EXTR Technical Analysis - EXTREME NETWORKS INC

Technical Rating and Analysis

Taking everything into account, EXTR scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, EXTR is showing a nice and steady performance.

The long and short term trends are both positive. This is looking good!

Looking at the yearly performance, EXTR did better than 89% of all other stocks.

EXTR is one of the better performing stocks in the Communications Equipment industry, it outperforms 70% of 48 stocks in the same industry.

EXTR is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month EXTR has a been trading in the 19.43 - 22.89 range, which is quite wide. It is currently trading near the high of this range.

EXTR has an average volume of 1306750 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

EXTREME NETWORKS INC / EXTR Weekly stock chart

EXTREME NETWORKS INC / EXTR Daily stock chart

Setup Rating and Analysis

EXTR has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

18.39

23.08

We found 2 important support areas.

A support zone ranging from 19.65 to 19.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @18.58 from a trend line in the daily time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 22.54 to 22.85. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for EXTR is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for EXTR is up.
ChartMill Relative Strength	89.06	POSITIVE	EXTR has a high relative strength, it outperformed 89.06% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of EXTR is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of EXTR is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of EXTR is above the rising SMA(200).
Relative Strength Index/RSI (14)	65	NEUTRAL	The RSI value for EXTR is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.02	NEGATIVE	The MACD value suggests EXTR has a negative trend.
Stochastics (14,3)	77.97	NEUTRAL	The Stochastics value for EXTR is a neutral value.
Average True Range in percent/ATR (20)	2.6	MEDIUM VOLATILITY	The ATR as a percentage value for EXTR suggests some volalility.
Average Directional Index/ADX (14)	37.22	POSITIVE	The high ADX value value for EXTR suggests a strong trend.