CRNT Technical Analysis - CERAGON NETWORKS LTD

Technical Rating and Analysis

Overall CRNT gets a technical rating of 5 out of 10. 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.

When comparing the yearly performance of all stocks, CRNT is a bad performer in the overall market: 82% of all stocks are doing better.

CRNT is one of the lesser performing stocks in the Communications Equipment industry. 78% of 48 stocks in the same industry do better.

CRNT is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.

In the last month CRNT has a been trading in the 1.93 - 2.58 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

CERAGON NETWORKS LTD / CRNT Weekly stock chart

CERAGON NETWORKS LTD / CRNT Daily stock chart

Setup Rating and Analysis

CRNT has an average technical rating and the quality of the presented setup is also not ideal 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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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.05

2.66

We found 2 important support areas.

A support zone ranging from 2.35 to 2.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @2.07 from a trend line in the daily time frame.

We can see 3 important resistance areas.

Resistance @2.43 from a trend line in the daily time frame.
Resistance @2.54 from a trend line in the daily time frame.
A resistance zone ranging from 2.61 to 2.63. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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	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	18.97	NEGATIVE	CRNT has a low relative strength, it was outperformed by 81.03% 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	NEGATIVE	The current price of CRNT is below a declining SMA(200).
Relative Strength Index/RSI (14)	60	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)	70.41	NEUTRAL	The Stochastics value for CRNT is a neutral value.
Average True Range in percent/ATR (20)	4.31	MEDIUM VOLATILITY	The ATR as a percentage value for CRNT suggests some volalility.
Average Directional Index/ADX (14)	31.32	POSITIVE	The high ADX value value for CRNT suggests a strong trend.