Here’s Why Arista Networks, Inc. (NYSE:ANET) Dropped -1.9%

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After completing its last trading session, Arista Networks, Inc. (NYSE:ANET) dropped by -1.9% – here is what that looked like (as of 2020-01-06):

What’s the reason for these moves? To grasp this action better, it is helpful to analyze some technical indicators. The most important ones are as follows:

A Money Flow Index (MFI) of 51.039, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of 0.104, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 3.775, an Accumulation/Distribution Index (ADI) of 3.775, an On-Balance Volume (OBV) of 1244.276, and a Chaiikin Money Flow (CMF) of 204.72. 1.794

Now let’s take all these indicators into account. According to Trading View, we can conclude the following:

That is what an analysis of technical indicators seems to indicate for Arista Networks, Inc. (NYSE:ANET). Note this is technical analysis only! You should do fundamental research as well, and do not just rely on this – we take no responsibility for any losses incurred if you buy or sell based on the above.