CERAGON NETWORKS LTD (CRNT) Stock Technical Analysis
USA - NASDAQ:CRNT - IL0010851660 - Common Stock
We assign a technical rating of 7 out of 10 to CRNT. CRNT has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
CRNT has an excellent technical rating and also presents a decent setup pattern. 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 2.54. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.46, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CRNT in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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2.19
When analyzing the support we can see 4 important areas.
- Support @2.54 from a horizontal line in the daily time frame.
- A support zone ranging from 2.43 to 2.47. 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 2.25 to 2.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.21 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 2.56 to 2.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.63 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 | 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 | 60.14 | 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) | DOWN | NEGATIVE | The current price of CRNT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.81 | NEUTRAL | The RSI value for CRNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests CRNT has a positive trend. |
| Stochastics (14,3) | 78.79 | NEUTRAL | The Stochastics value for CRNT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.49 | MEDIUM VOLATILITY | The ATR as a percentage value for CRNT suggests some volalility. |
| Average Directional Index/ADX (14) | 22.01 | NEUTRAL | The ADX value for CRNT suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 2.56 | 2.41 | 0.15 (5.86%) | 17.07% |
| An entry @2.56. This is a Buy Stop order right above the resistance zone. | An exit @2.41. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.15 points, which is 5.86%. | For a 1.00% total portfolio risk, you can invest 17.07% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CRNT. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
2.55
+0.02 (+0.79%)
CERAGON NETWORKS LTD / CRNT FAQ
What is the ChartMill technical rating of CERAGON NETWORKS LTD (CRNT) stock?
ChartMill assigns a technical rating of 7 / 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 61.8073. 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 positive.
What are the support and resistance levels for CERAGON NETWORKS LTD (CRNT) stock?
CERAGON NETWORKS LTD (CRNT) has a support level at 2.46 and a resistance level at 2.54. Check the full technical report for our detailed analysis of CRNT support and resistance levels.