F5 Networks Inc (FFIV): Price Now Near $211; Daily Chart Shows An Uptrend on 100 Day Basis

The Hourly View for FFIV

At the moment, FFIV (Get Ratings)’s price is down $-3.36 (-1.57%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

FFIV’s Technical Outlook on the Daily Chart

At the time of this writing, FFIV’s price is up $0.65 (0.31%) from the day prior. The daily chart shows that FFIV has seen 3 straight up days. Regarding the trend, note that the strongest trend exists on the 20 day timeframe. 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 FFIV’s price action over the past 90 days.

FFIV

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