Technical Analysis for CRNT - Ceragon Networks Ltd.

Grade Last Price % Change Price Change
A 3.70 14.55% 0.47
CRNT closed up 14.55 percent on Friday, November 22, 2024, on 4.63 times normal volume. The bulls were able to push the stock to a new 52-week high. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
New 52 Week Closing High Bullish 0.00%
Expansion Breakout Bullish Swing Setup 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Volume Surge Other 0.00%
Wide Range Bar Range Expansion 0.00%
New 52 Week High Strength 0.00%
Upper Bollinger Band Walk Strength 0.00%
Wide Bands Range Expansion 0.00%
Above Upper BB Strength 0.00%
Overbought Stochastic Strength 0.00%

   Recent Intraday Alerts

Alert Time
Up 2 ATRs 1 day ago
Up 10% 1 day ago
Possible Pocket Pivot 1 day ago
5x Volume Pace 1 day ago
3x Volume Pace 1 day ago

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Profile

Ceragon Networks Ltd. Description

Ceragon Networks Ltd. provides wireless backhaul solutions that enable cellular operators and other wireless service providers to deliver voice and data services worldwide. Its wireless backhaul solutions use microwave technology to transfer telecommunication traffic between base stations and the core of the service provider's network. The company offers products that address the backhaul needs of IP-based, hybrid, and circuit-switched networks, including FibeAir IP-20C for HetNet hauling applications; FibeAir IP-10C and FibeAir IP-70 for wireless backhaul at tail-sites and small-cell sites; FibeAir IP-10E, an Ethernet for carriers, private networks, and metro area networks; FibeAir IP-10Q for aggregation sites; FibeAir IP-10G, a multi-service for carriers and private networks; and FibeAir 2000/4800 and FibeAir 2500 for private networks, business access, and wireless backhaul at small cells sites. It also offers products for high capacity IP, TDM, or hybrid long-haul and backbone applications comprising Evolution Long-Haul IP for wireless backhaul, wireless backbone, and migration from TDM to IP long-haul; FibeAir 3200, a circuit-switched TDM; Evolution IP-10 Compact Long-Haul for long distance applications; and PointLink for offshore oil/gas rigs in vibration environment. In addition, the company provides network management systems to manage wireless backhaul networks; and IP/Ethernet solutions to wireless broadband service providers, and businesses and public institutions that operate their own private communications networks. Further, it offers network and radio planning, site survey, solutions development, installation, maintenance, and training services. The company sells its products through direct sales, original equipment manufacturers, resellers, distributors, and system integrators. It was formerly known as Giganet Ltd. and changed its name to Ceragon Networks Ltd. in September 2000. The company was founded in 1996 and is based in Tel Aviv, Israel.


Classification

Sector: Technology
Industry: Communication Equipment
Keywords: Telecommunications Broadband Systems Integrator Bone Ethernet Microwave Computer Networking Wireless Networking ETN Offshore Oil Voice And Data Network Architecture Network Management Work Management Backhaul Communications Network Vibration Wireless Broadband Wireless Service Providers Voice And Data Service Voice And Data Services Cell Site Private Networks Ethernet Solutions Wireless Backhaul Aviat Networks Cellular Operators Network Management Systems Private Communications Networks

Is CRNT a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 3.71
52 Week Low 1.798
Average Volume 532,947
200-Day Moving Average 2.76
50-Day Moving Average 2.65
20-Day Moving Average 2.73
10-Day Moving Average 2.98
Average True Range 0.19
RSI (14) 84.20
ADX 36.61
+DI 46.00
-DI 8.36
Chandelier Exit (Long, 3 ATRs) 3.13
Chandelier Exit (Short, 3 ATRs) 2.90
Upper Bollinger Bands 3.43
Lower Bollinger Band 2.02
Percent B (%b) 1.19
BandWidth 51.65
MACD Line 0.20
MACD Signal Line 0.09
MACD Histogram 0.1126
Fundamentals Value
Market Cap 312.25 Million
Num Shares 84.4 Million
EPS -0.08
Price-to-Earnings (P/E) Ratio -46.25
Price-to-Sales 0.66
Price-to-Book 1.68
PEG Ratio 8.80
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 4.37
Resistance 3 (R3) 4.30 4.01 4.26
Resistance 2 (R2) 4.01 3.83 4.04 4.22
Resistance 1 (R1) 3.85 3.73 3.93 3.92 4.19
Pivot Point 3.56 3.56 3.60 3.59 3.56
Support 1 (S1) 3.40 3.39 3.48 3.48 3.21
Support 2 (S2) 3.11 3.28 3.14 3.18
Support 3 (S3) 2.96 3.11 3.14
Support 4 (S4) 3.03