Nutanix, Inc. (NASDAQ:NTNX) Key Indicators And Emerging Themes

Nutanix, Inc. (NASDAQ:NTNX) fell by -3.19% in Thursday’s trading session from $26.66 to $25.81. The price has been moving in both directions for this period, and there has been a 15.07% gain over 10-day period. There was a decrease in both volume and price. This is usually interpreted as a good sign as traders widely believe falling stock should see declining volume. Traded activity experienced a fall of -2.07 million shares and in total 5.28 M shares exchanged hands for about $136.33 million.

Inside NTNX’s Recent Trend

Nutanix, Inc. (NTNX) lies in the upper part of a wide and weak rising trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $26.68 will firstly indicate a stronger raising rate. Short-term traders are predicted to see a rally of 6.3% over the course of a quarter and, with 90% chance the price will be floating in the range of $23.16 and $28.36 in this timeframe.

Nutanix, Inc. Technical Signals

NTNX has witnessed its long term and short term MA triggering a buy signal. Many traders watch for short-term averages to cross above long-term averages to signal the beginning of a uptrend. Upon corrections, the price will meet support from the averages between $24.37 and $22.80. A break down through these support points will trigger sell signals. Some other technical concerns emerged as well, putting in risk the future growth of the stock in the next couple of days. Its pivot point high generated sell signal on Wednesday October 11, 2017, which calls for additional declines until the stock forms a new pivot point low, as this could be a buying opportunity. The downbeat movement of both volume and price during the recent session is interpreted as a good sign because traders usually believe falling stock should see declining volume.

Nutanix, Inc. (NASDAQ:NTNX) Support And Resistance Levels

Nutanix, Inc. (NTNX) recorded volume accumulation so there will probably be a surplus of buyers at $25.61. In case of gains, the next resistance from accumulated volume will not be far away from today’s level at $26.66.

Accumulated volume is going to prevent the price from rising further at $26.66 and this action will lead the price to take a temporary pause or stay muted for a few days.

Nutanix, Inc. (NTNX) Risk Assessment

A volatility based measure Bollinger Bands suggests this stock poses high risk. In the most recent session, the stock price hovered around $1.53 between high and low, or 6.07%. The average volatility for the past week stood at 5.16%.

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