EXTREME NETWORKS INC (EXTR) Stock Technical Analysis
USA - NASDAQ:EXTR - US30226D1063 - Common Stock
Taking everything into account, EXTR scores 8 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.
EXTR has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 20.57, a Stop Loss order could be placed below this zone.
More info and screens
19.15
2 important support areas can be observed.
- A support zone ranging from 20.16 to 20.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 19.34 to 19.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @22.85 from a horizontal line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The short term trend for EXTR is neutral. |
| ChartMill Relative Strength | 84.03 | POSITIVE | EXTR has a high relative strength, it outperformed 84.03% 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 | MIXED | The current price of EXTR is below 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) | 50.49 | NEUTRAL | The RSI value for EXTR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests EXTR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.26 | OVERBOUGHT | The high Stochastics value suggests EXTR may be overbought. |
| Average True Range in percent/ATR (20) | 3.48 | MEDIUM VOLATILITY | The ATR as a percentage value for EXTR suggests some volalility. |
| Average Directional Index/ADX (14) | 14.36 | NEGATIVE | The low ADX value for EXTR suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 21.33 | 20.15 | 1.18 (5.53%) | 18.08% |
| An entry @21.33. This is a Buy Stop order right above the 10 day high. | An exit @20.15. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.18 points, which is 5.53%. | When investing 18.08% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
20.74
-0.15 (-0.72%)
EXTREME NETWORKS INC / EXTR FAQ
What is the technical rating for EXTR stock?
ChartMill assigns a technical rating of 8 / 10 to EXTR.
What is the trend direction for EXTR stock?
The current trend direction for EXTREME NETWORKS INC (EXTR) is Bullish.
What is the RSI signal for EXTR stock?
EXTREME NETWORKS INC (EXTR) has an RSI value of 50.4896. This indicates that the stock is currently neutral.
What is the MACD signal for EXTREME NETWORKS INC (EXTR) stock?
The MACD indicator for EXTREME NETWORKS INC (EXTR) has a value of 0.0860378, indicating a bearish trend.