Taking everything into account, CRNT scores 4 out of 10 in our technical rating. In the last year, CRNT was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
CRNT 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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1.82
When analyzing the support we can see 5 important areas.
- A support zone ranging from 2.11 to 2.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.06 from a trend line in the daily time frame.
- A support zone ranging from 1.96 to 1.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.88 from a horizontal line in the daily time frame.
- Support @1.84 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 2.27 to 2.27. 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.
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 | UP | POSITIVE | The short term trend for CRNT is up. |
| ChartMill Relative Strength | 11.03 | NEGATIVE | CRNT has a low relative strength, it was outperformed by 88.97% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CRNT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CRNT is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CRNT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.1 | NEUTRAL | The RSI value for CRNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests CRNT has a positive trend. |
| Stochastics (14,3) | 66.24 | NEUTRAL | The Stochastics value for CRNT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.71 | MEDIUM VOLATILITY | The ATR as a percentage value for CRNT suggests some volalility. |
| Average Directional Index/ADX (14) | 19.16 | NEGATIVE | The low ADX value for CRNT suggests a weak or negative trend. |
2.26
+0.06 (+2.73%)
CERAGON NETWORKS LTD / CRNT FAQ
What is the ChartMill technical rating of CERAGON NETWORKS LTD (CRNT) stock?
ChartMill assigns a technical rating of 4 / 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 60.1024. 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 0.018251, 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 positive.