NETGEAR INC (NTGR) Stock Technical Analysis
NASDAQ:NTGR - Nasdaq - US64111Q1040 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to NTGR. NTGR was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
In the last month NTGR has a been trading in the 27.01 - 31.48 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Looking at the yearly performance, NTGR did better than 94% of all other stocks. On top of that, NTGR also shows a nice and consistent pattern of rising prices.
NTGR is part of the Communications Equipment industry. There are 50 other stocks in this industry. NTGR outperforms 85% of them.
NTGR 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 NTGR is performing more or less in line with the market.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
Although NTGR has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
19.96
31.56
We found 4 important support areas.
- A support zone ranging from 27.00 to 27.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @21.88 from a trend line in the weekly time frame.
- Support @21.43 from a trend line in the daily time frame.
- A support zone ranging from 20.16 to 20.33. This zone is formed by a combination of multiple trend lines in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 30.91 to 31.25. This zone is formed by a combination of multiple trend lines 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 NTGR is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NTGR is down. |
| ChartMill Relative Strength | 94.67 | POSITIVE | NTGR has a high relative strength, it outperformed 94.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NTGR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NTGR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NTGR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 39.2 | NEUTRAL | The RSI value for NTGR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.52 | NEGATIVE | The MACD value suggests NTGR has a negative trend. |
| Stochastics (14,3) | 3.05 | OVERSOLD | The low Stochastics value suggests NTGR may be oversold. |
| Average True Range in percent/ATR (20) | 3.75 | MEDIUM VOLATILITY | The ATR as a percentage value for NTGR suggests some volalility. |
| Average Directional Index/ADX (14) | 25.06 | POSITIVE | The high ADX value value for NTGR 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)
27.22
-0.13 (-0.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg-0.48%
1 Week-10.67%
2 Weeks-9.72%
1 Month-12.9%
3 Month15.19%
6 Month-2.79%
12 Month89.55%
2 Year92.23%
3 Year46.98%
5 Year5.14%
10 Year-9.33%
15 Year52.58%
Volatility
ATR(14)1.01
ATR(20)%3.75%
ATR Inc-22.35%
Range Today0.54
ADR(20)0.97
ADR(20)%3.55%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.67
Mansfield1.36
10 Day High31.45
10 Day Low27.01
20 Day High31.48
20 Day Low27.01
52 Week High31.55
52 Week Low13.96
CS1 End27.21
CR1 Start30.91
Volume & EV
DER(3)-1.23%
DER(5)-0.85%
Volume431.79K
Volume Incr-1.03%
Vol(5)459.93K
Vol(50)480.08K