CNET - ChinaNet Online Holdings

Industry: Advertising Agencies Sector: Services Exchange: NASDAQ

CNET - ChinaNet Online Holdings

Industry: Advertising Agencies Sector: Services Exchange: NASDAQ
#6501()/6981

Fri 20'th Jul 2018

PERIOD 2018-04-23 - 2018-07-20
CHANGE -1.70%
PRICE $2.31
VOLUME
Sell
TREND
Sell

MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

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ChinaNet Online Holdings Stock Analysis

Technical stock analysis for Fri 20'th Jul 2018

Sell candidate since 2018-07-10 Loss -7.23%
Shorts 4.31% ( 2018-06-29 )
Cash n/a
Loans n/a
Beta 2.14
ROA -29.45

ChinaNet Online Holdings fell by -1.70% in the last day from $2.35 to $2.31 and has now fallen 4 days in a row. The price has fallen in 7 of the last 10 days and is down by -7.97% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -11 645 shares and in total 51 427 shares bought and sold for approximately $118 796.00.

Trend

ChinaNet Online Holdings 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 -16.45% during the next 3 months and, with 90% probability hold a price between $1.80 and $2.35 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

There are few to none technical positive signals at the moment. ChinaNet Online Holdings holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $2.40 and $2.64. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Tuesday July 17, 2018, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

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A buy signal from a double bottom formation was found on Wednesday July 11, 2018 and based on theory for this formation the price should go up by 0.19% to $2.63 within 8 trading days since signal was issued (Monday July 23, 2018).

Relative Strength Index (RSI)

RSI14 is 37 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

ChinaNet Online Holdings finds support from accumulated volume at $2.31.

Support: $2.31 Price: $2.31 Resistance: $2.74

Risk

This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.08 between high and low, or 3.48%. For the last week the stock has had a daily average volatility of 9.92%.

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

Overall risk:

Very Low Low Medium High Very High

CNET $2.31 $-0.04(-1.70%)
CNET is down $0.04 today, but where's it headed in August?
Zacks Investment Research is releasing its prediction for CNET based on the 1-3 month system that more than doubles the S&P 500.

Click here – the CNET analysis is free »
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