ZW DATA ACTION TECHNOLOGIES (CNET) Stock Technical Analysis
NASDAQ:CNET - US98880R3075 - Common Stock
1.59 USD
+0.07 (+4.69%)
1.6 USD
+0.01 (+0.63%)
Taking everything into account, CNET scores 6 out of 10 in our technical rating. CNET has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
73% of all other stocks performed better in the past year than CNET.
CNET is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
Warning: CNET has an average volume of 24288 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month CNET has a been trading in the 1.20 - 1.59 range, which is quite wide. It is currently trading near the high of this range.
CNET is an average performer in the Media industry, it outperforms 59% of 99 stocks in the same industry.
Considerably lower volume is observed in the last couple of days.
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.
More info and screens
1.20
1.85
When analyzing the support we can see 3 important areas.
- A support zone ranging from 1.45 to 1.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.33 from a trend line in the daily time frame.
- Support @1.21 from a horizontal line in the daily time frame.
We can see 5 important resistance areas.
- Resistance @1.68 from a trend line in the weekly time frame.
- Resistance @1.72 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 1.75 to 1.76. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @1.79 from a horizontal line in the daily time frame.
- Resistance @1.83 from a horizontal 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 | NEUTRAL | NEUTRAL | The long term trend for CNET is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CNET is up. |
| ChartMill Relative Strength | 27.57 | NEGATIVE | CNET has a low relative strength, it was outperformed by 72.43% 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) | UP | POSITIVE | The current price of CNET is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CNET is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 62.55 | NEUTRAL | The RSI value for CNET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests CNET has a positive trend. |
| Stochastics (14,3) | 94.98 | OVERBOUGHT | The high Stochastics value suggests CNET may be overbought. |
| Average True Range in percent/ATR (20) | 4.63 | MEDIUM VOLATILITY | The ATR as a percentage value for CNET suggests some volalility. |
| Average Directional Index/ADX (14) | 20.7 | 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)
1.59
+0.07 (+4.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg4.69%
1 Week4.61%
2 Weeks24.22%
1 Month29.27%
3 Month33.61%
6 Month2.58%
12 Month-36.9%
2 Year-62.31%
3 Year-88.64%
5 Year-94.44%
10 Year-96.3%
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%4.63%
ATR Inc-26.49%
Range Today0.08
ADR(20)0.07
ADR(20)%4.47%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS27.57
Mansfield-1.32
10 Day High1.59
10 Day Low1.29
20 Day High1.59
20 Day Low1.2
52 Week High4.53
52 Week Low0.96
CS1 End1.46
CR1 Start1.68
Volume & EV
DER(3)0.29%
DER(5)13.92%
Volume8.90K
Volume Incr0%
Vol(5)12.54K
Vol(50)24.29K