EXTREME NETWORKS INC (EXTR) Stock Technical Analysis
NASDAQ:EXTR - Nasdaq - US30226D1063 - Common Stock - Currency: USD
Overall EXTR gets a technical rating of 9 out of 10. In the last year, EXTR was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, EXTR did better than 86% of all other stocks.
EXTR is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so EXTR is performing more or less in line with the market.
In the last month EXTR has a been trading in the 15.33 - 17.04 range, which is quite wide. It is currently trading near the high of this range.
EXTR has an average volume of 1370770 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
EXTR is part of the Communications Equipment industry. There are 50 other stocks in this industry, EXTR did better than 67% of them.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, EXTR also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
15.10
18.35
When analyzing the support we notice one important area.
- A support zone ranging from 15.25 to 15.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @16.77 from a trend line in the daily time frame.
- A resistance zone ranging from 18.00 to 18.17. This zone is formed by a combination of multiple trend lines in the weekly 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 | UP | POSITIVE | The short term trend for EXTR is up. |
| ChartMill Relative Strength | 86.4 | POSITIVE | EXTR has a high relative strength, it outperformed 86.4% 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) | 58.87 | NEUTRAL | The RSI value for EXTR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests EXTR has a negative trend. |
| Stochastics (14,3) | 62.06 | NEUTRAL | The Stochastics value for EXTR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.72 | MEDIUM VOLATILITY | The ATR as a percentage value for EXTR suggests some volalility. |
| Average Directional Index/ADX (14) | 27.86 | POSITIVE | The high ADX value value for EXTR suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 16.78 | 15.93 | 0.85 (5.07%) | 19.74% |
| An entry @16.78. This is a Buy Stop order right above the resistance zone. | An exit @15.93. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.85 points, which is 5.07%. | For a 1.00% total portfolio risk, you can invest 19.74% of your capital in this trade. |
- 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.
16.57
-0.17 (-1.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg-1.02%
1 Week-1.6%
2 Weeks1.04%
1 Month1.91%
3 Month11.28%
6 Month-6.6%
12 Month30.99%
2 Year-36.39%
3 Year85.76%
5 Year281.8%
10 Year515.98%
15 Year513.7%
Volatility
ATR(14)0.44
ATR(20)%2.72%
ATR Inc23.93%
Range Today0.37
ADR(20)0.41
ADR(20)%2.47%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.4
Mansfield0.57
10 Day High17.04
10 Day Low15.94
20 Day High17.04
20 Day Low15.33
52 Week High19.24
52 Week Low10.1
CS1 End15.45
CR1 Start16.77
Volume & EV
DER(3)0.01%
DER(5)-0.78%
Volume827.90K
Volume Incr-29.25%
Vol(5)809.02K
Vol(50)1.37M