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ChinaNet Online Holdings Stock Forecast NASDAQ:CNET

$1.17 (10.38%)

Volume: 349k

Closed: Dec 08, 2021

Hollow Logo Score: -1.077

ChinaNet Online Holdings Stock Forecast

$1.17 (10.38%)

Volume: 349k

Closed: Dec 08, 2021

Score Hollow Logo -1.077
Which way will CNET go? Request
Key Stats
Beta 2.09
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 34 and the stock is currently not being overbought or oversold

Big movements in ChinaNet Online Holdings stock price on Wednesday moving 14.20% between high and low
(Updated on Dec 08, 2021)


Sell candidate since 2021-11-17 Loss -13.33%

The ChinaNet Online Holdings stock price gained 10.38% on the last trading day (Wednesday, 8th Dec 2021), rising from $1.06 to $1.17. , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 14.20% from a day low at $1.05 to a day high of $1.20. The price has fallen in 7 of the last 10 days and is down by -4.88% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 150 thousand more shares were traded than the day before. In total, 349 thousand shares were bought and sold for approximately $408.70 thousand.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.03% during the next 3 months and, with a 90% probability hold a price between $0.99 and $1.49 at the end of this 3-month period.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, December 06, 2021, and so far it has risen 13.59%. Further rise is indicated until a new top pivot has been found. ChinaNet Online Holdings has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The ChinaNet Online Holdings stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term moving average at $1.34. On a fall, the stock will find some support from the short-term average at $1.10. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss

ChinaNet Online Holdings finds support from accumulated volume at $1.14 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.15 between high and low, or 14.20%. For the last week, the stock has had a daily average volatility of 8.97%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is ChinaNet Online Holdings stock A Buy?

ChinaNet Online Holdings holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.077

Predicted Opening Price for ChinaNet Online Holdings of Thursday, December 9, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price December 9, 2021 Current price
$1.14 $1.17 (Overvalued)
Sell Candidate Unchanged

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Volatility and Risk
Daily Average Volatility: 8.97 %
Overall Risk: Very High High Medium Low Very Low
Volatility
8.97 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $1.23
Price: $1.17
Support: $1.14

CNET Insider Trading Show all Trades

INSIDER POWER

11.072

Last 100 transactions
Buy: 4 650 086 | Sell: 420 000 (Shares)
Date Action Amount Person Type
Aug 11, 2015 Sell 80 000 Rise King Investment Ltd Common Stock, par value $0.001
Aug 11, 2015 Sell 80 000 Liu Xuanfu Common Stock, par value $0.001
Aug 11, 2015 Sell 80 000 Zhang Zhige Common Stock, par value $0.001
Aug 11, 2015 Sell 80 000 Cheng Handong Common Stock, par value $0.001
Apr 20, 2015 Sell 50 000 Maclellan Douglas Charles Common Stock
Show all Insider Trades
INSIDER POWER

11.072

Last 100 transactions
Buy: 4 650 086 | Sell: 420 000 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 1.29 10.21 %
1.23 5.34 %
1.20 2.33 %
Current price: 1.17
Support 1.08 -7.41 %
1.05 -10.42 %
0.99 -15.29 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 1.42 21.37 %
1.24 5.98 %
1.23 5.13 %
Current price 1.17
Support 1.14 -2.56%
1.05 -10.26%
1.03 -11.97%

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About ChinaNet Online Holdings

ChinaNet Online Holdings, Inc., through its subsidiaries, provides business-to-businesses Internet technology services in the People’s Republic of China. It offers online-to-offline sales channel expansion, precision marketing, and the related data services for small and medium enterprises; and entrepreneurial management and networking services for entrepreneurs. The company also operates Internet advertising and marketing portals comprising 28.... Read more

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