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Extreme Networks extended Canada Day greetings to customers, partners, and employees.
The company wished everyone a safe and happy holiday. Details are being clarified.
EXTR is currently trading at $32.37, well above the MA-20 ($30.58), MA-50 ($25.87), and MA-200 ($19.31), signaling strength in short-, medium-, and long-term trends. The Ichimoku Kijun at $28.79 stands below the current price, which marks it as immediate support.
Strong upward momentum is indicated by MACD (Strong Buy) and a high ADX value (43.43) on D1, but overbought signals appear on RSI (69.04), CCI (115.37), BBP (2.03), and Stoch RSI shows neutral readings, highlighting a risk of short-term pullback despite ongoing buyer dominance. In today’s session, EXTR is up 1.22%. Over the past week, EXTR has risen $0.63 (1.98%) from a prev_week_close of $31.74, now positioned in the upper part of the weekly range, with volatility amplitude at 11.45%. Price recovery from the earlier weekly low confirms a strong rebound tone into the week’s end.
For the coming week, the expected range is $33.85 to $34.87, staying close to the current price and within the yearly band between the 52-week low ($13.48) and high ($33.10). Probability of further price increase is very high (more than 80%) given bullish readings on MA-50-W1, RSI-W1, ADX-W1, and MACD-W1; a decline is less likely. The baseline scenario anticipates sideways movement near current highs. A bullish scenario envisions a breakout above $34.87, while a bearish scenario would see a drop below support at $30.58.
Previously it was reported that Extreme Networks was exhibiting sustained bullish momentum, with analysts highlighting strong technical trends supporting further gains. This article adds a new dimension by assessing the latest shifts in sentiment and underlying market drivers, with investors advised to monitor for any emerging changes in momentum that could signal a decisive move ahead.