CNET Technical Analysis - ZW DATA ACTION TECHNOLOGIES

Technical Rating and Analysis

Overall CNET gets a technical rating of 6 out of 10. In the last year, CNET was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.

In the last month CNET has a been trading in the 1.94 - 2.60 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!

CNET is part of the Media industry. There are 95 other stocks in this industry. CNET outperforms 80% of them.

When compared to the yearly performance of all other stocks, CNET outperforms 56% of them, which is more or less in line with the market.

CNET is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CNET is lagging the market.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ZW DATA ACTION TECHNOLOGIES / CNET Weekly stock chart

ZW DATA ACTION TECHNOLOGIES / CNET Daily stock chart

Setup Rating and Analysis

CNET has an average technical rating and it also does not offer a high 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.20

2.03

2 important support areas can be observed.

A support zone ranging from 1.28 to 1.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @1.21 from a horizontal line in the daily time frame.

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Technical Indicator Signal Analysis

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	UP	POSITIVE	The long term trend for CNET is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for CNET is neutral.
ChartMill Relative Strength	56.35	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)	UP	POSITIVE	The current price of CNET is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of CNET is above the rising SMA(200).
Relative Strength Index/RSI (14)	43.55	NEUTRAL	The RSI value for CNET is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.07	NEGATIVE	The MACD value suggests CNET has a negative trend.
Stochastics (14,3)	4.69	OVERSOLD	The low Stochastics value suggests CNET may be oversold.
Average True Range in percent/ATR (20)	8.58	HIGH VOLATILITY	The high ATR as a percentage value for CNET suggests high volalility.
Average Directional Index/ADX (14)	25.41	POSITIVE	The high ADX value value for CNET suggests a strong trend.