Overall CRNT gets a technical rating of 0 out of 10. CRNT 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 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
1.82
We found 1 important support area.
- Support @1.84 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @2.41 from a trend line in the weekly time frame.
- 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 | DOWN | NEGATIVE | The short term trend for CRNT is down. |
| ChartMill Relative Strength | 14.76 | NEGATIVE | CRNT has a low relative strength, it was outperformed by 85.24% 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) | 35.25 | NEUTRAL | The RSI value for CRNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests CRNT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 6.75 | OVERSOLD | The low Stochastics value suggests CRNT may be oversold. |
| Average True Range in percent/ATR (20) | 7.84 | HIGH VOLATILITY | The high ATR as a percentage value for CRNT suggests high volalility. |
| Average Directional Index/ADX (14) | 28.59 | POSITIVE | The high ADX value value for CRNT suggests a strong trend. |
1.97
+0.08 (+4.23%)
CERAGON NETWORKS LTD / CRNT 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 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 35.2516. 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 negative.
What are the support and resistance levels for CERAGON NETWORKS LTD (CRNT) stock?
CERAGON NETWORKS LTD (CRNT) has a support level at 1.84 and a resistance level at 2.41. Check the full technical report for our detailed analysis of CRNT support and resistance levels.