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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Big movements in ChinaNet Online Holdings stock price on Wednesday moving 24.69% between high and low
(Updated on Mar 27, 2024)

Buy candidate since Mar 27, 2024 PDF

The ChinaNet Online Holdings stock price gained 13.33% on the last trading day (Wednesday, 27th Mar 2024), rising from $0.90 to $1.02. It 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 last trading day the stock fluctuated 24.69% from a day low at $0.85 to a day high of $1.06. The price has risen in 6 of the last 10 days and is up by 6.29% 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, 59 thousand more shares were traded than the day before. In total, 65 thousand shares were bought and sold for approximately $66.57 thousand.

The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 12.17% during the next 3 months and, with a 90% probability hold a price between $1.00 and $1.30 at the end of this 3-month period.

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CNET Signals & Forecast

The ChinaNet Online Holdings stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.93 and $0.93. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, February 16, 2024, and so far it has fallen -7.27%. Further fall is indicated until a new bottom pivot has been found.

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

ChinaNet Online Holdings finds support from accumulated volume at $0.97 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 $0.210 between high and low, or 24.69%. For the last week, the stock has had daily average volatility of 9.38%.

Our recommended stop-loss: $0.97 (-4.86%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 27 days ago.)

Trading Expectations (CNET) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect ChinaNet Online Holdings to open at $0.98, and during the day (based on 14 day Average True Range), to move between $0.94 and $1.10, which gives a possible trading interval of +/-$0.0797 (+/-7.81%) up or down from last closing price. If ChinaNet Online Holdings takes out the full calculated possible swing range there will be an estimated 15.62% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $1.03 (1.04%) than the support at $0.97 (4.90%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is ChinaNet Online Holdings stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for ChinaNet Online Holdings stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 3.078 Buy Candidate Upgraded

Predicted Opening Price for ChinaNet Online Holdings of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$0.98 ( 4.25%) $1.02

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
Resistance R3 1.19 16.33 %
R2 1.11 8.47 %
R1 1.06 3.61 %
Current price: 1.02
Support S1 0.90 -12.11 %
S2 0.85 -16.97 %
S3 0.767 -24.83 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 1.10 7.84 %
R2 1.07 4.90 %
R1 1.03 1.04 %
Current price 1.02
Support S1 0.97 -4.90%
S2 0.93 -8.78%
S3 0.85 -17.16%

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?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for ChinaNet Online Holdings stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

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 2024-03-27, the price of an ChinaNet Online Holdings (CNET) share was $1.02.

What is the 52-week high and low for ChinaNet Online Holdings Stock?
The 52-week high for ChinaNet Online Holdings Stock is $2.19 and the 52-week low is $0.685.

What is the market capitalization of ChinaNet Online Holdings Stock?
As of the 2024-03-27, the market capitalization of ChinaNet Online Holdings is 6.484M.

When is the next earnings date for ChinaNet Online Holdings?
The upcoming earnings date for ChinaNet Online Holdings is Apr 15, 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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