NTAP Stage 2 Uptrend Intact; Bull Flag Forms after 28.5% Run

Posted on by Eben@CANSLIM Research
NTAP daily stock chart with 10, 20, 50, 150 and 200-day moving averages, volume and RS line versus SPY, Stage 2 (Advancing), as of September 01, 2026 at 01:12 — CANSLIM Research

NetApp (NTAP) is trading in a confirmed Stage 2 uptrend, holding above a rising 30-week moving average with a 12.4% six-week slope. The stock has pulled back 9.8% from its recent high into a two-week consolidation, forming a bull flag pattern after a 28.5% advance.

The market is focused on this constructive pause, with seven of eight trend-template checks passing and price sitting 100% above its 52-week low. While the relative strength line has not yet reached a three-month high, the overall sentiment remains bullish with an offensive setup in place, awaiting a potential breakout above the 207.08 pivot.

As of 2026-08-31 · Close $186.76

Stage 2 (Advancing) — Price holding above a rising 30-week MA — uptrend intact (30-week MA 6-week slope: 12.38%)

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