Nutanix Stock Technical Analysis

NTNX Stock  USD 60.89  0.18  0.29%   
As of the 25th of April, Nutanix secures the Downside Deviation of 2.21, mean deviation of 1.89, and Risk Adjusted Performance of 0.0573. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Nutanix, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We were able to interpolate nineteen technical drivers for Nutanix, which can be compared to its peers in the industry. Please verify Nutanix information ratio and downside variance to decide if Nutanix is priced some-what accurately, providing market reflects its recent price of 60.89 per share. Given that Nutanix has jensen alpha of 0.0771, we recommend you to check Nutanix's last-minute market performance to make sure the company can sustain itself at a future point.

Nutanix Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Nutanix, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Nutanix
  
Nutanix's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Nutanix Analyst Consensus

Target PriceAdvice# of Analysts
43.77Strong Buy17Odds
Nutanix current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Nutanix analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Nutanix stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Nutanix, talking to its executives and customers, or listening to Nutanix conference calls.
Nutanix Analyst Advice Details
Nutanix technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Nutanix technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Nutanix trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Nutanix Technical Analysis

Indicator
Time Period
Execute Indicator
The output start index for this execution was three with a total number of output elements of fifty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Nutanix volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Nutanix Trend Analysis

Use this graph to draw trend lines for Nutanix. You can use it to identify possible trend reversals for Nutanix as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Nutanix price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Nutanix Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Nutanix applied against its price change over selected period. The best fit line has a slop of   0.11  , which means Nutanix will continue generating value for investors. It has 122 observation points and a regression sum of squares at 449.44, which is the sum of squared deviations for the predicted Nutanix price change compared to its average price change.

About Nutanix Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Nutanix on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Nutanix based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Nutanix price pattern first instead of the macroeconomic environment surrounding Nutanix. By analyzing Nutanix's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Nutanix's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Nutanix specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2022 2023 2024 (projected)
Dividend Yield0.02020.0051510.0059240.005628
Price To Sales Ratio2.123.784.354.13

Nutanix April 25, 2024 Technical Indicators

Most technical analysis of Nutanix help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Nutanix from various momentum indicators to cycle indicators. When you analyze Nutanix charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Nutanix April 25, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Nutanix stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
When determining whether Nutanix offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Nutanix's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Nutanix Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Nutanix Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nutanix. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
For more information on how to buy Nutanix Stock please use our How to Invest in Nutanix guide.
You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.

Complementary Tools for Nutanix Stock analysis

When running Nutanix's price analysis, check to measure Nutanix's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nutanix is operating at the current time. Most of Nutanix's value examination focuses on studying past and present price action to predict the probability of Nutanix's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nutanix's price. Additionally, you may evaluate how the addition of Nutanix to your portfolios can decrease your overall portfolio volatility.
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Is Nutanix's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nutanix. If investors know Nutanix will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nutanix listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.28)
Revenue Per Share
8.432
Quarterly Revenue Growth
0.162
Return On Assets
(0.02)
The market value of Nutanix is measured differently than its book value, which is the value of Nutanix that is recorded on the company's balance sheet. Investors also form their own opinion of Nutanix's value that differs from its market value or its book value, called intrinsic value, which is Nutanix's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nutanix's market value can be influenced by many factors that don't directly affect Nutanix's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nutanix's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nutanix is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nutanix's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.