We assign a technical rating of 1 out of 10 to CRNT. 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.
CRNT has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 2.14. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.01, a Stop Loss order could be placed below this zone.
More info and screens
1.81
We found 3 important support areas.
- A support zone ranging from 1.99 to 2.01. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 1.88 to 1.91. 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.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 2.14 to 2.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.60 from a horizontal line in the weekly time frame.
- Resistance @2.73 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 | DOWN | NEGATIVE | The long term trend for CRNT is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CRNT is neutral. |
| ChartMill Relative Strength | 8.66 | NEGATIVE | CRNT has a low relative strength, it was outperformed by 91.34% 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 | 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) | 45.16 | NEUTRAL | The RSI value for CRNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CRNT has a positive trend. |
| Stochastics (14,3) | 36.23 | NEUTRAL | The Stochastics value for CRNT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.16 | MEDIUM VOLATILITY | The ATR as a percentage value for CRNT suggests some volalility. |
| Average Directional Index/ADX (14) | 22.42 | NEUTRAL | The ADX value for CRNT suggests a possible start of a new trend. |
2.03
+0.01 (+0.5%)
CERAGON NETWORKS LTD / CRNT FAQ
What is the ChartMill technical rating of CERAGON NETWORKS LTD (CRNT) stock?
ChartMill assigns a technical rating of 1 / 10 to CRNT.
What is the current trend direction of CERAGON NETWORKS LTD (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 45.1649. This indicates that the stock is currently neutral.
Can you provide the short term momentum for CERAGON NETWORKS LTD?
The short term momentum for CERAGON NETWORKS LTD (CRNT) is neutral.
What are the support and resistance levels for CERAGON NETWORKS LTD (CRNT) stock?
CERAGON NETWORKS LTD (CRNT) has a support level at 2.01 and a resistance level at 2.14. Check the full technical report for our detailed analysis of CRNT support and resistance levels.