CERAGON NETWORKS LTD (CRNT) Stock Technical Analysis
NASDAQ:CRNT • IL0010851660
Taking everything into account, CRNT scores 3 out of 10 in our technical rating. 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.
- 72% of all other stocks performed better in the past year than CRNT.
- CRNT is one of the lesser performing stocks in the Communications Equipment industry. 74% of 48 stocks in the same industry do better.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- CRNT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CRNT is lagging the market.
- In the last month CRNT has a been trading in the 2.07 - 2.46 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, CRNT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 2.30. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.27, a Stop Loss order could be placed below this zone.
More info and screens
1.82
When analyzing the support we can see 5 important areas.
- A support zone ranging from 2.19 to 2.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.02 from a trend line in the weekly time frame.
- A support zone ranging from 1.93 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.
We can see 3 important resistance areas.
- A resistance 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.
- Resistance @2.42 from a horizontal line in the daily time frame.
- A resistance zone ranging from 2.60 to 2.61. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The short term trend for CRNT is neutral. |
| ChartMill Relative Strength | 28.6 | NEGATIVE | CRNT has a low relative strength, it was outperformed by 71.4% 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) | UP | POSITIVE | The current price of CRNT is above the rising 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) | 50.23 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 48.72 | NEUTRAL | The Stochastics value for CRNT is a neutral value. |
| Average True Range in percent/ATR (20) | 5.08 | HIGH VOLATILITY | The high ATR as a percentage value for CRNT suggests high volalility. |
| Average Directional Index/ADX (14) | 16.24 | NEGATIVE | The low ADX value for CRNT suggests a weak or negative trend. |
2.27
+0.01 (+0.44%)
CERAGON NETWORKS LTD / CRNT FAQ
What is the ChartMill technical rating of CERAGON NETWORKS LTD (CRNT) stock?
ChartMill assigns a technical rating of 3 / 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 50.2335. 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 -0.009956, 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 neutral.