CLOUDFLARE INC - CLASS A (NET)
US18915M1071 - Common Stock
We assign a technical rating of 5 out of 10 to NET. In the last year, NET was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
When comparing the yearly performance of all stocks, we notice that NET is one of the better performing stocks in the market, outperforming 94% of all stocks. We also observe that the gains produced by NET over the past year are nicely spread over this period.
NET is one of the better performing stocks in the IT Services industry, it outperforms 94% of 86 stocks in the same industry.
NET has an average volume of 2974860 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
NET is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NET is lagging the market slightly.
In the last month NET has a been trading in the 82.83 - 97.37 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, NET does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 88.98. Right above this resistance zone may be a good entry point.
More info and screens
66.85
101.89
When analyzing the support we can see 3 important areas.
- A support zone ranging from 86.36 to 87.32. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 84.10 to 84.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @67.53 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 88.98 to 91.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @99.07 from a horizontal line in the daily time frame.
- Resistance @100.88 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.83
Mansfield0.98
10 Day High91.59
10 Day Low82.83
20 Day High97.37
20 Day Low82.83
52 Week High116
52 Week Low44.6
Performance
1 Week2.55%
2 Weeks2.61%
1 Month-4.59%
3 Month7.65%
6 Month38.11%
12 Month101.88%
2 Year58.88%
3 Year8.42%
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.15
RSI(14)46.15
LBB84.11
UBB91.5
CLOUDFLARE INC - CLASS A
NYSE:NET (5/2/2024, 4:08:36 PM)
After market: 76.2 -12.77 (-14.35%)88.97
+0.93 (+1.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg1.06%
1 Week2.55%
2 Weeks2.61%
1 Month-4.59%
3 Month7.65%
6 Month38.11%
12 Month101.88%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)3.42
ATR(20)%3.76%
ATR Inc
Range Today4.18
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High91.59
10 Day Low82.83
20 Day High97.37
20 Day Low82.83
52 Week High116
52 Week Low44.6
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume7.23M
Volume Incr58.16%
Vol(5)3.84M
Vol(50)2.97M