NETGEAR (NTGR): Wi-Fi Expansion Drives Business StrengthNETGEAR, Inc. (NTGR) is a leading provider of networking solutions, offering Wi-Fi routers, mesh systems, and smart home security products. The company focuses on delivering high-performance internet connectivity for homes and businesses, keeping up with the growing demand for faster and more reliable connections. As more people work from home and stream content, NETGEAR continues to expand its product line with advanced technology to meet consumer needs.
NTGR recently showed a confirmation bar with increasing volume, moving into the momentum zone, which happens when the price moves above the 0.236 Fibonacci level. This signals growing investor interest and potential for further gains. A trailing stop can be set using Fibonacci levels with the Fibonacci snap tool, allowing traders to manage risk levels.
NTGR trade ideas
(NTGR) Weekly Harmonic Pattern ComboThis powerful setup is for the patient believer only; no frenzied high-flyer here.
I have plotted a large weekly Bull Alternate Bat. There are two distinct inside patterns embedded within this pattern(Bull Crab & Bull Deep Crab). The ideal entry based on these patterns was @12.73 in Nov '23. I have also plotted a Modified Schiff Median Line set and a 2+ year long downtrend line. Price tested and bounced off of the lowest median line as it broke the downtrend. After a natural pullback, price began to rally again forming a 47 week Head & Shoulders Bottom. The break of this pattern coincides with a 100 bar break on the daily chart(this entry is a common trend follower's entry).
In terms of trade management, be mindful at the .236 NHR(18.89) and at the center median line. The harmonic pattern targets are plotted in green and important fibs are plotted in dotted magenta. I have plotted a Donchian Channel that can be used to trend follow(provided that it occurs above $16, liquidate on a break below a weekly bar that prints a violation of the lower maroon Donchian Line). Take targets along the way or hold until the trend bends at the end.
Best of luck to the longs!
NTGR - 11 months HEAD & SHOULDERS══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant;
- the information that I think is important is very simple and can easily be understood just by looking at charts;
For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
Thank you all for your support
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
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⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
💵 E a r n i n g s J o u r n a l📶 S T A T I S T I C A L A N A L Y S I S
Current 50-Day Market Trend: short/sellers/negative.
Next Swing: positive swing to resistance.
Next Wave: buy wave to the deviation.
Next 50-Day Market Trend: long/buyers/positive.
Trade Type: Touch & Go don't wait for a close.
💵 E A R N I N G S A T A G L A N C E
Release Date: 10/25 AMC
Quarter: FQ3'23
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Revenue Anticipations: positive surprise of Revenues.
Revenue Surprise-Confidence: on a scale of 0-9, #4
Revenue 2-Year Trend: the company trend in Revenues is negative.
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EPS Anticipations: positive surprise of EPS.
EPS Surprise-Confidence: on a scale of 0-9, #8
EPS 2-Year Trend: the company trend in EPS is negative.
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📝 S Y N O P S I S
🟢 Buy ~ If the earnings report is above the Wall Street consensus, I expect the market will buy the +surprise.
⚪ Neutral ~ If the earnings report is released with complicating press, I expect the market will avoid the surprise and invest in alternative securities.
🔴 Sell ~ If the earnings report is below the Wall Street consensus, I expect the market will sell the -surprise.
🔎 R E S E A R C H D E P T H
Technical Analysis: daily chart.
Fundamental Analysis: EPS & Revenue data.
Press/News: none.
Social Media: none.
☝️ P R O V I S I O N
The analysis presented is incomplete work thereby can't safely trade in the Market by itself.
NTGR - Strong Double BottomsNTGR can be seen forming again another strong double bottom
This one is contained within a down channel rather than an up channel in the first scenario
With the second bottom point being bullish in the first situation, lets see if its bullish in the second situation (Down channel). Placing NTGR for me in a bullish position.
The bottom line of the first up channel may be extended and act as support for the second double bottom
NTGR primed for entry, oversold RSINTGR has been suffering since June 2021, though there have been profitable rallies for short term swings in between. Daily RSI is currently oversold at 26, mostly from an overreaction to negative revenue announcement on Q3 earnings, despite beating EPS estimates. This isn't CSCO, and it isn't always reliable, but I'd expect short term PT of ~30 easily achievable, entry at 28.50 or lower, SL at 28.20 (or 27.30, if you're a gambler).
Not a lot of support between 27.30 and 25.90, so keep your stops ready, and good luck. Not financial advice, I'm an awful trader, but NTGR has made me money the past year.
"NTGR Long" Bullish will this be able to push back to $37.40NASDAQ:NTGR Nice pull back after their earning and now it has broke the recent trend I would like to see if this can take out 33.61 and hold to see if this can get some continuation to the upside back 35.21 at that point I would like to see if that will bring in some nice momentum to take out the recent high
$NTGR can fall in the next daysContextual immersion trading strategy idea.
NETGEAR is a company, which designs, develops, and markets networking and Internet-connected products for consumers, businesses, and service providers.
The share price fell after bad earnings. Looks like it will continue falling.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price in the next days.
So I opened a short position from $21,71;
stop-loss — $22,41.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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Technology stocks for 2018 #16 (NTGR)Sector: Technology
Industry: Communication Equipment
From left to right on the (Red line) 2008 to 2016 resistance was broken and more ahead (Red arrow) the resistance becomes support
(Red circle) breakaway gap on the resistance line pullback in progress to the date
that is all from 2008 to 2018
The more important in 2018 is the gap that appears in the chart (Red circle)
this is a recognizable continuation pattern in a trend following mode