CLOUDFLARE INC - CLASS A (NET) Technical Analysis
NYSE:NET • US18915M1071
Current stock price
212.45 USD
+0.34 (+0.16%)
At close:
212 USD
-0.45 (-0.21%)
After Hours:
NET Technical Rating and Analysis
Overall NET gets a technical rating of 10 out of 10. NET has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- Looking at the yearly performance, NET did better than 91% of all other stocks. On top of that, NET also shows a nice and consistent pattern of rising prices.
- NET is part of the IT Services industry. There are 87 other stocks in this industry. NET outperforms 93% of them.
- NET is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so NET is performing more or less in line with the market.
- In the last month NET has a been trading in the 158.83 - 217.73 range, which is quite wide. It is currently trading near the high of this range.
- NET has an average volume of 4791290 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
NET Weekly and Daily overview Charts
NET Setup Rating and Analysis
Although NET 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
NET Support and Resistance Analysis
130.12
217.69
When analyzing the support we can see 2 important areas.
- Support @163.05 from a horizontal line in the daily time frame.
- Support @131.43 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 212.46 to 215.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
NET 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 | NEUTRAL | NEUTRAL | The long term trend for NET is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NET is up. |
| ChartMill Relative Strength | 91.51 | POSITIVE | NET has a high relative strength, it outperformed 91.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NET is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NET is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NET is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.98 | NEUTRAL | The RSI value for NET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 4.11 | POSITIVE | The MACD value suggests NET has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 92.66 | OVERBOUGHT | The high Stochastics value suggests NET may be overbought. |
| Average True Range in percent/ATR (20) | 5.06 | HIGH VOLATILITY | The high ATR as a percentage value for NET suggests high volalility. |
| Average Directional Index/ADX (14) | 19.72 | NEGATIVE | The low ADX value for NET suggests a weak or negative trend. |
NET Chart- and CandleStick Pattern Analysis
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)
NET Technicals: Chart, Performance Metrics, Trend & Indicators
212.45
+0.34 (+0.16%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg0.16%
1 Week8.84%
2 Weeks23.38%
1 Month14.73%
3 Month4.94%
6 Month-4.01%
12 Month82.91%
2 Year119.41%
3 Year244.55%
5 Year202.38%
10 YearN/A
15 YearN/A
Volatility
ATR(14)9.44
ATR(20)%5.06%
ATR Inc-22.72%
Range Today9.57
ADR(20)10.61
ADR(20)%5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.51
3 months CRS80.03
6 months CRS39.47
Mansfield1.19
10 Day High217.73
10 Day Low167.65
20 Day High217.73
20 Day Low158.83
52 Week High260
52 Week Low89.42
CS1 End163.05
CR1 Start212.46
Volume & EV
DER(3)-0.15%
DER(5)0.04%
Volume2.54M
Volume Incr-35.61%
Vol(5)3.60M
Vol(50)4.79M
CLOUDFLARE INC - CLASS A / NET TA FAQ
What is the ChartMill technical rating of CLOUDFLARE INC - CLASS A (NET) stock?
ChartMill assigns a technical rating of 10 / 10 to NET.
What is the current trend direction of CLOUDFLARE INC - CLASS A (NET) stock?
The current trend direction for CLOUDFLARE INC - CLASS A (NET) is Bearish.
What is the RSI signal for CLOUDFLARE INC - CLASS A (NET) stock?
CLOUDFLARE INC - CLASS A (NET) has an RSI value of 65.98. This indicates that the stock is currently neutral.
What is the MACD signal for CLOUDFLARE INC - CLASS A (NET) stock?
The MACD indicator for CLOUDFLARE INC - CLASS A (NET) has a value of 4.11034, indicating a bullish trend.