Arista Networks: buy signal cooling near highs
Arista Networks climbs 3.2% on a clean double bottom near 153
Arista Networks: buy signal cooling near highs
Our view last week
After last week's 16.9% rally, Arista Networks gave back 9.8% this week, but the drop stopped right at the daily 50-day average (the 164 area), where the stock bounced 3%: price still holds above the Ichimoku cloud. Daily money flow stays positive, with 80% of volume on the buy side, and sellers are losing ground. The buy signal is in its fourth week and the highs are close, but already tested more than once: the disciplined move is to wait for a deeper pullback before adding weight.
This week's summary
The double bottom in the 153 area from two weeks ago keeps paying off: this week Arista Networks adds another 3.2%, pressing against the upper edge of the no-trade zone, in the 179 area, with sellers steadily losing ground. In this Arista Networks technical analysis the buy signal, now in its 5th week, is showing its first signs of fatigue: the disciplined move is to wait for a pullback before adding weight.
IQS Phase
57
ordinary
Signal Strength
59
medium
Sizing
STANDARD
Ranking
#67 / 124
US stocks in progress
Trade P&L %
+2.55%
from signal to today
Rank position
ranks 67th among the 124 Longs already running for US stocks in our ranking, with a signal strength of 59 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly +0.17% · monthly -3.92%
ANET belongs to the growth tech sector (reference ETF XLK). The sector is classified weak phase according to our weekly reading.
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