RSI low/high Values: [ 20 - 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 CRNT
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Red day on Thursday for Ceragon Networks Ltd.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Dec 20, 2023 Gain 56.10% PDF

The Ceragon Networks Ltd. stock price fell by -0.621% on the last day (Thursday, 28th Mar 2024) from $3.22 to $3.20. During the last trading day the stock fluctuated 3.13% from a day low at $3.19 to a day high of $3.29. The price has fallen in 5 of the last 10 days but is still up by 4.23% over the past 2 weeks. Volume has increased on the last day by 93 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 362 thousand shares were bought and sold for approximately $1.16 million.

The stock lies in the middle of a 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 42.08% during the next 3 months and, with a 90% probability hold a price between $4.28 and $4.74 at the end of this 3-month period.

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CRNT Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, March 25, 2024, and so far it has fallen -2.74%. 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). 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-offs". The Ceragon Networks Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $3.18 and $2.95. A breakdown below any of these levels will issue sell signals.

Support, Risk & Stop-loss for Ceragon Networks Ltd. stock

Ceragon Networks Ltd. finds support from accumulated volume at $3.05 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 $0.100 between high and low, or 3.13%. For the last week, the stock has had daily average volatility of 3.98%.

Our recommended stop-loss: $3.08 (-3.63%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 3 days ago.)

Trading Expectations (CRNT) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Ceragon Networks Ltd. to open at $3.23, and during the day (based on 14 day Average True Range), to move between $3.08 and $3.32, which gives a possible trading interval of +/-$0.124 (+/-3.87%) up or down from last closing price. If Ceragon Networks Ltd. takes out the full calculated possible swing range there will be an estimated 7.74% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $3.22 (0.63%) than the support at $3.05 (4.69%), 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 Ceragon Networks Ltd. 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 Ceragon Networks Ltd. stock to perform well in the short-term.

Current score: 3.194 Buy Candidate Unchanged

Predicted Opening Price for Ceragon Networks Ltd. of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$3.23 ( 0.83%) $3.20

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

Trading levels for CRNT

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 3.33 3.96 %
R2 3.29 2.76 %
R1 3.26 2.03 %
Current price: 3.20
Support S1 3.19 -0.360 %
S2 3.16 -1.10 %
S3 3.13 -2.29 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 3.29 2.81 %
R1 3.22 0.625 %
Current price 3.20
Support S1 3.05 -4.69%
S2 2.62 -18.13%
S3 2.52 -21.25%

FAQ

What is the symbol for Ceragon Networks Ltd. Stock and on which exchange is it traded?
The symbol for Ceragon Networks Ltd. is CRNT and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Ceragon Networks Ltd. 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 Ceragon Networks Ltd. stock to perform well in the short-term.

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

What's the current price of Ceragon Networks Ltd. Stock?
As of the end of day on the 2024-03-28, the price of an Ceragon Networks Ltd. (CRNT) share was $3.20.

What is the 52-week high and low for Ceragon Networks Ltd. Stock?
The 52-week high for Ceragon Networks Ltd. Stock is $3.38 and the 52-week low is $1.56.

What is the market capitalization of Ceragon Networks Ltd. Stock?
As of the 2024-03-28, the market capitalization of Ceragon Networks Ltd. is 271.743M.

When is the next earnings date for Ceragon Networks Ltd.?
The upcoming earnings date for Ceragon Networks Ltd. is May 06, 2024.
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About Ceragon Networks Ltd.

Ceragon Networks Ltd. Ceragon Networks Ltd. provides wireless backhaul and fronthaul solutions that enable cellular operators and other wireless service providers. Its solutions use microwave and millimeter wave radio technology to transfer telecommunication traffic between base stations, small/distributed cells, and the core of the service provider's network. The company also uses microwave technology for ultra-high speed, ultra-low latency communication for wireless... CRNT Profile

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