Arista Networks Inc (ANET): Price Now Near $305.88; Daily Chart Shows An Uptrend on 50 Day Basis

The Hourly View for ANET

At the moment, ANET (Get Ratings)’s price is down $-2.47 (-0.8%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as ANET has now gone down 4 of the past 5 hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. Of note is that the 200 hour changed directions on ANET; it is now pointing down. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

ANET ranks 70th in terms of today’s price percentage change out of Computers stocks.

ANET’s Technical Outlook on the Daily Chart

Currently, ANET’s price is down $-8.78 (-2.79%) from the day prior. This is the 3rd day in a row ANET has seen its price head down. As for the trend on the daily timeframe, we see the clearest trend on the 50 day timeframe. Of note is that the 20 day changed directions on ANET; it is now pointing down. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows ANET’s price action over the past 90 days.

ANET

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