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Weaker Hold
Today EXTR ranks #3101 as hold candidate. Get a Free Stock at Robinhood
Stronger Stock

$13.21 (-2.00%)

Volume: 1M

Closed: Dec 03, 2021

Hollow Logo Score: 0.614

Extreme Networks Stock Forecast

$13.21 (-2.00%)

Volume: 1M

Closed: Dec 03, 2021

Score Hollow Logo 0.614
Which way will EXTR go? Request
Stop-loss: $12.62 (-4.46%)
Key Stats
P/E Ratio 73.18
Beta 2.18
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 65 and the stock is currently not being overbought or oversold

Extreme Networks stock downgraded to Hold/Accumulate
(Updated on Dec 03, 2021)

Buy or Hold candidate since 2021-11-03 Gain 10.82%

The Extreme Networks stock price fell by -2.00% on the last day (Friday, 3rd Dec 2021) from $13.48 to $13.21. During the day the stock fluctuated 5.04% from a day low at $13.10 to a day high of $13.76. The price has risen in 6 of the last 10 days and is up by 0.53% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -677 thousand shares and in total, 1 million shares were bought and sold for approximately $14.38 million.

The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 37.93% during the next 3 months and, with a 90% probability hold a price between $15.49 and $19.24 at the end of this 3-month period.

Signals & Forecast

The Extreme Networks stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $13.29. On a fall, the stock will find some support from the long-term average at approximately $11.63. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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, November 24, 2021, and so far it has fallen -2.72%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss

Extreme Networks finds support from accumulated volume at $13.14 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.66 between high and low, or 5.04%. For the last week, the stock has had a daily average volatility of 5.84%.

Our recommended stop-loss: $12.62 (-4.46%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 6 days ago.)

Is Extreme Networks stock A Buy?

Extreme Networks holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.614

Predicted Opening Price for Extreme Networks of Monday, December 6, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price December 6, 2021 Current price
$13.36 $13.21 (Undervalued)
Hold/Accumulate Downgraded

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Analyst Ratings

On Nov 18, 2021 "Needham & Company LLC" gave "$15.00 - $16.00" rating for EXTR. The price target was changed from $12.90 to 0.8%.

Volatility and Risk
Daily Average Volatility: 5.84 %
Overall Risk: Very High High Medium Low Very Low
5.84 %
Daily Average Volatility
Overall Risk

Very High
Very Low

Support & Resistance

Resistance: $13.36
Price: $13.21
Support: $13.14

EXTR Insider Trading Show all Trades



Last 100 transactions
Buy: 2 243 105 | Sell: 1 594 747 (Shares)
Date Action Amount Person Type
Dec 01, 2021 Sell 35 805 Meyercord Edward Non-Qualified Stock Option (right to buy)
Dec 01, 2021 Sell 25 000 Meyercord Edward Non-Qualified Stock Option (right to buy)
Dec 01, 2021 Sell 22 285 Meyercord Edward Restricted Stock Units
Dec 01, 2021 Sell 35 805 Meyercord Edward Common Stock
Dec 01, 2021 Buy 35 805 Meyercord Edward Common Stock
Show all Insider Trades


Last 100 transactions
Buy: 2 243 105 | Sell: 1 594 747 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 14.02 6.11 %
13.76 4.20 %
13.61 3.02 %
Current price: 13.21
Support 13.10 -0.80 %
12.95 -1.98 %
12.70 -3.89 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 13.50 2.20 %
13.45 1.82 %
13.36 1.14 %
Current price 13.21
Support 13.14 -0.53%
12.83 -2.88%
11.37 -13.93%

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About Extreme Networks

Extreme Networks Extreme Networks, Inc. provides software-driven networking solutions for enterprise customers worldwide. The company designs, develops, and manufactures wired and wireless network infrastructure equipment; and develops the software for network management, policy, analytics, security, and access controls. It offers modular Ethernet switching systems for enterprises, data centers, and service providers; stackable Ethernet switching systems; wireles... Read more

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