Netapp Inc Stock Technical Analysis
| NTAP Stock | USD 122.43 7.17 5.53% |
As of the 28th of November, NetApp secures the Standard Deviation of 1.99, risk adjusted performance of 0.0034, and Mean Deviation of 1.38. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of NetApp Inc, as well as the relationship between them.
NetApp Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as NetApp, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to NetAppNetApp |
NetApp Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 80.67 | Buy | 21 | Odds |
Most NetApp analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand NetApp stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of NetApp Inc, talking to its executives and customers, or listening to NetApp conference calls.
NetApp technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
NetApp Inc Technical Analysis
The output start index for this execution was fourteen with a total number of output elements of fourty-seven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of NetApp Inc volatility. High ATR values indicate high volatility, and low values indicate low volatility.
NetApp Inc Trend Analysis
Use this graph to draw trend lines for NetApp Inc. You can use it to identify possible trend reversals for NetApp as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual NetApp price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.NetApp Best Fit Change Line
The following chart estimates an ordinary least squares regression model for NetApp Inc applied against its price change over selected period. The best fit line has a slop of 0.07 , which means NetApp Inc will continue generating value for investors. It has 122 observation points and a regression sum of squares at 191.59, which is the sum of squared deviations for the predicted NetApp price change compared to its average price change.About NetApp Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of NetApp Inc on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of NetApp Inc based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on NetApp Inc price pattern first instead of the macroeconomic environment surrounding NetApp Inc. By analyzing NetApp's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of NetApp's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to NetApp specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2015 | 2020 | 2024 (projected) | Dividend Yield | 0.0443 | 0.0197 | 0.0258 | Price To Sales Ratio | 1.83 | 3.36 | 2.89 |
NetApp November 28, 2024 Technical Indicators
Most technical analysis of NetApp help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for NetApp from various momentum indicators to cycle indicators. When you analyze NetApp charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0034 | |||
| Market Risk Adjusted Performance | (0.01) | |||
| Mean Deviation | 1.38 | |||
| Coefficient Of Variation | (28,077) | |||
| Standard Deviation | 1.99 | |||
| Variance | 3.96 | |||
| Information Ratio | (0.07) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | (0.02) | |||
| Maximum Drawdown | 10.11 | |||
| Value At Risk | (2.91) | |||
| Potential Upside | 2.62 | |||
| Skewness | (1.82) | |||
| Kurtosis | 7.55 |
Additional Tools for NetApp Stock Analysis
When running NetApp's price analysis, check to measure NetApp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NetApp is operating at the current time. Most of NetApp's value examination focuses on studying past and present price action to predict the probability of NetApp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NetApp's price. Additionally, you may evaluate how the addition of NetApp to your portfolios can decrease your overall portfolio volatility.