Question 1

What implications does the 10-day RSI indicator have for CRNT?

Accepted Answer

The 10-day RSI Indicator for CRNT moved out of overbought territory on August 02, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 38 similar instances where the indicator moved out of overbought territory. In 32 of the 38 cases, the stock moved lower in the following days. This puts the odds of a move lower at 0%.

Question 2

What does the Stochastic Oscillator suggest about CRNT's trend?

Accepted Answer

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 6 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Question 3

How did CRNT's Momentum indicator behave recently?

Accepted Answer

The Momentum Indicator moved above the 0 level on August 08, 2024. You may want to consider a long position or call options on CRNT as a result. In 56 of 77 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 0%.

Question 4

What does MACD indicator imply for CRNT?

Accepted Answer

The Moving Average Convergence Divergence (MACD) for CRNT just turned positive on August 09, 2024. Looking at past instances where CRNT's MACD turned positive, the stock continued to rise in 29 of 44 cases over the following month. The odds of a continued upward trend are 0%.

Question 5

What is the significance of the 50-day moving average indicator for CRNT?

Accepted Answer

CRNT moved above its 50-day moving average on August 07, 2024 date and that indicates a change from a downward trend to an upward trend.

Question 6

What does a 3-day price advance indicate for CRNT?

Accepted Answer

Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where CRNT advanced for three days, in 195 of 247 cases, the price rose further within the following month. The odds of a continued upward trend are 79%.

Question 7

What does a 3-day decline signify for CRNT's future price movement?

Accepted Answer

Following a 3-day decline, the stock is projected to fall further. Considering past instances where CRNT declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 0%.

Question 8

What does CRNT breaking above its upper Bollinger Band indicate?

Accepted Answer

CRNT may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Question 9

How does the Aroon Indicator reflect on CRNT's trend?

Accepted Answer

The Aroon Indicator entered an Uptrend today. In 175 of 200 cases where CRNT Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 0%.

CRNT Stock Ceragon Networks (CRNT, $3.04) price moved above its 50-day Moving Average on May 03, 2024

CRNT in +15.32% Uptrend, growing for three consecutive days on August 08, 2024

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