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 NTCT
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NetScout Systems stock upgraded to Buy Candidate.
(Updated on Mar 27, 2024)

Buy candidate since Mar 27, 2024 PDF

The NetScout Systems stock price gained 1.58% on the last trading day (Wednesday, 27th Mar 2024), rising from $21.47 to $21.81. During the last trading day the stock fluctuated 1.72% from a day low at $21.51 to a day high of $21.88. The price has fallen in 5 of the last 10 days and is down by -9.09% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 12 thousand more shares were traded than the day before. In total, 323 thousand shares were bought and sold for approximately $7.05 million.

The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect NetScout Systems stock with a 90% probability to be traded between $20.38 and $24.38 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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NTCT Signals & Forecast

The NetScout Systems stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $21.47 and $21.69. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 4.70%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Thursday, March 07, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star

The stock had a Golden Star Signal on Thursday, March 07, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for NetScout Systems stock

NetScout Systems finds support from accumulated volume at $21.68 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 $0.370 between high and low, or 1.72%. For the last week, the stock has had daily average volatility of 1.75%.

Our recommended stop-loss: $20.78 (-4.74%) (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 (NTCT) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect NetScout Systems to open at $21.73, and during the day (based on 14 day Average True Range), to move between $21.13 and $22.49, which gives a possible trading interval of +/-$0.683 (+/-3.13%) up or down from last closing price. If NetScout Systems takes out the full calculated possible swing range there will be an estimated 6.27% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $21.68 (0.60%) than the resistance at $22.07 (1.19%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is NetScout Systems stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for NetScout Systems stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.037 Buy Candidate Upgraded

Predicted Opening Price for NetScout Systems of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$21.73 ( 0.352%) $21.81

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

Trading levels for NTCT

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 22.10 1.34 %
R2 21.96 0.697 %
R1 21.87 0.297 %
Current price: 21.81
Support S1 21.59 -1.00 %
S2 21.50 -1.40 %
S3 21.36 -2.05 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 23.73 8.80 %
R2 22.42 2.80 %
R1 22.07 1.19 %
Current price 21.81
Support S1 21.68 -0.596%
S2 21.60 -0.96%
S3 20.83 -4.49%

FAQ

What is the symbol for NetScout Systems Stock and on which exchange is it traded?
The symbol for NetScout Systems is NTCT and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell NetScout Systems Stock?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for NetScout Systems stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

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

What's the current price of NetScout Systems Stock?
As of the end of day on the 2024-03-27, the price of an NetScout Systems (NTCT) share was $21.81.

What is the 52-week high and low for NetScout Systems Stock?
The 52-week high for NetScout Systems Stock is $31.66 and the 52-week low is $19.74.

What is the market capitalization of NetScout Systems Stock?
As of the 2024-03-27, the market capitalization of NetScout Systems is 1.525B.

When is the next earnings date for NetScout Systems?
The upcoming earnings date for NetScout Systems is May 02, 2024.
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About NetScout Systems

NetScout Systems NetScout Systems, Inc. provides service assurance and cybersecurity solutions for protect digital business services against disruptions in the United States, Europe, Asia, and internationally. The company offers nGeniusONE management software that enables customers to predict, preempt, and resolve network and service delivery problems, as well as facilitate the optimization and capacity planning of their network infrastructures; and specialized p... NTCT Profile

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