US stocks · technology · just below the all-time high
Arista Networks adds 0.4% as the ADX climbs for a 9th week just below the record high
Our view last week
Arista Networks closed the week up 3.6%, after a 4% rebound off its 20-day average, tested in the 199 area, and is back within 4% of its all-time high. A week ago money flow was slowing; now it is picking up again, and the weekly MACD histogram is turning higher. For Arista Networks stock, one of the tech stocks near record territory, the price action still carries a warning: buyers slip to 59% of volume, from 92% two weeks ago. Worth watching for swing traders.
This week's summary
Arista Networks closed up 0.4% in a week that took it close to its all-time high without clearing it, while the rebound off the 20-day average, in the 201 area, held. The weekly ADX has been rising for 9 weeks and money flow keeps improving. A week ago the MACD histogram was turning higher: now it slips again, the detail this technical analysis of Arista Networks stock puts up front. A patient swing trading picture, among tech stocks near record territory.
IQS Phase
63
ordinary
Signal Strength
42
medium · weak
Sizing
REDUCED
Ranking
#79 / 93
US stocks in progress
Trade P&L %
+22.21%
from signal to date, no stop loss
Arista Networks (ANET) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 79th among the 93 Longs already running for US stocks in our ranking, with a signal strength of 42 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimein strong phase
Performanceweekly +1.80% · monthly +8.83%
ANET belongs to the growth tech sector (reference ETF XLK). The sector is classified in strong phase according to our weekly reading.
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