NTAP dominated by bulls lifting the market higher throughout the day


NetApp (NTAP) Technical Analysis Report for Jun 14, 2018 [< 1 min read]
Highlights
NTAP dominated by bulls lifting the market higher throughout the day
NTAP ends the day on a bullish note closing near the high of the day
NTAP pushes through previous session high
NTAP rises to highest close since December 12, 2000
TQ Sentiment
Report Sentiment: 75% Bullish
Technical Forecast:
Overview

NTAP finished Thursday at 77.50 gaining $1.39 (1.83%). Today's closing price of 77.50 marks the highest close since December 12, 2000. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Wednesday's high at 76.56, the market confirms its breakout through the prior session's high having traded $1.19 above it intraday. Ending with a strong close near the high of the day sets a bullish note for the next session.

Daily chart for NTAP
Volatility

Thursday's trading range was $1.39 (1.82%), that's slightly below last trading month's daily average range of $1.76. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being way above average.

Trend

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

Conclusion

Even though both sentiments are bullish for the next trading day, the classical technical analysis metrics are only bullish while our quantitative statistics show a very bullish sentiment.

Market Conditions for NetApp
Condition Forecast Direction Win Avg Worst Best Events
Close to R1 Resistance TQ Pro Members Only
Strong Up Move TQ Pro Members Only
Bullish Belt-hold TQ Pro Members Only
Decisive Up Move TQ Pro Members Only
White Candle TQ Pro Members Only
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