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Where Is NetApp Trading Compared to Moving Averages in September 2017?

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Shareholder returns

NetApp (NTAP) has generated returns of 17.3% since the start of 2017 and 19.2% in the trailing-12-month period. NetApp stock has risen 6% in the last one-month period, and the stock has increased 3.6% in the trailing-five-day period. NetApp generated returns of 37% in 2016 as well.

Among NetApp’s peers in the technology storage sector, Western Digital (WDC), Seagate Technology (STX), IBM (IBM), and Hewlett Packard Enterprise (HPE) have generated returns of 59%, -9%, -6%, and 4%, respectively, in the trailing-12-month period.

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Moving averages

On September 20, NetApp closed the trading day at $41.70. Based on this figure, here’s how NetApp fared in terms of its moving averages:

  • 3.1% above its 100-day moving average of $40.45
  • 1.0% above its 50-day moving average of $41.29
  • 5.9% above its 20-day moving average of $39.37

Analysts’ recommendations

Twenty-nine analysts are covering NetApp stock. Twelve analysts recommended a “buy,” three recommended a “sell,” and 14 recommended a “hold” on the stock.

NetApp’s average one-year stock price estimate is $45.26, with a median target estimate of $45.00. NetApp is trading at a discount of 8% to its analyst median estimate.

NetApp’s RSI and MACD

Moving average convergence divergence (or MACD) calculates the difference between a stock’s short-term and long-term moving averages. A negative MACD figure indicates a downward trading trend. NetApp’s 14-day MACD is -0.25.

NetApp’s 14-day RSI (relative strength index) is 79, which indicates that its stock is overbought. An RSI score below 30 suggests that a stock has been oversold, while an RSI score above 70 indicates that a stock has been overbought.

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