We assign a technical rating of 0 out of 10 to CNET. CNET scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The technical rating of CNET is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
1.20
When analyzing the support we notice one important area.
- Support @1.21 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @1.86 from a trend line in the daily time frame.
- Resistance @2.38 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for CNET is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CNET is down. |
| ChartMill Relative Strength | 31.14 | NEUTRAL | CNET is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CNET is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CNET is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CNET is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 39.34 | NEUTRAL | The RSI value for CNET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests CNET has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 39.49 | NEUTRAL | The Stochastics value for CNET is a neutral value. |
| Average True Range in percent/ATR (20) | 8.14 | HIGH VOLATILITY | The high ATR as a percentage value for CNET suggests high volalility. |
| Average Directional Index/ADX (14) | 20.37 | NEUTRAL | The ADX value for CNET suggests a possible start of a new trend. |
1.51
-0.04 (-2.58%)
ZW DATA ACTION TECHNOLOGIES / CNET FAQ
What is the technical rating for CNET stock?
ChartMill assigns a technical rating of 0 / 10 to CNET.
What is the current trend direction of ZW DATA ACTION TECHNOLOGIES (CNET) stock?
The current trend direction for ZW DATA ACTION TECHNOLOGIES (CNET) is Bearish.
What is the RSI signal for CNET stock?
ZW DATA ACTION TECHNOLOGIES (CNET) has an RSI value of 39.3428. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ZW DATA ACTION TECHNOLOGIES?
The short term momentum for ZW DATA ACTION TECHNOLOGIES (CNET) is negative.