GLOBAL X CLOUD COMPUTING ETF (CLOU) Technical Analysis
NASDAQ:CLOU • US37954Y4420
Current stock price
CLOU Technical Rating and Analysis
We assign a technical rating of 1 out of 10 to CLOU. CLOU scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- When comparing the yearly performance of all stocks, CLOU is a bad performer in the overall market: 78% of all stocks are doing better.
- In the last month CLOU has a been trading in the 17.52 - 20.34 range, which is quite wide. It is currently trading near the high of this range.
- 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.
- Volume is considerably higher in the last couple of days.
CLOU Weekly and Daily overview Charts
CLOU Setup Rating and Analysis
CLOU has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 19.75. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 19.62, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
CLOU Support and Resistance Analysis
17.93
We found 3 important support areas.
- Support @19.62 from a horizontal line in the daily time frame.
- A support zone ranging from 19.01 to 19.30. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @18.11 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 19.75 to 20.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 23.04 to 23.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @23.61 from a horizontal line in the weekly time frame.
CLOU Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for CLOU is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CLOU is neutral. |
| ChartMill Relative Strength | 22.87 | NEGATIVE | CLOU has a low relative strength, it was outperformed by 77.13% off all stocks 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) | UP | POSITIVE | The current price of CLOU is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CLOU is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.04 | NEUTRAL | The RSI value for CLOU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests CLOU has a positive trend. |
| Stochastics (14,3) | 68.93 | NEUTRAL | The Stochastics value for CLOU is a neutral value. |
| Average True Range in percent/ATR (20) | 3.36 | MEDIUM VOLATILITY | The ATR as a percentage value for CLOU suggests some volalility. |
| Average Directional Index/ADX (14) | 15.18 | NEGATIVE | The low ADX value for CLOU suggests a weak or negative trend. |
CLOU Chart- and CandleStick Pattern Analysis
CLOU Technicals: Chart, Performance Metrics, Trend & Indicators
19.7
+0.09 (+0.46%)
GLOBAL X CLOUD COMPUTING ETF / CLOU TA FAQ
What is the ChartMill technical rating of GLOBAL X CLOUD COMPUTING ETF (CLOU) stock?
ChartMill assigns a technical rating of 1 / 10 to CLOU.
What is the current trend direction of GLOBAL X CLOUD COMPUTING ETF (CLOU) stock?
The current trend direction for GLOBAL X CLOUD COMPUTING ETF (CLOU) is Bearish.
What is the RSI signal for CLOU stock?
GLOBAL X CLOUD COMPUTING ETF (CLOU) has an RSI value of 54.0385. This indicates that the stock is currently neutral.
What is the MACD signal for CLOU stock?
The MACD indicator for GLOBAL X CLOUD COMPUTING ETF (CLOU) has a value of 0.0462111, indicating a bearish trend.