EXTREME NETWORKS INC. - Daily - Technical analysis published on 08/30/2019 (GMT)
- 395
- 0
- Who voted?
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 6.73 USD
My targets
6.29 USD (-5.13%)
5.86 USD (-11.61%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on EXTREME NETWORKS INC. as long as the price remains well below 6.73 USD. The sellers” bearish objective is set at 6.29 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 5.86 USD. In case of crossing, the next objective would be the support located at 5.40 USD.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EXTREME NETWORKS INC. rating is 6.63 USD. The price registered a decrease of -1.34% on the session with the lowest point at 6.61 USD and the highest point at 6.80 USD. The deviation from the price is +0.30% for the low point and -2.50% for the high point.6.61
6.80
6.63
Here is a more detailed summary of the historical variations registered by EXTREME NETWORKS INC.:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this EXTREME NETWORKS INC. chart shows a bearish trend. The signals given by moving averages are 64.29% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.40 | 5.86 | 6.29 | 6.63 | 6.73 | 7.28 | 7.56 |
| Change (%) | -18.55% | -11.61% | -5.13% | - | +1.51% | +9.80% | +14.03% |
| Change | -1.23 | -0.77 | -0.34 | - | +0.10 | +0.65 | +0.93 |
| Level | Major | Minor | Minor | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.52 | 6.61 | 6.66 | 6.76 | 6.81 | 6.91 | 6.96 |
| Camarilla | 6.68 | 6.69 | 6.71 | 6.72 | 6.73 | 6.75 | 6.76 |
| Woodie | 6.50 | 6.60 | 6.65 | 6.75 | 6.79 | 6.90 | 6.94 |
| Fibonacci | 6.61 | 6.67 | 6.70 | 6.76 | 6.81 | 6.85 | 6.91 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.17 | 6.58 | 6.80 | 7.21 | 7.43 | 7.84 | 8.06 |
| Camarilla | 6.84 | 6.89 | 6.95 | 7.01 | 7.07 | 7.13 | 7.18 |
| Woodie | 6.07 | 6.53 | 6.70 | 7.16 | 7.33 | 7.79 | 7.96 |
| Fibonacci | 6.58 | 6.82 | 6.97 | 7.21 | 7.45 | 7.60 | 7.84 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.73 | 5.56 | 6.85 | 7.67 | 8.97 | 9.79 | 11.08 |
| Camarilla | 7.56 | 7.75 | 7.95 | 8.14 | 8.33 | 8.53 | 8.72 |
| Woodie | 4.96 | 5.67 | 7.08 | 7.79 | 9.20 | 9.91 | 11.32 |
| Fibonacci | 5.56 | 6.37 | 6.87 | 7.67 | 8.48 | 8.98 | 9.79 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 35.00 | |
| MACD (12,26,9): | -0.1500 | |
| Directional Movement: | -14.70 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 7.05 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.19 | |
| Elder Ray (13): | -0.34 | |
| Super Trend (3,10): | 7.50 | |
| Zig ZAG (10): | 6.64 | |
| VORTEX (21): | 0.6700 | |
| Stochastique (14,3,5): | 8.76 | |
| TEMA (21): | 6.72 | |
| Williams %R (14): | -86.52 | |
| Chande Momentum Oscillator (20): | -0.85 | |
| Repulse (5,40,3): | -4.2600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 27.05 |
| MA7: | 6.85 | |
| MA20: | 7.44 | |
| MA50: | 7.06 | |
| MA100: | 6.79 | |
| MAexp7: | 6.87 | |
| MAexp20: | 7.17 | |
| MAexp50: | 7.09 | |
| MAexp100: | 6.95 | |
| Price / MA7: | -3.21% | |
| Price / MA20: | -10.89% | |
| Price / MA50: | -6.09% | |
| Price / MA100: | -2.36% | |
| Price / MAexp7: | -3.49% | |
| Price / MAexp20: | -7.53% | |
| Price / MAexp50: | -6.49% | |
| Price / MAexp100: | -4.60% |
News
The latest news and videos published on EXTREME NETWORKS INC. at the time of the analysis were as follows:
- Booming Esports Market Has More Than 70% of Schools Considering an Esports Program
- Extreme Networks Expands Board of Directors with Appointment of Ingrid Burton
- Extreme Networks Announces Upcoming Financial Conference Schedule
- Extreme Networks Completes Acquisition of Aerohive Networks
- Extreme Networks Announces Upcoming Financial Conference Schedule
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis EXTREME NETWORKS INC. - Daily