ZW DATA ACTION TECHNOLOGIES (CNET) Stock Technical Analysis
NASDAQ:CNET - Nasdaq - US98880R3075 - Common Stock - Currency: USD
We assign a technical rating of 1 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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, CNET is a bad performer in the overall market: 92% of all stocks are doing better.
CNET is one of the lesser performing stocks in the Media industry. 69% of 97 stocks in the same industry do better.
CNET is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month CNET has a been trading in the 1.11 - 1.79 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, CNET does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 1.39. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for CNET in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
1.18
1.75
When analyzing the support we notice one important area.
- A support zone ranging from 1.19 to 1.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 5 important resistance areas.
- A resistance zone ranging from 1.39 to 1.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1.45 to 1.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.59 from a trend line in the daily time frame.
- Resistance @1.69 from a trend line in the weekly time frame.
- Resistance @1.73 from a trend line in the daily 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 | DOWN | NEGATIVE | The long term trend for CNET is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CNET is neutral. |
| ChartMill Relative Strength | 8.32 | NEGATIVE | CNET has a low relative strength, it was outperformed by 91.68% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CNET is above the rising 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) | 50.47 | NEUTRAL | The RSI value for CNET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CNET has a positive trend. |
| Stochastics (14,3) | 33.85 | NEUTRAL | The Stochastics value for CNET is a neutral value. |
| Average True Range in percent/ATR (20) | 12.7 | HIGH VOLATILITY | The high ATR as a percentage value for CNET suggests high volalility. |
| Average Directional Index/ADX (14) | 20.49 | NEUTRAL | The ADX value for CNET suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
1.38
-0.03 (-2.13%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg-2.13%
1 Week2.22%
2 Weeks-12.1%
1 Month1.47%
3 Month-8.61%
6 Month-28.5%
12 Month-54.61%
2 Year-72.83%
3 Year-79.68%
5 Year-93.1%
10 Year-97.86%
15 YearN/A
Volatility
ATR(14)0.18
ATR(20)%12.7%
ATR Inc-19.31%
Range Today0.15
ADR(20)0.16
ADR(20)%11.67%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.32
Mansfield-3.34
10 Day High1.51
10 Day Low1.14
20 Day High1.79
20 Day Low1.11
52 Week High4.53
52 Week Low1.11
CS1 End1.19
CR1 Start1.39
Volume & EV
DER(3)12.09%
DER(5)6.29%
Volume46.30K
Volume Incr-95.73%
Vol(5)29.88K
Vol(50)288.18K