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CNET Stock ZW Data Action Technologies (CNET, $1.68) entered Uptrend as Momentum indicator ascends above 0 level on Dec 02, 2024

A.I.dvisor
at Tickeron.com
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CNET - ZW Data Action Technologies Inc
Momentum signal
Bullish Trend
Odds of UP Trend
Tickeron
Momentum signal
Price: $1.68
Daily change: +$0.08 (+5%)
Daily volume: 10.2K
Capitalization: $3.2M
Industry: Advertising/Marketing Services
This indicator may be signaling that CNET's price has momentum to move higher, since its current price exceeds the price logged 14 days ago. Traders may consider buying the stock or exploring call options. A.I.dvisor backtested 106 similar cases where CNET's Momentum Indicator exceeded 0, and of them led to a successful outcome. Odds of Success:

CNET sees its Stochastic Oscillator ascending out of oversold territory

On November 26, 2024, the Stochastic Oscillator for CNET moved out of oversold territory and this could be a bullish sign for the stock. Traders may want to buy the stock or buy call options. Tickeron's A.I.dvisor looked at 69 instances where the indicator left the oversold zone. In of the 69 cases the stock moved higher in the following days. This puts the odds of a move higher at over .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on December 02, 2024. You may want to consider a long position or call options on CNET as a result. In of 106 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for CNET just turned positive on November 25, 2024. Looking at past instances where CNET's MACD turned positive, the stock continued to rise in of 49 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CNET advanced for three days, in of 214 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

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

The Aroon Indicator for CNET entered a downward trend on December 03, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.935) is normal, around the industry mean (6.091). P/E Ratio (0.000) is within average values for comparable stocks, (187.448). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.550). CNET has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.036). P/S Ratio (0.259) is also within normal values, averaging (20.567).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. CNET’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. CNET’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 88, placing this stock worse than average.

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CNET
Daily Signalchanged days ago
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General Information

a company which promotes business expansion and sales opportunities for SMEs through online

Industry AdvertisingMarketingServices

Profile
Fundamentals
Details
Industry
Advertising Or Marketing Services
Address
No. 2 Fengfu Road
Phone
+86 1060846616
Employees
64
Web
https://www.zdat.com