CERAGON NETWORKS LTD (CRNT) Technical Analysis
NASDAQ:CRNT • IL0010851660
Current stock price
CRNT Technical Rating and Analysis
Overall CRNT gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CRNT is only an average performer.
- CRNT is one of the lesser performing stocks in the Communications Equipment industry. 62% of 46 stocks in the same industry do better.
- The long and short term trends are both positive. This is looking good!
- CRNT is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CRNT is lagging the market slightly.
- In the last month CRNT has a been trading in the 2.00 - 2.62 range, which is quite wide. It is currently trading near the high of this range.
- When compared to the yearly performance of all other stocks, CRNT outperforms 69% of them, which is more or less in line with the market.
CRNT Weekly and Daily overview Charts
CRNT Setup Rating and Analysis
Although CRNT has an excellent technical rating, it 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
CRNT Support and Resistance Analysis
1.86
6 important support areas can be observed.
- A support zone ranging from 2.30 to 2.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.15 from a trend line in the weekly time frame.
- A support zone ranging from 2.03 to 2.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 1.96 to 1.97. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @1.92 from a horizontal line in the weekly time frame.
- Support @1.88 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 2.60 to 2.60. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for CRNT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CRNT is up. |
| ChartMill Relative Strength | 69.19 | NEUTRAL | CRNT is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of CRNT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CRNT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69.07 | NEUTRAL | The RSI value for CRNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests CRNT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.7 | OVERBOUGHT | The high Stochastics value suggests CRNT may be overbought. |
| Average True Range in percent/ATR (20) | 3.74 | MEDIUM VOLATILITY | The ATR as a percentage value for CRNT suggests some volalility. |
| Average Directional Index/ADX (14) | 19.54 | 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
2.59
+0.04 (+1.57%)
CERAGON NETWORKS LTD / CRNT TA FAQ
What is the ChartMill technical rating of CERAGON NETWORKS LTD (CRNT) stock?
ChartMill assigns a technical rating of 8 / 10 to CRNT.
What is the trend direction for CRNT stock?
The current trend direction for CERAGON NETWORKS LTD (CRNT) is Bullish.
What is the RSI signal for CRNT stock?
CERAGON NETWORKS LTD (CRNT) has an RSI value of 69.0689. 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 0.0310256, indicating a bearish trend.
What is the short term momentum for CRNT stock?
The short term momentum for CERAGON NETWORKS LTD (CRNT) is positive.