NetApp is a global cloud-led, data-centric software company. Co. provides software and cloud services that allow organizations to run their solutions from the data center to the cloud. Co.'s NetApp Subscriptions and Licensing subscription services provide a public cloud-like experience based on performance tier and storage service type, including block, file, or object, available as customer-managed or NetApp-managed solution. Co. and its partners provide assessment, design, and implementation services that help customers support their on-premises, private cloud, hybrid cloud, and/or public cloud information technology environments.
When researching a stock like NetApp, many investors are the most familiar with Fundamental Analysis — looking at a company's balance sheet, earnings, revenues, and what's happening in that company's underlying business. Investors who use Fundamental Analysis to identify good stocks to buy or sell can also benefit from NTAP Technical Analysis to help find a good entry or exit point. Technical Analysis is blind to the fundamentals and looks only at the trading data for NTAP stock — the real life supply and demand for the stock over time — and examines that data in different ways. One of those ways is to calculate a Simpe Moving Average ("SMA") by looking back a certain number of days. One of the most popular "longer look-backs" is the NTAP 200 day moving average ("NTAP 200 DMA"), while one of the most popular "shorter look-backs" is the NTAP 50 day moving average ("NTAP 50 DMA"). A chart showing both of these popular moving averages is shown on this page for NetApp. Comparing two moving averages against each other can be a useful visualization tool: by calculating the difference between the NTAP 200 DMA and the NTAP 50 DMA, we get a moving average convergence divergence indicator ("NTAP MACD"). The NTAP MACD chart, in conjunction with the chart of the moving averages, basically helps in visualizing how the moving averages are showing convergence (moving closer together), or divergence (moving farther apart). |
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Video: Technical Analysis