FASTLY INC - CLASS A (FSLY) Stock Technical Analysis
NYSE:FSLY - New York Stock Exchange, Inc. - US31188V1008 - Common Stock - Currency: USD
Taking everything into account, FSLY scores 3 out of 10 in our technical rating. FSLY has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
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.
FSLY is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
FSLY has an average volume of 2827320 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, FSLY turns out to be only a medium performer in the overall market: it outperformed 62% of all stocks.
FSLY is an average performer in the IT Services industry, it outperforms 63% of 81 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.
FSLY has a bad technical rating, but it does show a decent setup pattern. 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 7.03. Right above this resistance zone may be a good entry point.
More info and screens
6.55
8.35
3 important support areas can be observed.
- A support zone ranging from 6.91 to 7.02. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @6.75 from a horizontal line in the weekly time frame.
- Support @6.62 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 7.03 to 7.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @7.79 from a trend line in the daily time frame.
- Resistance @8.06 from a horizontal line in the weekly time frame.
- Resistance @8.27 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 | DOWN | NEGATIVE | The long term trend for FSLY is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FSLY is neutral. |
| ChartMill Relative Strength | 62.71 | NEUTRAL | FSLY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FSLY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of FSLY is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of FSLY is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.19 | NEUTRAL | The RSI value for FSLY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests FSLY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 36.73 | NEUTRAL | The Stochastics value for FSLY is a neutral value. |
| Average True Range in percent/ATR (20) | 4.58 | MEDIUM VOLATILITY | The ATR as a percentage value for FSLY suggests some volalility. |
| Average Directional Index/ADX (14) | 16.76 | NEGATIVE | The low ADX value for FSLY 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)
7.03
+0.11 (+1.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg1.59%
1 Week2.03%
2 Weeks3.38%
1 Month-8.46%
3 Month36.24%
6 Month-26.39%
12 Month-5.26%
2 Year-61.73%
3 Year-38.17%
5 Year-92.71%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.32
ATR(20)%4.58%
ATR Inc-31.69%
Range Today0.21
ADR(20)0.28
ADR(20)%4.01%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS62.71
Mansfield-1.37
10 Day High7.19
10 Day Low6.54
20 Day High8.36
20 Day Low6.52
52 Week High12.08
52 Week Low4.65
CS1 End7.02
CR1 Start7.03
Volume & EV
DER(3)-0.17%
DER(5)0.71%
Volume1.30M
Volume Incr-15.69%
Vol(5)2.61M
Vol(50)2.83M