Nutanix Inc (NTNX) “On a long-term technical basis, the stock (NTNX) is trading above its 200-day moving average which generally implies it is in a positive trend.

The stock has support at 25.60 and 23.87. If the stock breaks down through support at 25.60 then it will probably continue lower to 23.87. The stock has resistance at 37.88. The 200-day moving average is at 25.16. This will also act as support. However, the stock has broken out of its long-term downtrend according to the fibonacci fan, which is significant. If the stock can form new support above 25.60 look for a rally to previous highs. The stock is neutral according to the Stochastic Indicator (35.65).”