GLOBAL X CLOUD COMPUTING ETF (CLOU) Stock Technical Analysis
NASDAQ:CLOU - US37954Y4420 - ETF
22.43 USD
+0.44 (+2%)
22.43 USD
0 (0%)
Taking everything into account, CLOU scores 3 out of 10 in our technical rating. In the last year, CLOU was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
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 49% 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 the 21.05 - 23.31 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, CLOU does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 22.49. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 22.32, a Stop Loss order could be placed below this zone.
More info and screens
19.03
25.98
3 important support areas can be observed.
- A support zone ranging from 21.64 to 22.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @21.23 from a horizontal line in the daily time frame.
- A support zone ranging from 19.22 to 19.24. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 22.49 to 22.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 23.28 to 23.37. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Strong resistance @23.80 from a horizontal line in the daily time frame.
- 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 | NEUTRAL | NEUTRAL | The long term trend for CLOU is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CLOU is neutral. |
| ChartMill Relative Strength | 49.26 | NEUTRAL | CLOU is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CLOU is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CLOU is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of CLOU is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.33 | NEUTRAL | The RSI value for CLOU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests CLOU has a positive trend. |
| Stochastics (14,3) | 65.2 | NEUTRAL | The Stochastics value for CLOU is a neutral value. |
| Average True Range in percent/ATR (20) | 2.23 | MEDIUM VOLATILITY | The ATR as a percentage value for CLOU suggests some volalility. |
| Average Directional Index/ADX (14) | 17.45 | 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)
22.43
+0.44 (+2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg2%
1 Week2.8%
2 Weeks1.86%
1 Month-3.15%
3 Month-2.05%
6 Month-4.63%
12 Month11.2%
2 Year9.36%
3 Year32.25%
5 Year-8.07%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.45
ATR(20)%2.23%
ATR Inc-16.29%
Range Today0.36
ADR(20)0.42
ADR(20)%1.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS49.26
Mansfield-0.95
10 Day High22.51
10 Day Low21.53
20 Day High23.31
20 Day Low21.05
52 Week High26.39
52 Week Low17.73
CS1 End22.32
CR1 Start22.49
Volume & EV
DER(3)-0.94%
DER(5)0.98%
Volume106.40K
Volume Incr-27.49%
Vol(5)75.50K
Vol(50)96.99K