Nutanix's 15min chart: MACD Death Cross, Bearish Marubozu signal detected.

Nutanix's 15-minute chart has triggered a MACD Death Cross and a Bearish Marubozu at 10:15 AM on October 15th, indicating a potential continuation of downward momentum. Sellers are in control of the market, and this bearish trend is likely to persist.

Nutanix (NTNX), a leading enterprise cloud platform services provider, experienced a significant drop in its stock price, down 1.39% to $67.94, following a 10:15 AM MACD Death Cross and Bearish Marubozu on October 15th. This technical indicator suggests a potential continuation of downward momentum, with sellers currently in control of the market.

Over the past month, Nutanix's shares have decreased by 11.9%, lagging behind the Computer and Technology sector's gain of 3.34% and the S&P 500's gain of 1.14%, according to a Yahoo Finance report https://sg.finance.yahoo.com/news/nutanix-ntnx-registers-bigger-fall-215005059.html. Analysts and investors are closely monitoring the company's upcoming earnings disclosure, with forecasts indicating an EPS of $0.41, a 2.38% decrease from the prior year's corresponding quarter, according to Yahoo Finance https://finance.yahoo.com/news/nutanix-ntnx-registers-bigger-fall-215005059.html.

For the full year, the Zacks Consensus Estimates predict earnings of $1.9 per share and revenue of $2.92 billion, representing changes of +17.28% and +15.17%, respectively, from the previous year. The recent upward revisions in analyst estimates for Nutanix are seen as a positive sign for the business outlook, as they correlate with near-term stock prices, as noted in the Yahoo coverage.

Valuation-wise, Nutanix is currently trading at a Forward P/E ratio of 36.32, which is higher than the industry average Forward P/E of 16.45. The company's PEG ratio of 2.6 also indicates a premium relative to the industry average of 1.72. The Computers - IT Services industry, part of the Computer and Technology sector, ranks 43 out of 250+ industries, placing it in the top 18%, according to the same Yahoo coverage.

Investors should closely watch Nutanix's performance in the coming trading sessions, utilizing tools like the Zacks Rank to gauge its potential. For the latest recommendations from Zacks Investment Research, visit Zacks.com https://www.zacks.com.