NetApp Inc (NTAP)
NetApp, Inc. is an American hybrid cloud data services and data management company headquartered in Sunnyvale, California. Founded in 1992 with an IPO in 1995, NetApp offers cloud data services for management of applications and data both online and physically.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 22.22% per annum.
- NTAP price at the close of August 25, 2025 was $111.01 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 103.78% per annum.
- NTAP price at the close of August 25, 2025 was inside the secondary price channel.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of NTAP price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: May 31, 2024
End date: August 11, 2025
a = 5.8049
b = -0.0007
s = 0.0930
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0007) – 1
= -22.22%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0930) – 1
= 45.07%
May 31, 2024 calculations
Top border of price channel:
Exp(Y946)
= Exp(a + b × X946 + 2 × s)
= Exp(a + b × 1,374 + 2 × s)
= Exp(5.8049 + -0.0007 × 1,374 + 2 × 0.0930)
= Exp(5.0448)
= $155.21
Bottom border of price channel:
Exp(Y946)
= Exp(a + b × X946 – 2 × s)
= Exp(a + b × 1,374 – 2 × s)
= Exp(5.8049 + -0.0007 × 1,374 – 2 × 0.0930)
= Exp(4.6728)
= $106.99
August 11, 2025 calculations
Top border of price channel:
Exp(Y1,244)
= Exp(a + b × X1,244 + 2 × s)
= Exp(a + b × 1,811 + 2 × s)
= Exp(5.8049 + -0.0007 × 1,811 + 2 × 0.0930)
= Exp(4.7439)
= $114.88
Bottom border of price channel:
Exp(Y1,244)
= Exp(a + b × X1,244 – 2 × s)
= Exp(a + b × 1,811 – 2 × s)
= Exp(5.8049 + -0.0007 × 1,811 – 2 × 0.0930)
= Exp(4.3719)
= $79.19
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 22.22% per annum.
- NTAP price at the close of August 25, 2025 was $111.01 and was inside the primary price channel.
Secondary Trend
Start date: March 27, 2025
End date: August 25, 2025
a = 1.1747
b = 0.0020
s = 0.0481
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0020) – 1
= 103.78%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0481) – 1
= 21.22%
March 27, 2025 calculations
Top border of price channel:
Exp(Y1,151)
= Exp(a + b × X1,151 + 2 × s)
= Exp(a + b × 1,674 + 2 × s)
= Exp(1.1747 + 0.0020 × 1,674 + 2 × 0.0481)
= Exp(4.5358)
= $93.29
Bottom border of price channel:
Exp(Y1,151)
= Exp(a + b × X1,151 – 2 × s)
= Exp(a + b × 1,674 – 2 × s)
= Exp(1.1747 + 0.0020 × 1,674 – 2 × 0.0481)
= Exp(4.3433)
= $76.96
August 25, 2025 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(1.1747 + 0.0020 × 1,825 + 2 × 0.0481)
= Exp(4.8302)
= $125.24
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(1.1747 + 0.0020 × 1,825 – 2 × 0.0481)
= Exp(4.6378)
= $103.31
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 103.78% per annum.
- NTAP price at the close of August 25, 2025 was inside the secondary price channel.