GLOBAL X CLOUD COMPUTING ETF (CLOU) Stock Technical Analysis
NASDAQ:CLOU - Nasdaq - US37954Y4420 - ETF - Currency: USD
Overall CLOU gets a technical rating of 6 out of 10. CLOU has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month CLOU has a been trading in the 22.24 - 23.66 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Looking at the yearly performance, CLOU did better than 74% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
CLOU is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CLOU is lagging the market.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, CLOU does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 23.14. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 23.12, a Stop Loss order could be placed below this zone.
More info and screens
18.88
26.60
When analyzing the support we can see 2 important areas.
- A support zone ranging from 22.32 to 23.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 19.07 to 19.22. This zone is formed by a combination of multiple trend lines in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 23.14 to 23.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @25.72 from a horizontal line in the weekly time frame.
- Resistance @26.34 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for CLOU is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CLOU is up. |
| ChartMill Relative Strength | 74.53 | POSITIVE | CLOU has a high relative strength, it outperformed 74.53% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CLOU is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CLOU is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CLOU is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.1 | NEUTRAL | The RSI value for CLOU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests CLOU has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 53.05 | NEUTRAL | The Stochastics value for CLOU is a neutral value. |
| Average True Range in percent/ATR (20) | 1.5 | LOW VOLATILITY | The low ATR as a percentage value for CLOU suggests low volalility. |
| Average Directional Index/ADX (14) | 14.67 | NEGATIVE | The low ADX value for CLOU suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 23.38 | 22.23 | 1.15 (4.92%) | 20.33% |
| An entry @23.38. This is a Buy Stop order right above the resistance zone. | An exit @22.23. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.15 points, which is 4.92%. | For a 1.00% total portfolio risk, you can invest 20.33% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NASDAQ:CLOU (6/27/2025, 8:00:00 PM)
23.13
+0.15 (+0.65%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.65%
1 Week2.62%
2 Weeks0.3%
1 Month1.63%
3 Month9%
6 Month-5.09%
12 Month17.65%
2 Year16.58%
3 Year40.27%
5 Year7.98%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.35
ATR(20)%1.5%
ATR Inc0.71%
Range Today0.32
ADR(20)0.32
ADR(20)%1.36%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.53
Mansfield-0.19
10 Day High23.25
10 Day Low22.24
20 Day High23.66
20 Day Low22.24
52 Week High26.39
52 Week Low17.73
CS1 End23.12
CR1 Start23.14
Volume & EV
DER(3)-3.99%
DER(5)-3.7%
Volume47.60K
Volume Incr-35.62%
Vol(5)74.72K
Vol(50)122.19K