FSLY Technical Analysis - FASTLY INC - CLASS A

Technical Rating and Analysis

We assign a technical rating of 9 out of 10 to FSLY. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FSLY is showing a nice and steady performance.

The long and short term trends are both positive. This is looking good!

In the last month FSLY has a been trading in the 7.05 - 9.10 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

FSLY has an average volume of 3028330 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

When comparing the yearly performance of all stocks, we notice that FSLY is one of the better performing stocks in the market, outperforming 80% of all stocks. However, this relatively good performance is mostly due to a recent big move.

FSLY is part of the IT Services industry. There are 86 other stocks in this industry, FSLY did better than 65% of them.

FSLY is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FSLY is lagging the market.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

FASTLY INC - CLASS A / FSLY Weekly stock chart

FASTLY INC - CLASS A / FSLY Daily stock chart

Setup Rating and Analysis

Although FSLY has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

6.78

8.72

We found 2 important support areas.

A support zone ranging from 7.25 to 7.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 6.85 to 6.95. This zone is formed by a combination of multiple trend lines in multiple time frames.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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	UP	POSITIVE	The long term trend for FSLY is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for FSLY is up.
ChartMill Relative Strength	80.62	POSITIVE	FSLY has a high relative strength, it outperformed 80.62% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of FSLY is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of FSLY is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of FSLY is above the rising SMA(200).
Relative Strength Index/RSI (14)	62.35	NEUTRAL	The RSI value for FSLY is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.12	POSITIVE	The MACD value suggests FSLY has a positive trend, although the MACD value is declining.
Stochastics (14,3)	82.43	OVERBOUGHT	The high Stochastics value suggests FSLY may be overbought.
Average True Range in percent/ATR (20)	4.61	MEDIUM VOLATILITY	The ATR as a percentage value for FSLY suggests some volalility.
Average Directional Index/ADX (14)	35.84	POSITIVE	The high ADX value value for FSLY suggests a strong trend.