11%) between high and low. For the last week, the stock has had a daily average volatility of 4.04%.

Our recommended stoploss: $22.01 (-4.29%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Overall risk:

           

Evaluation

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 this stock to perform well in the short-term.

Buy Candidate

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