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Stock Trend Analysis Report

Prepared for you on Monday, March 27, 2023.

NetApp, Inc. (NASDAQ:NTAP)

Long-Term Downtrend (-90) - NTAP is in a strong downtrend that is likely to continue. While NTAP is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid NTAP?

MarketClub looks at technical strength and momentum to determine if the timing is right for NTAP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open High Low NTAP Price Change
61.360 61.500 61.280 61.375 +0.315
Entry Signal

MarketClub’s Trade Triangles for NTAP

long term down The long-term trend has been DOWN since Oct 13th, 2022 at 61.26

intermediate term down The intermediate-term trend has been DOWN since Feb 23rd, 2023 at 64.23

short term down The short-term trend has been DOWN since Mar 23rd, 2023 at 61.42

Smart Scan Analysis for NTAP

Based on our trend formula, NTAP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for NTAP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
61.360 61.500 61.280 61.375 +0.315
Prev. Close Volume Bid Ask Time
61.060 28885 2023-03-27 09:36:21
Year High88.08Year High Date2018-09-05
Year Low52Year Low Date2018-02-15
52wk High88.5352wk High Date2022-03-30
52wk Low58.0852wk Low Date2022-12-28
Year End Close33.55Average Volume2,131,583
Shares Outstanding213,905Short Interest14,429,318
% Institutional90.7Market Cap13,375M
P/E Ratio9.2515Beta1.69
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