Stock Analysis: Arista Networks Inc (ANET)

Stock Analysis for Arista Networks Inc (ANET)

The Interpreter
Hey Friend, I'm analysing ARISTA NETWORKS INC (ANET), and it is between the Support of $ 268.52 (Triangle Projection Level 0) and the Resistance of $ 276.53 (PivotR1). The stock is also approaching the line of PivotR1 at $ 276.53, and if it goes above this line it could reach the next Resistance of 100% of Fibonacci at $ 277.22.

Arista Networks Inc (ANET)

$ 274.40 +4.8%

Last Close 03-May-24

Trade ANET Now

Supports

Next Support: $ 268.52

Pivot: $ 258.42
Fibonacci 61.8%: $ 257.88
Triangle Level (0): $ 268.52

Resistances

Next Resistance: $ 276.53

Pivot R1: $ 276.53
Fibonacci 100%: $ 277.22
Triangle Level (0): $ 329.63

Supports and Resistances

Click to Enlarge

Candlesticks, "48-hour" Trade Signals +

Date	Price $	Result %	Candle Name	Side
001 12 Mar 2024	Buy Price: 281.86	Profit: Close Day2 ($ 284.02)	Abandoned Baby	Buy
002 05 Mar 2024	Sell Price: 280.47	Loss: Close Day2 ($ 286.57)	Abandoned Baby	Sell
003 12 Feb 2024	Sell Price: 280.88	Profit: Open Day1 ($ 257.89)	Engulfing	Sell
004 17 Jan 2024	Sell Price: 248.99	Loss: Close Day2 ($ 263.50)	Abandoned Baby	Sell
005 15 Nov 2023	Sell Price: 213.74	Profit: Open Day1 ($ 209.49)	Engulfing	Sell
006 15 Nov 2023	Sell Price: 213.89	Profit: Open Day1 ($ 209.49)	Dark Cloud Cover	Sell
007 08 Aug 2023	Buy Price: 180.45	Profit: Open Day1 ($ 180.52)	Engulfing	Buy
008 07 Aug 2023	Sell Price: 179.13	Profit: Open Day1 ($ 179.00)	Engulfing	Sell
009 07 Aug 2023	Sell Price: 179.27	Profit: Open Day1 ($ 179.00)	Dark Cloud Cover	Sell
010 17 Jul 2023	Buy Price: 170.42	Profit: Close Day1 ($ 173.51)	Engulfing	Buy
011 31 May 2023	Sell Price: 166.34	Profit: Open Day1 ($ 165.80)	Abandoned Baby	Sell
012One Year Average	Both Sides Result for 11 Signals	Profit: $ 17.29 ($ 1.57 / Signal) +7.9% Gross in 1 Year	All of Them	Buy + Sell

Trading Rules for Candlesticks Patterns.

Buy or Sell on the same day of the signal, during the after-hours trading session.
Watch the Opening and Closing of the next 2 days (4 in total).
Immediately exit the Trade when one of them (Open or Close, Day 1 or 2) gives you a profit.
The table above will show the first Profit opportunity, but not in real-time. Therefore, you must watch the market in real-time with your broker.

Remember: The returns an asset made in the past don't mean that future returns will be the same.

Backtest Lab, "Buy The Dip" Trade Signals +

Find The Lastest Buy Signals for ANET Below.

Please Subscribe to See
The Latest Trade Signals

Moving Averages +

Bought Moving Averages

Sold Moving Averages

Simple Moving Averages (SMA) Period	Value $	Signal	Exponential Moving Averages (EMA) Period	Value $	Signal
2	268.11	BUY	2	269.64	BUY
3	263.81	BUY	3	267.05	BUY
5	262.33	BUY	5	264.41	BUY
8	261.99	BUY	8	262.99	BUY
13	258.08	BUY	13	263.83	BUY
21	267.94	BUY	21	267.12	BUY
34	278.54	SELL	34	270.46	BUY
55	277.11	SELL	55	270.18	BUY
90	269.00	BUY	90	262.99	BUY
200	228.75	BUY	200	235.40	BUY

Company Info +

Name & IPO

Arista Networks Inc
IPO: 2014-06-06

Stock Ticker & Exchange

Ticker: ANETIndices: S&P 500,
Exchange: New York Stock Exchange, Inc. (US - USD)

Contact

Website: https://www.arista.com/en/
Phone:

Stock Type

Common Stock

SIC Office

Technology ()

Industry

Computer Communications Equipment

EIN

Fiscal Year End

State of Inc.

Balance Sheets +

in USD millions (if not decimal) - Dictionary

Income Statement +

in USD millions (if not decimal) - Dictionary

Statements sources
The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.