BARRACUDA NETWORKS INC (CUDA) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CUDA -
Taking everything into account, CUDA scores 8 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CUDA is showing a nice and steady performance.
CUDA has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 27.54, 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
22.58
When analyzing the support we can see 3 important areas.
- A support zone ranging from 27.42 to 27.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @23.28 from a trend line in the weekly time frame.
- Support @22.81 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 27.56 to 27.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 CUDA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CUDA is up. |
| ChartMill Relative Strength | 80.17 | POSITIVE | CUDA has a high relative strength, it outperformed 80.17% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CUDA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CUDA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CUDA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.54 | NEUTRAL | The RSI value for CUDA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests CUDA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 36.67 | NEUTRAL | The Stochastics value for CUDA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.15 | LOW VOLATILITY | The low ATR as a percentage value for CUDA suggests low volalility. |
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 |
|---|---|---|---|
| 27.61 | 27.49 | 0.12 (0.43%) | 25.00% |
| An entry @27.61. This is a Buy Stop order right above the 10 day high. | An exit @27.49. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.12 points, which is 0.43%. | For a 0.11% total portfolio risk, you can invest 25.00% 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.
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BARRACUDA NETWORKS INC / CUDA FAQ
What is the ChartMill technical rating of BARRACUDA NETWORKS INC (CUDA) stock?
ChartMill assigns a technical rating of 7 / 10 to CUDA.
Can you provide the trend direction for BARRACUDA NETWORKS INC?
The current trend direction for BARRACUDA NETWORKS INC (CUDA) is Bullish.
Can you provide the RSI signal for BARRACUDA NETWORKS INC?
BARRACUDA NETWORKS INC (CUDA) has an RSI value of 63.5351. This indicates that the stock is currently neutral.
Can you provide the MACD signal for BARRACUDA NETWORKS INC?
The MACD indicator for BARRACUDA NETWORKS INC (CUDA) has a value of -0.0396227, indicating a bearish trend.
Can you provide the short term momentum for BARRACUDA NETWORKS INC?
The short term momentum for BARRACUDA NETWORKS INC (CUDA) is positive.