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Stock Trend Analysis Report
Prepared for you on Saturday, May 4, 2024.
Ceragon Networks Ltd. - Ordinary Shares (NASDAQ:CRNT)
Bull Market Weakness (+75) - CRNT is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CRNT as it may be in the beginning stages of a reversal.
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 Apr 12th, 2024 at 2.9100
The short-term trend has been UP since Apr 23rd, 2024 at 2.8300
Smart Scan Analysis for CRNT
Based on our trend formula, CRNT is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.900 | 3.085 | 2.890 | 3.040 | +0.180 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.040 | 937186 | 2024-05-03 15:59:48 |
| 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 | 384,850 |
| 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 | 40.8571 | Beta | 1.31 |
| Volatility | 78.2 |