GLOBAL X CLOUD COMPUTING ETF (CLOU) Stock Technical Analysis
USA - NASDAQ:CLOU - US37954Y4420 - ETF
23.81 USD
+0.27 (+1.15%)
23.81 USD
0 (0%)
Overall CLOU gets a technical rating of 6 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CLOU is only an average performer.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the performance of all stocks over the past year, CLOU turns out to be only a medium performer in the overall market: it outperformed 64% of all stocks.
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.
In the last month CLOU has a been trading in a tight range between 22.71 and 23.94.
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 very little resistance above the current price. There is a support zone below the current price at 23.68, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CLOU in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
19.03
25.98
When analyzing the support we can see 4 important areas.
- A support zone ranging from 22.95 to 23.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @21.79 from a horizontal line in the weekly time frame.
- Support @21.23 from a horizontal line in the daily time frame.
- Support @19.22 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- Resistance @25.72 from a horizontal line in the weekly 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 | UP | POSITIVE | The long term trend for CLOU is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CLOU is neutral. |
| ChartMill Relative Strength | 64.02 | NEUTRAL | CLOU is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of CLOU is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.35 | NEUTRAL | The RSI value for CLOU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests CLOU has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 60.43 | NEUTRAL | The Stochastics value for CLOU is a neutral value. |
| Average True Range in percent/ATR (20) | 1.97 | LOW VOLATILITY | The low ATR as a percentage value for CLOU suggests low volalility. |
| Average Directional Index/ADX (14) | 14.45 | 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 |
|---|---|---|---|
| 23.90 | 22.94 | 0.96 (4.02%) | 24.90% |
| An entry @23.90. This is a Buy Stop order right above the 10 day high. | An exit @22.94. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.96 points, which is 4.02%. | When investing 24.90% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
23.81
+0.27 (+1.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.15%
1 Week3.12%
2 Weeks2.59%
1 Month0.93%
3 Month0.89%
6 Month11.52%
12 Month15.58%
2 Year33.61%
3 Year43.09%
5 Year1.54%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.5
ATR(20)%1.97%
ATR Inc1.96%
Range Today0.48
ADR(20)0.44
ADR(20)%1.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.02
Mansfield-0.73
10 Day High23.89
10 Day Low22.71
20 Day High23.94
20 Day Low22.71
52 Week High26.39
52 Week Low17.73
CS1 End23.68
CR1 Start25.72
Volume & EV
DER(3)8.69%
DER(5)6.78%
Volume70.00K
Volume Incr-67.09%
Vol(5)54.44K
Vol(50)130.78K