Netgear Inc (NTGR): Price Now Near $32.49; Daily Chart Shows Downtrend on 100 Day Basis

The Hourly View for NTGR

At the moment, NTGR (Get Ratings)’s price is up $0.99 (3.13%) from the hour prior. NTGR has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 20 hour moving average has been crossed, so that price is now turning above it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

NTGR ranks 23rd in terms of today’s price percentage change out of Electronic Equipment stocks.

NTGR’s Technical Outlook on the Daily Chart

At the time of this writing, NTGR’s price is up $0.95 (3.01%) from the day prior. This move is a reversal from the day prior, which saw price move down. As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe. The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. The chart below shows NTGR’s price action over the past 90 days.



NTGR: Daily RSI Analysis

  • NTGR’s RSI now stands at 40.4255.
  • NTGR and RSI both have consistent trends, as they are both heading down.

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