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 EXTR
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Stronger technical forecast for Extreme Networks stock price after Wednesday trading.
(Updated on Mar 27, 2024)

Hold candidate since Mar 27, 2024 PDF

The Extreme Networks stock price gained 1.05% on the last trading day (Wednesday, 27th Mar 2024), rising from $11.45 to $11.57. During the last trading day the stock fluctuated 1.62% from a day low at $11.44 to a day high of $11.62. The price has fallen in 5 of the last 10 days but is still up by 0.52% 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, 451 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $15.61 million.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -36.68% during the next 3 months and, with a 90% probability hold a price between $6.36 and $7.78 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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EXTR Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 2.75%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Extreme Networks stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $11.61 and $12.01. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Extreme Networks stock

Extreme Networks finds support from accumulated volume at $11.51 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 $0.185 between high and low, or 1.62%. For the last week, the stock has had daily average volatility of 1.76%.

Our recommended stop-loss: $10.93 (-5.52%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 7 days ago.)

Trading Expectations (EXTR) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Extreme Networks to open at $11.54, and during the day (based on 14 day Average True Range), to move between $11.24 and $11.90, which gives a possible trading interval of +/-$0.328 (+/-2.84%) up or down from last closing price. If Extreme Networks takes out the full calculated possible swing range there will be an estimated 5.67% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $11.51 (0.52%) than the resistance at $12.59 (8.82%), 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 stock A Buy?

Extreme Networks holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.049 Hold/Accumulate Upgraded

Predicted Opening Price for Extreme Networks of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$11.54 ( 0.245%) $11.57

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

Trading levels for EXTR

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 11.73 1.35 %
R2 11.66 0.743 %
R1 11.61 0.366 %
Current price: 11.57
Support S1 11.47 -0.86 %
S2 11.43 -1.23 %
S3 11.36 -1.84 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 13.51 16.77 %
R2 13.22 14.26 %
R1 12.59 8.82 %
Current price 11.57
Support S1 11.51 -0.519%
S2 11.37 -1.73%
S3 11.30 -2.33%

FAQ

What is the symbol for Extreme Networks Stock and on which exchange is it traded?
The symbol for Extreme Networks is EXTR and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Extreme Networks Stock?
Extreme Networks holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

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

What's the current price of Extreme Networks Stock?
As of the end of day on the 2024-03-27, the price of an Extreme Networks (EXTR) share was $11.57.

What is the 52-week high and low for Extreme Networks Stock?
The 52-week high for Extreme Networks Stock is $32.73 and the 52-week low is $11.12.

What is the market capitalization of Extreme Networks Stock?
As of the 2024-03-27, the market capitalization of Extreme Networks is 1.474B.

When is the next earnings date for Extreme Networks?
The upcoming earnings date for Extreme Networks is Apr 24, 2024.
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About Extreme Networks

Extreme Networks Extreme Networks, Inc. provides software-driven networking solutions worldwide. It designs, develops, and manufactures wired and wireless network infrastructure equipment; and develops software for network management, policy, analytics, security, and access controls. The company offers ExtremeCloud IQ, an ML/AI powered, wired, and wireless cloud network management solution that offers advanced visibility and control over users, devices, and appli... EXTR Profile

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