RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of NTGR
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Weaker technical forecast for NETGEAR as stock downgraded to Hold/Accumulate.
(Updated on Jul 24, 2024)

Buy or Hold candidate since Jul 10, 2024 Gain 4.75% PDF

The NETGEAR stock price fell by -1.93% on the last day (Wednesday, 24th Jul 2024) from $15.53 to $15.23. During the last trading day the stock fluctuated 2.83% from a day low at $15.20 to a day high of $15.63. The price has risen in 7 of the last 10 days and is up by 4.75% over the past 2 weeks. Volume has increased on the last day by 10 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 123 thousand shares were bought and sold for approximately $1.87 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 21.05% during the next 3 months and, with a 90% probability hold a price between $16.84 and $19.42 at the end of this 3-month period.

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NTGR Signals & Forecast

The NETGEAR 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 $15.43. On a fall, the stock will find some support from the long-term average at approximately $14.78. 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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, July 17, 2024, and so far it has fallen -3.67%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for NETGEAR stock

On the downside, the stock finds support just below today's level from accumulated volume at $13.73 and $11.78. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, NETGEAR finds support just below today's level at $13.73. If this is broken, then the next support from accumulated volume will be at $11.78 and $11.63.

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 $0.430 between high and low, or 2.83%. For the last week, the stock has had daily average volatility of 3.59%.

Our recommended stop-loss: $14.49 (-4.84%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 53 days ago.)

Trading Expectations (NTGR) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect NETGEAR to open at $15.35, and during the day (based on 14 day Average True Range), to move between $14.76 and $15.70, which gives a possible trading interval of +/-$0.472 (+/-3.10%) up or down from last closing price. If NETGEAR takes out the full calculated possible swing range there will be an estimated 6.20% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $15.30 (0.46%) than the support at $13.73 (9.85%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Earnings coming up

NETGEAR will release earnings AMC on Wednesday, July 31, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.82. We will update the financials statements for NETGEAR, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.02% in the first trading day after earnings release.

Is NETGEAR stock A Buy?

NETGEAR 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.

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Current score: -0.690 Hold/Accumulate Downgraded

Predicted Opening Price for NETGEAR of Thursday, July 25, 2024

Fair opening price July 25, 2024 Current price
$15.35 ( 0.81%) $15.23

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

Trading levels for NTGR

Fibonacci Support & Resistance Levels

Level Price
R3 15.78 3.63%
R2 15.62 2.55%
R1 15.52 1.89%
Price 15.23
S1 15.19 -0.269%
S2 15.09 -0.94%
S3 14.92 -2.01%

Accumulated Volume Support & Resistance Levels

Level Price
R3 15.81 3.81%
R2 15.35 0.788%
R1 15.30 0.460%
Price 15.23
S1 13.73 -9.85%
S2 11.78 -22.65%
S3 11.63 -23.64%

FAQ

What is the symbol for NETGEAR Stock and on which exchange is it traded?
The symbol for NETGEAR is NTGR and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell NETGEAR Stock?
NETGEAR 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.

How to buy NETGEAR Stock?
NETGEAR Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy NETGEAR Stock.

What's the current price of NETGEAR Stock?
As of the end of day on the Jul 24, 2024, the price of an NETGEAR (NTGR) share was $15.23.

What is the 52-week high and low for NETGEAR Stock?
The 52-week high for NETGEAR Stock is $16.33 and the 52-week low is $10.40.

What is the market capitalization of NETGEAR Stock?
As of the Jul 24, 2024, the market capitalization of NETGEAR is 442.754M.

When is the next earnings date for NETGEAR?
The upcoming earnings date for NETGEAR is Jul 31, 2024.
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About NETGEAR

NETGEAR NETGEAR, Inc. designs, develops, and markets networking and Internet connected products for consumers, businesses, and service providers. The company operates in two segments, Connected Home, and Small and Medium Business. It offers smart home/connected home/broadband access products, such as Wi-Fi routers and home Wi-Fi systems, broadband modems, Wi-Fi gateways, Wi-Fi hotspots, Wi-Fi range extenders, Powerline adapters and bridges, Wi-Fi network... NTGR Profile

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