Stand aside — setup invalidated
Setup score 84, but distribution days reach 5 or more — stand aside until the condition resets.
Simple research view
NTAP · NetApp, Inc.
$183.60 -0.62% Sep 10 close
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$NTAP
NetApp, Inc.NetApp, Inc. is a large-cap Computer Peripherals company in the Electronic Technology sector with a market cap of $36B.
Verdict · setup score 84/100 · data Sep 10 close · 1 session old
Stand aside — setup invalidated
Setup score 84, but distribution days reach 5 or more — stand aside until the condition resets.
Earnings
Normal technical setup
Next earnings
Wednesday, September 2, 2026
After market close
Exact clock time not supplied by source
Deterministic evidence
Reported EPS 2.58 vs estimate 2.1613 · surprise +19.4%
NTAP-0.62%
Sector proxy · XLK-1.41%
Broad market · SPY-0.60%
⚠ Expectations warningPositive catalyst, negative tape: EPS beat estimates by 19.4%, while price fell 0.6%. Treat the mismatch as expectations/distribution evidence, not as a bullish confirmation.
Session internals Mixed
Rule: direction and internals disagree — it met neither the strong nor the weak rule. Judged on internals, not on the size of the move.
Vs prior close-0.62%
From the open-0.62%
Range position35%
GapNo gap
QQQ confirmationConfirming (-1.06%)
SMH confirmationConfirming (-2.44%)
Short-term conviction -2 points.
Price bars, sourced event fields, and benchmark math only. This can adjust displayed short-term conviction; it does not change the stored scanner score or readiness.
- Strong positive catalyst received negative stock confirmation; the sector was weak.
Ask a Legend to interpret this evidence → Commentary only — never scanner evidence or a sizing recommendation.
More stats
52W Low
$93.69
Tight Wks
0
Base
B2
SMA 200
$131.83
RS Line vs High
-9.2%
RS Line Slope
-8.1% ▼
Group Rank
#5/58
ADR%
4.1%
ATR(14)
$8.11 (4.4%)
Vol Pace (live)
N/A
U/D Vol
0.61
A/D Days
14A / 14D
A/D Rating
C
VDU Bars
0/10 d
NTAP Chart
Interactive price, volume, RS, RSI, and MACD charts are available after sign in.
Technical Analysis Report Card
$NTAP · $183.60 · as of 2026-09-10 · multi-factor read
69
/ 100
Reference read from price & volume only — the verdict at the top of the page decides the action.
Trend · Daily / Weekly / Monthly
Daily
▬ Sideways / consolidating
Weekly
▲ Uptrend
Monthly
▲ Uptrend
Moving Averages
50-day$180.60 ↑
100-day$159.34 ↑
200-day$131.83 ↑
Bullish (50 > 200)
RSI (14)
Reading46.8 · Neutral
Neutral — momentum is balanced between buyers and sellers.
MACD (12/26/9)
StateWeakening
Histogram-1.599
Weakening — MACD slipped below its signal line. Histogram expanding.
Bollinger Bands (20,2)
%B / Width27% · 16.9%
Mid-band — no directional band edge in play.
Volume · Buyer vs Seller
Up/Down vol0.61 · Distribution
Rel volume0.72×
Distribution — volume is concentrated on down days; sellers dominate. Recent volume is expanding versus its baseline.
Support & Resistance
R · $192.83swing level
R · $209.0652-week high
Price · $183.60now
S · $156.26swing level
S · $149.27swing level
S · $97.00swing level
Fibonacci · Uptrend swing
23.6% ◄ price here$182.12
38.2%$165.45
50.0%$151.97
61.8%$138.50
78.6%$119.32
Retracement support zones measured from the recent swing low up to the high.
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Weekly uptrendMonthly uptrendAbove 200-day MA50/200 bullishVolume distributionRS 87 (leader)
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Generic technical analysis generated mechanically from price & volume — educational research only, not financial advice or a personalized recommendation. Levels are illustrative; confirm on your own chart. New to these terms? →
Legend Verdicts
6 methodology checks
Who would consider this setup, why it qualifies, and what blocks it — calculated from the same deterministic methodology rules used across Legend AI.
Council consensus:
5 of 6 legends are Watching — building, not yet a confirmed buy.
Watch
Minervini C
Trend-template read: 7/10 pass; wait for the soft misses to improve.
Passing evidence
1.1 Price > 150-day MA AND 200-day MAPrice $183.60, MA150 $139.89, MA200 $131.83
1.2 150-day MA > 200-day MAMA150 $139.89 vs MA200 $131.83
Failing evidence
2. Quarterly EPS growth ≥ 25%From SEPA scan
2. ROE ≥ 17%From SEPA scan
Avoid
O'Neil D
CANSLIM read: fails C: Quarterly EPS acceleration ≥ 25%.
Passing evidence
L: RS rank ≥ 80 (IBD leadership)RS rank 87
N: Near 52-week high or RS line new high12.2% below high | RS line new high: False
Failing evidence
C: Quarterly EPS acceleration ≥ 25%Data unavailable
A: Annual earnings & revenue qualityRev +5.6%
Watch
Weinstein C
Stage-analysis read: Stage 2 is present; 2 supporting checks need improvement.
Passing evidence
Stage 2 (Advancing phase) confirmedStage 2 (Advancing)
Price above 30-week MA (200-day proxy)Price $183.60 vs MA200 $131.83
Failing evidence
Volume expansion above averageVolume ratio 0.72x
Weekly price coiling (Stage 2 consolidation)Tightening weekly range confirms base
Watch
Livermore B
Pivotal-point read: constructive evidence is present, but volume vs average is unresolved.
Passing evidence
Price$183.60
Relative strengthRS 87
Failing evidence
Volume vs average0.72x
Pivotal point cleared on expanding volumeNot confirmed
Watch
Darvas B
Box-theory read: constructive evidence is present, but volume vs average is unresolved.
Passing evidence
Price$183.60
Relative strengthRS 87
Failing evidence
Volume vs average0.72x
Box top broken on heavy volumeNot confirmed
Watch
Wyckoff B
Supply-and-demand read: constructive evidence is present, but volume vs average is unresolved.
Passing evidence
Price$183.60
Relative strengthRS 87
Failing evidence
Volume vs average0.72x
Sign of Strength confirmed on expanding volumePrice hasn't cleared the pivot yet — confirmation pending
Base & Breakout
Breakout follow-through
No active breakout tracked — Legend AI monitors daily for pivot-point breaks. What's a breakout?
RS Line vs SPY
52-week relative strength · blue = RS line · dashed = MA50 · dot = NH
▼ Falling
Accumulation / Distribution
last 65 sessions · green = acc on high vol · red = dist on high vol
Net +6
Fundamentals & leadership quality — Minervini’s published criteria · 3/7 met
C
3/7 criteria
Separate score from the Minervini Trend Template (8/8): the Trend Template grades the price structure, this grades the company & leadership (earnings, sales, margins, RS rank). A stock can ride a clean trend while its fundamentals lag, so the two often differ by design — they are not the same checklist.
EPS acceleration ≥25% QoQ
—
Revenue growth ≥20% YoY
+6%
Gross margin ≥30%
—
ROE ≥17%
—
RS rating ≥80 (leadership)
87
Stage 2 uptrend (Weinstein)
Stage 2
Within 25% of 52W high
-12.2%
Method Playbook
Trade it like Darvas
EXACT LEVELS · PRO
Darvas B · Watch — The deterministic methodology check is Watch; wait for the failing or incomplete criteria to improve before the trigger can qualify.
Pivot
Pro levelPublished-method rule: Use the top of the active Darvas box near the high as the mechanical breakout boundary.
Evidence: Canonical setup geometry is available with Pro.
Evidence: Canonical setup geometry is available with Pro.
Entry trigger
Pro levelPublished-method rule: Require price to clear the box top with volume confirmation; movement inside the box remains observation, not a trigger.
Evidence: Canonical setup geometry is available with Pro.
Evidence: Canonical setup geometry is available with Pro.
Initial stop
Pro levelPublished-method rule: Start below the active box support or the canonical structural stop that proves the breakout failed.
Evidence: Canonical setup geometry is available with Pro.
Evidence: Canonical setup geometry is available with Pro.
Trail
Rule-basedPublished-method rule: As higher boxes form, raise the stop beneath the newest confirmed box floor; the stop moves up only.
Evidence: Planned management rule; no stored stop or broker order is changed automatically.
Evidence: Planned management rule; no stored stop or broker order is changed automatically.
Exit / invalidation
Pro levelPublished-method rule: Exit when price breaks the active box floor or decisively falls back through the breakout structure.
Evidence: Canonical setup geometry is available with Pro.
Evidence: Canonical setup geometry is available with Pro.
Deterministic educational plan, not a recommendation. No order or stop is changed automatically. Method and sources →
The published-method workflow is public. Unlock exact pivot, entry, stop, target, and sizing with Pro →
Forming Patterns (predictive — not confirmed)
Head & Shoulders
bearish
forming
75%
built
Possible head & shoulders top — not confirmed. Watch for a daily close below ~161.98 (neckline) to confirm, with measured-move risk toward ~114.89. A push back above 190.79 weakens the pattern; reclaiming 209.06 invalidates it.
Confirms below
161.98
Invalidates at
209.06
Left Shoulder
192.83
Head
209.06
Right Shoulder
190.79
Neckline
161.98
Target
114.89
LS 192.83 / head 209.06 / RS 190.79, neckline ~161.98, vol_fading=no
Predictive pattern recognition is educational — most forming structures never confirm. Wait for the confirmation level before treating this as a setup.
Pattern Analysis
84
setup score
RS Score
87
Trend template
8/8 ✓
Why This Setup?
Trend Only · schematic
Gatekeeper 8/8 | Strong trend (8/8) | Top RS (87) | Stage 2 | Recent gap-up (5d ago)
The Universal Edge Check · context only
What the setup still has going for it, recorded for later. The verdict above stands — these principles do not overrule it.
2/7
universals met
- Risk is defined — not met No stop — undefined risk
- Asymmetric reward — partly met No target set
- Clear of earnings — partly met Report date unknown
- Not chasing (in range) — partly met Pivot distance unknown
- Volume confirms — partly met 0.7× average — light
- A relative-strength leader — met RS rank 84
- In a confirmed uptrend — met Stage 2 · Trend template 8/8
Minervini Trend Template
8/8 ✓Grades the price structure — moving-average stacking, distance from the 52-week high/low, and relative strength above the ≥70 uptrend bar. This is the technical trend check; the company's fundamentals and ≥80 RS leadership are scored separately in the Grade Card.
Price above SMA 150 & 200
$183.60 vs SMA150 $139.89 / SMA200 $131.83
SMA 150 above SMA 200
SMA150 $139.89 vs SMA200 $131.83
SMA 200 trending up
Slope +7.89 over 20 days
SMA 50 above SMA 150 & 200
SMA50 $180.60
Price above SMA 50
$183.60 vs SMA50 $180.60
30%+ above 52-week low
+96.0% from $93.69
Within 25% of 52-week high
-12.2% from $209.06
RS score above 70
RS 87
Fundamentals
52W Range
78%
Mkt Cap SEC
36.1B
Rev YoY
+6%
EPS TTM
$6.35
P/E TTM
28.9x
Float
196M
Company
Company profile
NetApp, Inc.
Weekly Context
Multi-timeframe signals from weekly barsW. Trend
8/8
W. RS
100
W. Support
$94.89
W. Resist
$209.06
Weekly Structure
Trend
Neutral
Tight Weeks
0
Confirmation
Neutral
Scan History
20× streakSep 11
Trend Only
✓ Gate
84
Sep 11
Trend Only
✓ Gate
83
Sep 10
Trend Only
✓ Gate
83
0.0%
Sep 09
Wyckoff SOS
✓ Gate
62
-0.6%
Sep 09
Wyckoff SOS
✓ Gate
62
-0.6%
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