RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of CNET
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ChinaNet Online Holdings stock price up 3.83% on Friday
(Updated on Jul 12, 2024)

Sell candidate since Jun 25, 2024 Gain 9.98% PDF

The ChinaNet Online Holdings stock price gained 3.83% on the last trading day (Friday, 12th Jul 2024), rising from $0.780 to $0.81. During the last trading day the stock fluctuated 9.33% from a day low at $0.750 to a day high of $0.82. The price has risen in 6 of the last 10 days and is up by 6.64% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 13 thousand more shares were traded than the day before. In total, 19 thousand shares were bought and sold for approximately $15.21 thousand.

The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.86 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -18.45% during the next 3 months and, with a 90% probability hold a price between $0.474 and $0.704 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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CNET Signals & Forecast

There are mixed signals in the stock today. 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 $0.81. On a fall, the stock will find some support from the short-term average at $0.778. 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. A sell signal was issued from a pivot top point on Friday, June 21, 2024, and so far it has fallen -10.76%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for ChinaNet Online Holdings stock

ChinaNet Online Holdings finds support from accumulated volume at $0.81 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0700 between high and low, or 9.33%. For the last week, the stock has had daily average volatility of 8.16%.

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

Trading Expectations (CNET) For The Upcoming Trading Day Of Monday 15th

For the upcoming trading day on Monday, 15th we expect ChinaNet Online Holdings to open at $0.793, and during the day (based on 14 day Average True Range), to move between $0.740 and $0.88, which gives a possible trading interval of +/-$0.0697 (+/-8.60%) up or down from last closing price. If ChinaNet Online Holdings takes out the full calculated possible swing range there will be an estimated 17.21% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.81 (0.23%) than the resistance at $0.85 (4.95%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

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: -1.970 Sell Candidate Unchanged

Predicted Opening Price for ChinaNet Online Holdings of Monday, July 15, 2024

Fair opening price July 15, 2024 Current price
$0.793 ( 2.05%) $0.81

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

Trading levels for CNET

Fibonacci Support & Resistance Levels

Level Price
R3 0.86 6.59%
R2 0.84 3.29%
R1 0.82 1.25%
Price 0.81
S1 0.767 -5.35%
S2 0.750 -7.39%
S3 0.723 -10.69%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0.99 22.69%
R2 0.93 14.87%
R1 0.85 4.95%
Price 0.81
S1 0.81 -0.235%
S2 0.736 -9.08%
S3 0.703 -13.22%

FAQ

What is the symbol for ChinaNet Online Holdings Stock and on which exchange is it traded?
The symbol for ChinaNet Online Holdings is CNET and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell ChinaNet Online Holdings Stock?
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.

How to buy ChinaNet Online Holdings Stock?
ChinaNet Online Holdings Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy ChinaNet Online Holdings Stock.

What's the current price of ChinaNet Online Holdings Stock?
As of the end of day on the Jul 12, 2024, the price of an ChinaNet Online Holdings (CNET) share was $0.81.

What is the 52-week high and low for ChinaNet Online Holdings Stock?
The 52-week high for ChinaNet Online Holdings Stock is $1.45 and the 52-week low is $0.661.

What is the market capitalization of ChinaNet Online Holdings Stock?
As of the Jul 12, 2024, the market capitalization of ChinaNet Online Holdings is 5.835M.

When is the next earnings date for ChinaNet Online Holdings?
The upcoming earnings date for ChinaNet Online Holdings is Aug 19, 2024.
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About ChinaNet Online Holdings

ZW Data Action Technologies Inc., through its subsidiaries, provides omni-channel advertising, precision marketing, and data analysis management systems in the People's Republic of China. It offers Internet advertising, precision marketing, and related data services through its Internet portals, including 28.com and liansuo.com that provide advertisers with tools to build sales channels in the form of franchisees, sales agents, distributors, and/... CNET Profile

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