NetApp Stock Technical Analysis

NTAP
 Stock
  

USD 62.78  2.46  3.77%   

As of the 2nd of July, NetApp secures the mean deviation of 1.79, and Risk Adjusted Performance of (0.31). 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. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We were able to analyze nineteen technical drivers for NetApp, which can be compared to its peers in the industry. Please verify NetApp Inc information ratio, potential upside, as well as the relationship between the Potential Upside and kurtosis to decide if NetApp Inc is priced some-what accurately, providing market reflects its recent price of 62.78 per share. Given that NetApp Inc has jensen alpha of (0.26), we recommend you to check NetApp's last-minute market performance to make sure the company can sustain itself at a future point.
  
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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 NetApp
NetApp's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

NetApp Analyst Consensus

Target PriceAdvice# of Analysts
97.69Buy16Odds
NetApp Inc current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
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 Analyst Advice Details
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.
A focus of NetApp technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of NetApp trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

NetApp Inc Technical Analysis

Indicator
The output start index for this execution was one with a total number of output elements of sixty. The True Range is a measure of NetApp Inc volatility developed by Welles Wilder.
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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   -0.25  , which may suggest that NetApp Inc market price will keep on failing further. It has 122 observation points and a regression sum of squares at 2313.56, 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 stock 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.
 2010 2015 2020 2022 (projected)
Long Term Debt to Equity0.444.742.853.52
Interest Coverage132.69129.5717.5316.31

NetApp July 2, 2022 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.
Additionally, see Stocks Correlation. Note that the NetApp Inc information on this page should be used as a complementary analysis to other NetApp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

Complementary Tools for NetApp Stock analysis

When running NetApp Inc 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 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.
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Is NetApp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NetApp. If investors know NetApp will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NetApp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
-0.22
Market Capitalization
13.9 B
Quarterly Revenue Growth YOY
0.08
Return On Assets
0.0776
Return On Equity
1.23
The market value of NetApp Inc is measured differently than its book value, which is the value of NetApp that is recorded on the company's balance sheet. Investors also form their own opinion of NetApp's value that differs from its market value or its book value, called intrinsic value, which is NetApp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NetApp's market value can be influenced by many factors that don't directly affect NetApp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between NetApp's value and its price as these two are different measures arrived at by different means. Investors typically determine NetApp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NetApp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.