Arista Networks, Inc. (ANET) stock price recorded continued losses in its latest intraday trading, with negative signals coming from the RSI after it had previously reached extremely overbought levels. The stock has now moved below its SMA50, increasing downside pressure, under the dominance of a short-term corrective downtrend.

Therefore we expect the stock price to decline in upcoming trading, as long as it remains below the $136.80 resistance level, to target the key support at $121.00.

Todays price forecast: Bearish