Arista Networks, Inc. (ANET) stock forecasts

Summary

Tuesday was another rough day for some of the biggest stock market winners since 2024, with the Nasdaq and S&P 100 ( OEX ) falling 0.2%, the Nasdaq 100 ( QQQ ) off 0.1%, and the Invesco S&P 500 Top 50 ( XLG ) down 0.4%. On the other hedge, the NYSE Composite added 0.7%, the S&P MidCap 400 ( MDY ) added 1.2%, and the S&P SmallCap 600 added 1.4% (after testing its 200-day moving average on Monday). In the past, these secondary indexes seem to be trying to find short-term bottoms, while mega-caps continue to hit retracement lows. While we’d like to say the coast is clear for small-cap and mid-cap stocks and indices, it may be too early. If we were to lean in one direction, we would go with the most beautiful chart – and that is from the middle cap. MDI is less than 7% from its all-time closing high of November 25. The daily cycle indicator is going to bullish; The daily moving-average converging/divergent (MACD) is in negative territory but has risen. The five-day/13-day EMA crossover is close to turning bullish for the first time since early November 2024. The ETF remains above the 200-day and 40-week simple moving averages. And mid-caps are seeing some relative stren