CNET - ChinaNet Online Holdings

Industry: Advertising Agencies Sector: Services Exchange: NASDAQ

CNET - ChinaNet Online Holdings

Industry: Advertising Agencies Sector: Services Exchange: NASDAQ
#1736()/7535

Wed 17'th Oct 2018

PERIOD 2018-07-18 - 2018-10-17
CHANGE 17.36%
PRICE $1.69
VOLUME
Buy
TREND
Sell

MV LONG
Sell

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

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ChinaNet Online Holdings Stock Analysis

Technical stock analysis for Wed 17'th Oct 2018

Hold candidate since 2018-10-17
Shorts 14.48% ( 2018-09-28 )
Cash n/a
Loans n/a
Beta 2.14
ROA -70.35

ChinaNet Online Holdings gained 17.36% in the last trading day, rising from $1.44 to $1.69 , 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. The price has fallen in 7 of the last 10 days and is down by -0.59% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 611 663 more shares were traded than the day before. In total, 643 514 shares bought and sold for approximately $1.09 million.

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 -29.70% during the next 3 months and, with 90% probability hold a price between $0.91 and $1.32 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

A buy signal was issued from a pivot bottom point on Thursday October 11, 2018, which indicates further gains until a new top pivot has been found. ChinaNet Online Holdings has rising 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. ChinaNet Online Holdings holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $1.75. On a fall, the stock will find some support from the short-term average at $1.47. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.

Access today's Top 5 Golden Star Companies

Relative Strength Index (RSI)

RSI14 is 50 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 $1.66.

Support: $1.66 Price: $1.69 Resistance: $1.84

Risk

This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.39 between high and low, or 26.40%. For the last week, the stock has had a daily average volatility of 10.98%.

Our recommended stoploss: $1.60 (-5.14%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from pivot bottom found 4 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

ChinaNet Online Holdings holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.

Hold/Accumulate

Click for Top 5 Hold/Accumulates
CNET $1.69 $0.25(17.36%)
CNET is up $0.25 today, but where's it headed in November?
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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