NETGEAR INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

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Type:	Stocks
Ticker:	NTGR
ISIN:

NETGEAR INC. - Daily - Technical analysis published on 02/24/2020 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bearish

De fond: Strongly bearish

Technical indicators

17%

61%

22%

My opinion

Bearish under 23.11 USD

My targets

20.51 USD (-3.82%)

17.21 USD (-19.28%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on NETGEAR INC. as long as the price remains well below 23.11 USD. The sellers” bearish objective is set at 20.51 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 17.21 USD. In case of crossing, the next objective would be the support located at 8.72 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

FORCE

7.5

Comment on the analysis

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 NETGEAR INC. price is 21.32 USD. On the day, this instrument lost -4.14% and was traded between 21.11 USD and 21.82 USD over the period. The price is currently at +0.99% from its lowest and -2.29% from its highest.

21.11

21.82

21.32

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by NETGEAR INC.:

The study of the highest / lowest by the Central Records scanner shows the following results:

New LOW record (5 years)

Type : Bearish

Timeframe : Weekly

New LOW record (1 year)

Type : Bearish

Timeframe : Weekly

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this NETGEAR INC. chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 11 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : Daily

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	8.72	17.21	21.32	25.09	30.01	34.21
Change (%)	-59.10%	-19.28%	-	+17.68%	+40.76%	+60.46%
Change	-12.60	-4.11	-	+3.77	+8.69	+12.89
Level	Minor	Minor	-	Major	Minor	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	20.51	20.92	21.58	21.99	22.65	23.07	23.73
Camarilla	21.95	22.04	22.14	22.24	22.34	22.44	22.54
Woodie	20.63	20.98	21.70	22.05	22.78	23.13	23.85
Fibonacci	20.92	21.33	21.58	21.99	22.40	22.66	23.07

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	20.51	20.92	21.58	21.99	22.65	23.07	23.73
Camarilla	21.95	22.04	22.14	22.24	22.34	22.44	22.54
Woodie	20.63	20.98	21.70	22.05	22.78	23.13	23.85
Fibonacci	20.92	21.33	21.58	21.99	22.40	22.66	23.07

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	21.69	23.11	24.42	25.84	27.15	28.57	29.88
Camarilla	24.97	25.22	25.47	25.72	25.97	26.22	26.47
Woodie	21.63	23.08	24.36	25.81	27.09	28.54	29.82
Fibonacci	23.11	24.16	24.80	25.84	26.89	27.53	28.57

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):	25.85
MACD (12,26,9):	-1.0800
Directional Movement:	-23.83
AROON (14):	-92.86
DEMA (21):	22.20
Parabolic SAR (0,02-0,02-0,2):	22.72
Elder Ray (13):	-1.39
Super Trend (3,10):	24.02
Zig ZAG (10):	21.32
VORTEX (21):	0.6600
Stochastique (14,3,5):	11.35
TEMA (21):	21.44
Williams %R (14):	-95.97
Chande Momentum Oscillator (20):	-4.62
Repulse (5,40,3):	0.4400
ROCnROLL:	2
TRIX (15,9):	-0.4500
Courbe Coppock:	30.38

MA7:	22.04
MA20:	24.03
MA50:	24.77
MA100:	26.45
MAexp7:	22.15
MAexp20:	23.46
MAexp50:	24.74
MAexp100:	26.16
Price / MA7:	-3.27%
Price / MA20:	-11.28%
Price / MA50:	-13.93%
Price / MA100:	-19.40%
Price / MAexp7:	-3.75%
Price / MAexp20:	-9.12%
Price / MAexp50:	-13.82%
Price / MAexp100:	-18.50%

News

The last news published on NETGEAR INC. at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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