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Stock Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Ceragon Networks Ltd. - Ordinary Shares (NASDAQ:CRNT)
Sidelines Mode (-50) - CRNT is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until CRNT can gain momentum.
Is it time to buy, sell, or avoid CRNT?
MarketClub looks at technical strength and momentum to determine if the timing is right for CRNT.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for CRNT
The long-term trend has been UP since Dec 20th, 2023 at 2.0766
The intermediate-term trend has been DOWN since May 7th, 2024 at 2.6780
The short-term trend has been DOWN since May 7th, 2024 at 2.7600
Smart Scan Analysis for CRNT
Based on our trend formula, CRNT is rated as a -50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.770 | 2.885 | 2.760 | 2.835 | +0.065 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.840 | 434607 | 2024-05-08 15:59:34 |
| Year High | 4.95 | Year High Date | 2018-11-13 |
| Year Low | 1.95 | Year Low Date | 2018-02-06 |
| 52wk High | 3.38 | 52wk High Date | 2024-03-25 |
| 52wk Low | 1.56 | 52wk Low Date | 2023-10-23 |
| Year End Close | 4.41 | Average Volume | 532,785 |
| Shares Outstanding | 81,703 | Short Interest | 200,116 |
| % Institutional | 45.7 | Market Cap | 209M |
| Assets | 298,525,000M | Liabilities | 164,506,000M |
| P/E Ratio | 39.5714 | Beta | 1.31 |
| Volatility | 78.2 |