Extreme Networks, Inc. Stock Forecast
Extreme Networks, Inc. stock upgraded to Buy Candidate.
(Updated on Jun 17, 2024)
The Extreme Networks, Inc. stock price gained 1.72% on the last trading day (Monday, 17th Jun 2024), rising from $11.93 to $12.14. During the last trading day the stock fluctuated 0.538% from a day low at $12.08 to a day high of $12.15. The price has risen in 8 of the last 10 days and is up by 9.72% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 158 more shares were traded than the day before. In total, 170 shares were bought and sold for approximately $2.06 thousand.
The stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $12.25 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 2.04% during the next 3 months and, with a 90% probability hold a price between $11.33 and $12.50 at the end of this 3-month period.
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0IJW.L Signals & Forecast
The Extreme Networks, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $11.90 and $11.39. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Extreme Networks, Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -0.86%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Extreme Networks, Inc. stock
Extreme Networks, Inc. finds support from accumulated volume at $12.13 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0650 between high and low, or 0.538%. For the last week, the stock has had daily average volatility of 0.764%.
Our recommended stop-loss: $11.67 (-3.85%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 10 days ago.)
Trading Expectations (0IJW.L) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Extreme Networks, Inc. to open at $12.12, and during the day (based on 14 day Average True Range), to move between $11.81 and $12.46, which gives a possible trading interval of +/-$0.321 (+/-2.64%) up or down from last closing price. If Extreme Networks, Inc. takes out the full calculated possible swing range there will be an estimated 5.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $12.13 (0.04%) than the resistance at $12.24 (0.87%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Extreme Networks, Inc. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Extreme Networks, Inc. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.509 Buy Candidate Upgraded
Predicted Opening Price for Extreme Networks, Inc. of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $12.12 ( 0.124%) | $12.14 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0IJW.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 12.19 | 0.412% |
| R2 | 12.16 | 0.207% |
| R1 | 12.14 | 0.0810% |
| Price | 12.14 | |
| S1 | 12.10 | -0.328% |
| S2 | 12.08 | -0.455% |
| S3 | 12.06 | -0.659% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 12.24 | 0.87% |
| Price | 12.14 | |
| S1 | 12.13 | -0.0412% |
| S2 | 11.67 | -3.83% |
| S3 | 11.32 | -6.72% |
0IJW Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 15, 2022 | Mar 15, 2022 | Mar 15, 2022 | $0.285 | 2.66% |
FAQ
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