FASTLY INC - CLASS A (FSLY) Stock Technical Analysis
NYSE:FSLY - US31188V1008 - Common Stock
7.61 USD
-0.11 (-1.42%)
7.72 USD
+0.11 (+1.45%)
We assign a technical rating of 7 out of 10 to FSLY. FSLY has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month FSLY has a been trading in the 6.31 - 7.78 range, which is quite wide. It is currently trading near the high of this range.
FSLY has an average volume of 2711610 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, FSLY did better than 75% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
FSLY is an average performer in the IT Services industry, it outperforms 67% of 83 stocks in the same industry.
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.
Although FSLY has an excellent technical rating, the quality of the presented setup is not ideal 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
6.57
8.37
3 important support areas can be observed.
- Support @7.25 from a horizontal line in the daily time frame.
- A support zone ranging from 6.94 to 7.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 6.64 to 6.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @8.06 from a horizontal line in the weekly time frame.
- Resistance @8.29 from a horizontal line in the daily 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 FSLY is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FSLY is up. |
| ChartMill Relative Strength | 75.93 | POSITIVE | FSLY has a high relative strength, it outperformed 75.93% 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) | DOWN | NEGATIVE | The current price of FSLY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.33 | NEUTRAL | The RSI value for FSLY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests FSLY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.88 | OVERBOUGHT | The high Stochastics value suggests FSLY may be overbought. |
| Average True Range in percent/ATR (20) | 4.74 | MEDIUM VOLATILITY | The ATR as a percentage value for FSLY suggests some volalility. |
| Average Directional Index/ADX (14) | 23.36 | NEUTRAL | The ADX value for FSLY suggests a possible start of a new 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)
7.61
-0.11 (-1.42%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg-1.42%
1 Week1.47%
2 Weeks9.5%
1 Month19.65%
3 Month4.53%
6 Month11.75%
12 Month26.41%
2 Year-68.01%
3 Year-18.61%
5 Year-91.8%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.31
ATR(20)%4.74%
ATR Inc-28.54%
Range Today0.19
ADR(20)0.31
ADR(20)%4.05%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.93
Mansfield-0.78
10 Day High7.78
10 Day Low6.84
20 Day High7.78
20 Day Low6.31
52 Week High12.08
52 Week Low4.65
CS1 End7.25
CR1 Start8.06
Volume & EV
DER(3)3.39%
DER(5)2.4%
Volume2.57M
Volume Incr-25.97%
Vol(5)2.26M
Vol(50)2.71M