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Stock Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
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 DOWN since Sep 7th, 2023 at 1.790
The intermediate-term trend has been UP since Nov 6th, 2023 at 1.830
The short-term trend has been UP since Nov 27th, 2023 at 1.845
Smart Scan Analysis for CRNT
Based on our trend formula, CRNT is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.8900 | 1.9200 | 1.8435 | 1.9000 | +0.0300 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.9200 | 181698 | 2023-11-28 15:59:56 |
| Year High | 4.95 | Year High Date | 2018-11-13 |
| Year Low | 1.95 | Year Low Date | 2018-02-06 |
| 52wk High | 2.38 | 52wk High Date | 2023-07-12 |
| 52wk Low | 1.55 | 52wk Low Date | 2023-03-17 |
| Year End Close | 4.41 | Average Volume | 243,684 |
| Shares Outstanding | 81,703 | Short Interest | 200,116 |
| % Institutional | 45.7 | Market Cap | 209M |
| Assets | 294,464,000M | Liabilities | 168,082,000M |
| Beta | 1.31 | Volatility | 78.2 |