Overall CNET gets a technical rating of 0 out of 10. 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
1.16
We found 1 important support area.
- A support zone ranging from 1.17 to 1.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 1.27 to 1.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.32 from a trend line in the daily time frame.
- Resistance @1.38 from a horizontal line in the daily time frame.
- Resistance @2.25 from a trend line in the weekly time frame.
- Resistance @2.32 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 | DOWN | NEGATIVE | The long term trend for CNET is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CNET is down. |
| ChartMill Relative Strength | 8.52 | NEGATIVE | CNET has a low relative strength, it was outperformed by 91.48% off all stocks 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) | 41.8 | NEUTRAL | The RSI value for CNET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests CNET has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 50.88 | NEUTRAL | The Stochastics value for CNET is a neutral value. |
| Average True Range in percent/ATR (20) | 7.2 | HIGH VOLATILITY | The high ATR as a percentage value for CNET suggests high volalility. |
| Average Directional Index/ADX (14) | 30.71 | POSITIVE | The high ADX value value for CNET suggests a strong trend. |
1.24
-0.05 (-3.88%)
ZW DATA ACTION TECHNOLOGIES / CNET FAQ
What is the technical rating for CNET stock?
ChartMill assigns a technical rating of 0 / 10 to CNET.
Can you provide the trend direction for ZW DATA ACTION TECHNOLOGIES?
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 41.8024. This indicates that the stock is currently neutral.
What is the MACD signal for CNET stock?
The MACD indicator for ZW DATA ACTION TECHNOLOGIES (CNET) has a value of 0.0199894, indicating a bearish trend.
What is the support and resistance level for CNET stock?
ZW DATA ACTION TECHNOLOGIES (CNET) has a support level at 1.19 and a resistance level at 1.27. Check the full technical report for our detailed analysis of CNET support and resistance levels.