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CRNT - Ceragon Networks Ltd.

Industry: Communication Equipment Sector: Technology Exchange: NASDAQ

CRNT - Ceragon Networks Ltd.

Industry: Communication Equipment Sector: Technology Exchange: NASDAQ
#683()/6583

Fri 25'th May 2018

PERIOD 2018-02-26 - 2018-05-25
CHANGE -0.32%
PRICE $3.16
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Sell

PIVOT
Buy

MACD
Buy

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Ceragon Networks Ltd. Stock Analysis

Technical stock analysis for Fri 25'th May 2018

Buy candidate since 2018-05-21 Loss -3.07%

Ceragon Networks Ltd. fell by -0.32% in the last day from $3.17 to $3.16 The price has risen in 7 of the last 10 days and is up by 12.46% over the past 2 weeks. Volume has increased in the last day by 3 146 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 368 947 shares bought and sold for approximately $1.17 million.

Shorts 1.71% ( 2018-04-30 )
Cash 96.4 mill
Loans n/a
Beta 0.75
ROA 6.70

Trend

Ceragon Networks Ltd. lies in the upper part of a wide and weak rising trend in the short term, and this will 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 $3.28 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 7.46% during the next 3 months and, with 90% probability hold a price between $2.85 and $3.53 at the end of this period.

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Signals

Ceragon Networks Ltd. holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $3.17. On a fall, the stock will find some support from the long-term average at approximately $2.81. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Tuesday May 22, 2018, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Ceragon Networks Ltd. gained volume on the last day, but on falling prices. In technical terms this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-off's".

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A sell signal from a double top formation was found on Monday May 21, 2018 and based on theory for this formation the price should fall by -0.17% to $3.09 within 2 trading days since signal was issued (Wednesday May 23, 2018).

Relative Strength Index (RSI)

RSI14 is 63 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Ceragon Networks Ltd. finds support from accumulated volume at $3.09.

Support: $3.09 Price: $3.16 Resistance: $3.17

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 $0.11 between high and low, or 3.51%. For the last week, the stock has had a daily average volatility of 4.05%.

Our recommended stoploss: $3.00 (-5.06%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 3 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

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 this stock to perform well in the short-term.

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