pool adsNETAPP $NTAP Technical Update
The NETAPP (NASDAQ: NTAP) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for NTAP, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Weak | Neutral | Neutral |
| P1 | 78.87 | 77.88 | 74.11 |
| P2 | 81.13 | 83.96 | 81.12 |
| P3 | 83.02 | 89.42 | 87.45 |
Support and Resistance Plot Chart for NTAP
Long Term Trading Plans for NTAP
August 16, 2018, 4:45 pm ET
The Technical Summary and Trading Plans for NTAP help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this NTAP Report.
NTAP - (Long) Support Plan
Buy over 74.11 target 81.12 stop loss @ 73.85.
The technical summary data tells us to buy NTAP near 74.11 with an upside target of 81.12. This data also tells us to set a stop loss @ 73.85 to protect against excessive loss in case the stock begins to move against the trade. 74.11 is the first level of support below 79.53 , and by rule, any test of support is a buy signal. In this case, support 74.11 would be being tested, so a buy signal would exist.
NTAP - (Short) Resistance Plan
Short under 81.12 target 74.11 stop loss @ 81.38.
The technical summary data is suggesting a short of NTAP as it gets near 81.12 with a downside target of 74.11. We should have a stop loss in place at 81.38 though. 81.12 is the first level of resistance above 79.53, and by rule, any test of resistance is a short signal. In this case, if resistance 81.12 is being tested, so a short signal would exist.
