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What Investors Can Expect from NetApp in Fiscal 1Q18

PART:
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Part 3
What Investors Can Expect from NetApp in Fiscal 1Q18 PART 3 OF 6

Where NetApp Is Trading Compared to Moving Averages in August 2017

Stock returns

In the trailing-12-month period, NetApp (NTAP) stock has risen 50%. In the last month, it has risen 7%. Since the start of 2017, the stock has increased 17% after rising more than 35% in 2016. It has, however, fallen 3.8% in the last five trading days. Since its fiscal 4Q17 results were announced on May 24, 2017, NetApp stock has risen 4.4%.

In comparison, the stock prices of peer storage companies IBM (IBM), Hewlett Packard Enterprise (HPE), Western Digital (WDC), and Seagate (STX) have generated returns of -13%, 6%, 83%, and -18%, respectively, in the trailing-12-month period.

Where NetApp Is Trading Compared to Moving Averages in August 2017

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Moving averages

On August 10, 2017, NetApp closed the trading day at $41.28. Based on this price, here’s how the stock fared in terms of its moving averages:

  • 1.5% above its 100-day moving average of $40.69
  • 0.8% above its 50-day moving average of $40.97
  • 5.2% below its 20-day moving average of $43.55

MACD and RSI

NetApp’s 14-day moving average convergence divergence (or MACD) is about -1.3. A stock’s MACD is the difference between its short-term and long-term moving averages. NetApp’s negative figure indicates a downward trading trend.

NetApp has a 14-day RSI (relative strength index) score of 39, which shows the stock has been somewhat oversold. Generally, if an RSI is above 70, it indicates that a stock has been overbought. An RSI figure below 30 suggests that a stock has been oversold.

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