CERAGON NETWORKS LTD (CRNT) Technical Analysis
NASDAQ:CRNT • IL0010851660
Current stock price
CRNT Technical Rating and Analysis
Taking everything into account, CRNT scores 0 out of 10 in our technical rating. CRNT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- 73% of all other stocks performed better in the past year than CRNT.
- CRNT is part of the Communications Equipment industry. There are 48 other stocks in this industry, of which 72% are performing better than CRNT.
- In the last month CRNT has a been trading in the 2.11 - 2.33 range, which is quite wide. It is currently trading near the lows of this range.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- CRNT is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CRNT is lagging the market slightly.
CRNT Weekly and Daily overview Charts
CRNT Setup Rating and Analysis
The technical rating of CRNT 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
CRNT Support and Resistance Analysis
1.81
3 important support areas can be observed.
- Support @2.03 from a trend line in the weekly time frame.
- A support zone ranging from 1.88 to 1.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 1.83 to 1.84. This zone is formed by a combination of multiple trend lines in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 2.23 to 2.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 2.36 to 2.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.60 from a horizontal line in the weekly time frame.
CRNT 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 | NEUTRAL | NEUTRAL | The long term trend for CRNT is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CRNT is down. |
| ChartMill Relative Strength | 27.98 | NEGATIVE | CRNT has a low relative strength, it was outperformed by 72.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CRNT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CRNT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CRNT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.13 | NEUTRAL | The RSI value for CRNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CRNT has a negative trend. |
| Stochastics (14,3) | 34.92 | NEUTRAL | The Stochastics value for CRNT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.26 | MEDIUM VOLATILITY | The ATR as a percentage value for CRNT suggests some volalility. |
| Average Directional Index/ADX (14) | 16.46 | NEGATIVE | The low ADX value for CRNT suggests a weak or negative trend. |
CRNT Chart- and CandleStick Pattern Analysis
CRNT Technicals: Chart, Performance Metrics, Trend & Indicators
2.14
-0.08 (-3.6%)
CERAGON NETWORKS LTD / CRNT TA FAQ
What is the ChartMill technical rating of CERAGON NETWORKS LTD (CRNT) stock?
ChartMill assigns a technical rating of 0 / 10 to CRNT.
What is the trend direction for CRNT stock?
The current trend direction for CERAGON NETWORKS LTD (CRNT) is Bearish.
Can you provide the RSI signal for CERAGON NETWORKS LTD?
CERAGON NETWORKS LTD (CRNT) has an RSI value of 40.1263. This indicates that the stock is currently neutral.
What is the MACD signal for CRNT stock?
The MACD indicator for CERAGON NETWORKS LTD (CRNT) has a value of -0.00955397, indicating a bearish trend.
What is the short term momentum for CERAGON NETWORKS LTD (CRNT) stock?
The short term momentum for CERAGON NETWORKS LTD (CRNT) is negative.