EXTREME NETWORKS INC (EXTR) Technical Analysis
NASDAQ:EXTR • US30226D1063
Current stock price
EXTR Technical Rating and Analysis
Overall EXTR gets a technical rating of 3 out of 10. In the past year, EXTR was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- EXTR is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- EXTR has an average volume of 1746060 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, EXTR turns out to be only a medium performer in the overall market: it outperformed 69% of all stocks.
- EXTR is an average performer in the Communications Equipment industry, it outperforms 42% of 48 stocks in the same industry.
- EXTR is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so EXTR is lagging the market slightly.
EXTR Weekly and Daily overview Charts
EXTR Setup Rating and Analysis
Although the technical rating is bad, EXTR does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 15.37. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 15.23, a Stop Loss order could be placed below this zone.
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EXTR Support and Resistance Analysis
13.59
4 important support areas can be observed.
- A support zone ranging from 15.12 to 15.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @14.29 from a trend line in the weekly time frame.
- Support @13.97 from a horizontal line in the weekly time frame.
- Support @13.73 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 15.37 to 15.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
EXTR 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 | DOWN | NEGATIVE | The long term trend for EXTR is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EXTR is neutral. |
| ChartMill Relative Strength | 69.52 | NEUTRAL | EXTR is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of EXTR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.73 | NEUTRAL | The RSI value for EXTR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests EXTR has a positive trend. |
| Stochastics (14,3) | 65.57 | NEUTRAL | The Stochastics value for EXTR is a neutral value. |
| Average True Range in percent/ATR (20) | 3.12 | MEDIUM VOLATILITY | The ATR as a percentage value for EXTR suggests some volalility. |
| Average Directional Index/ADX (14) | 14.42 | NEGATIVE | The low ADX value for EXTR suggests a weak or negative trend. |
EXTR Chart- and CandleStick Pattern Analysis
EXTR Technicals: Chart, Performance Metrics, Trend & Indicators
15.36
+0.16 (+1.05%)
EXTREME NETWORKS INC / EXTR TA FAQ
What is the technical rating for EXTR stock?
ChartMill assigns a technical rating of 3 / 10 to EXTR.
Can you provide the trend direction for EXTREME NETWORKS INC?
The current trend direction for EXTREME NETWORKS INC (EXTR) is Bearish.
What is the RSI signal for EXTREME NETWORKS INC (EXTR) stock?
EXTREME NETWORKS INC (EXTR) has an RSI value of 58.7282. This indicates that the stock is currently neutral.
What is the MACD signal for EXTR stock?
The MACD indicator for EXTREME NETWORKS INC (EXTR) has a value of 0.0474732, indicating a bearish trend.
What is the support and resistance level for EXTR stock?
EXTREME NETWORKS INC (EXTR) has a support level at 15.23 and a resistance level at 15.37. Check the full technical report for our detailed analysis of EXTR support and resistance levels.