The CNET stock had a rise yesterday. Now, everybody is looking to invest in it.

    However, does this mean it will keep growing, or will it fall? What are the recent trading activities showing?

    What about the readings about the stock? These are some of the questions that need to get answered for traders.

    ChinaNet Online Holdings

    ChinaNet Online Holdings founded on October 2nd, 2006, and it is the parent company of ChinaNet Online Media Corporation.

    Its headquarters is in Beijing, China. ChinaNet Online Holding is a holding company that operates its primary business through its operating entities and subsidiaries.

    The corporation’s primary purpose is serving Chinese medium and small companies and entrepreneurs.

    It is also a B2B, integrated internet tech company that provides online to offline sales channel expansion.

    ChinaNet Online Holdings also does precision marketing and related data services for small and medium companies, and they do management and networking services for entrepreneurs in China.

    Its sectors come comprised of Internet advertising and television advertising.

    The services that it provides got founded on big data technologies, the Internet, and advertising; also, it will include making and publishing media-enabled marketing campaigns for its clients.

    This is how CNET Stock is now

    CNET stock is rose by 0.05 points today, and now the question is, will it go even higher?

    For that, we have to see more in-depth than the price of the CNET stock and look at the fundamentals and potential of future growth.

    The CNET stock has risen by 2.4 percent to 2.15 dollars. Now, can this rise of the CNET stock make it the best stock to buy?

    The CNET stock seems like it is having an active trading volume with approximately 202100 contracts.

    They had a somewhat better volume than their average trading capacity. However, with a 10.54 million float and a minus 7.49 percent run over a week, you should keep a close eye on it.

    Analysts are predicting that the CNET stock will rise in one year to a price of 27.7 dollars per share. That means that it could potentially increase by 1188.37 percent! That’s a significant rise if you ask me.

    Short interest in the CNET stock

    The shorts are all over the CNET stock. The latest short interest data, which got released on March 29th, show that short interest has risen.

    While short interest is still just 5.17 percent of CNET’s float, the number of shares shorted has jumped by 88.

    Recent trading activities for the CNET stock

    In the latest trading activity for ChinaNet Online Holdings, the corporation has seen its stock fall by minus 0.12 dollars in a week and jumped by 0.43 dollars approximately 20 days ago.

    Their recent high of 2.15 dollars is lower than the 52-week top of 3.99 dollars they established on 17th April of 2018.

    The beta of the CNET stock is 1.59, and since its more prominent than 1, it suggests that the CNET stock is more volatile than the market. The information that the traders should keep a close eye on.

    Readings of the CNET stock

    While going through the current text for the CNET stock, the two-week RSI is standing at 59.61. That would mean that the stock is neutral for the time being.

    The stochastics readings, which based on the current interpretations of the CNET, are also very revealing with its stochastic reading of 38.68 percent at this stage.

    Which would suggest that the CNET stock price is neutral today?

    The technical chart is showing that the stock would settle between 2.17 dollars per share to 2.24 dollars per share level.

    However, if the stock goes below 2.06 dollars, then the market for CNET will become much weaker.

    If that were to happen, then the stock would fall as low as 2.02 dollars for its downside target, the stock currently stands in the red zone of Moving Average Convergence Divergence.

    If the Moving Average Convergence Divergence is above the zero lines, then it would imply an upward momentum, and vice versa, if it is below the zero lines. Currently, the CNET stock stands at 0.03.


    The prediction for the CNET stock seems to be pretty good. Since the analysts are projecting its price to rise more than 1000 percent in one year, and that is amazing.

    However, the stock seems to be more volatile than the market. So, after reading all of the information, you can see that the stock is showing promise.

    So if you can invest in it, right now might not be the wrong time to do so.

    * Disclaimer: Highway Media Group will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

    Currency trading on margin involves high risk, and is not suitable for all investors. Trading or investing in cryptocurrencies carries with it potential risks.

    Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Cryptocurrencies are not suitable for all investors. Before deciding to trade foreign exchange or any other financial instrument or cryptocurrencies you should carefully consider your investment objectives, level of experience, and risk appetite.

    Highway Media Group would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures), Forex and cryptocurrencies prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes.

    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

    Therefore, Highway Media Group doesn’t bear any responsibility for any trading losses you might incur as a result of using this data. Highway Media Group may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.