When the Price of Netapp NTAP Talks, People Listen

Longer Term Trading Plans for NTAP
  • Buy NTAP slightly over 63.92 target 71.12 stop loss @ 63.74 Details
  • The technical summary data tells us to buy NTAP near 63.92 with an upside target of 71.12. This data also tells us to set a stop loss @ 63.74 to protect against excessive loss in case the stock begins to move against the trade. 63.92 is the first level of support below 66.01 , and by rule, any test of support is a buy signal. In this case, support 63.92 is being tested, a buy signal would exist.

  • Short NTAP slightly under 71.12, target 63.92, stop loss @ 71.33 Details
  • The technical summary data is suggesting a short of NTAP as it gets near 71.12 with a downside target of 63.92. We should have a stop loss in place at 71.33though. 71.12 is the first level of resistance above 66.01, and by rule, any test of resistance is a short signal. In this case, if resistance 71.12 is being tested, a short signal would exist.

Swing Trading Plans for NTAP
  • Buy NTAP slightly over 67.51, target 71.12, Stop Loss @ 67.32 Details
  • If 67.51 begins to break higher, the technical summary data tells us to buy NTAP just slightly over 67.51, with an upside target of 71.12. The data also tells us to set a stop loss @ 67.32 in case the stock turns against the trade. 67.51 is the first level of resistance above 66.01, and by rule, any break above resistance is a buy signal. In this case, 67.51, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short NTAP slightly near 67.51, target 65.74, Stop Loss @ 67.7. Details
  • The technical summary data is suggesting a short of NTAP if it tests 67.51 with a downside target of 65.74. We should have a stop loss in place at 67.7 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 67.51, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for NTAP
  • Buy NTAP slightly over 67.12, target 67.51, Stop Loss @ 66.96 Details
  • If 67.12 begins to break higher, the technical summary data tells us to buy NTAP just slightly over 67.12, with an upside target of 67.51. The data also tells us to set a stop loss @ 66.96 in case the stock turns against the trade. 67.12 is the first level of resistance above 66.01, and by rule, any break above resistance is a buy signal. In this case, 67.12, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short NTAP slightly near 67.12, target 65.74, Stop Loss @ 67.28. Details
  • The technical summary data is suggesting a short of NTAP if it tests 67.12 with a downside target of 65.74. We should have a stop loss in place at 67.28 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 67.12, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

NTAP Ratings for January 25:

Term →Near Mid Long
Rating Weak Strong Weak
P1 0 0 56.76
P2 65.45 65.74 63.92
P3 67.12 67.51 71.12
Triggers may have already come
Real Time Updates for Repeat Institutional Readers:

Factset: A username and password has been assigned to repeat institutional readers of our research though the Factset Portal. Use that for direct access, so you can get real time updates for NTAP.

Bloomberg, Reuters, Refinitiv, Zacks, or IB users can obtain these same updates by using the link below, and selecting a username and password manually.

Instructions:
  • Click the Get Real Time Updates button below.

  • In the login prompt, select forgot username

  • Type the email you use for Factset

  • Use the user/pass you receive to login

  • You will have 24/7 access to real time updates.

From then on you can just click to get the real time update whenever you want.

GET REAL TIME UPDATES

Price Based + Macro = Get an Edge on the Competition
  • Price matters most to making good timing decisions, and the MACRO picture defines how restrictive you need to be with entry levels. Together, these are powerful.

  • Review our Global Liquidity Report from December 2021 to see how our Macro work can foretell future market conditions. Look for the word “Volatility.”

Our Market Crash Leading Indicator is Evitar Corte.
  • Evitar Corte warned of market crash risk four times since 2000.

  • Using the FOMCs Monetary Policy as a key variable in the quant.

  • It identified the Internet Debacle before it happened.

  • It identified the Credit Crisis before it happened.

  • It also offered a warning prior to that period of time in 2019 when overnight lending spiked to 8.5%, but that amounted to nothing, and the conditions to become exposed resurfaced in Oct-Nov 2019.

  • It identified the Corona Crash too, and protected investors from 21% of that loss.

  • See what Evitar Corte is Saying Now.

Get Notified When our Ratings Change: Take a Trial

Chart of NTAP with Longer Term Pivots

Blue = Current Price
Red= Resistance
Green = Support


NTAP Long Term Analysis for January 25 2023

This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Netapp (NASDAQ: NTAP) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for NTAP can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports

Graph of Evitar Corte vs S&P 500

AD