Ceragon Networks Technical Analysis (NASDAQ:CRNT)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. Just by looking at the Ceragon Networks stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the CRNT stock chart which creates a trading signal.
See Ceragon Networks bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Ceragon Networks stock analysis.
Ceragon Networks Moving Average
Moving averages help predict the price direction of CRNT stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $3.14 is above the last closing price of $2.74 and the 50 day moving average of $3.46 is above the last closing price of $2.74. The 10 and 20 day periods can predict short term moving average trends.
Ceragon Networks Bollinger Bands
Bollinger bands comprise of a center line usually CRNT SMA, and two CRNT stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Ceragon Networks bollinger bands show that the stock price is $2.74, upper band is 3.49, lower band is 2.79, and the average is 3.14.
Ceragon Networks Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Ceragon Networks MACD indicator can be used to identify bullish and bearish trends for the stock.
Ceragon Networks Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. The relative strength index of CRNT stock is 10.96.