CLOUDFLARE INC - CLASS A (NET) Stock Technical Analysis
NYSE:NET - US18915M1071 - Common Stock
208.71 USD
-4.71 (-2.21%)
208.5 USD
-0.21 (-0.1%)
Overall NET gets a technical rating of 10 out of 10. Both in the recent history as in the last year, NET has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that NET is one of the better performing stocks in the market, outperforming 96% of all stocks. On top of that, NET also shows a nice and consistent pattern of rising prices.
NET is one of the better performing stocks in the IT Services industry, it outperforms 91% of 83 stocks in the same industry.
NET is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month NET has a been trading in the 184.52 - 219.00 range, which is quite wide. It is currently trading near the high of this range.
NET has an average volume of 2932480 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.
Although NET 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
75.52
217.70
We found 7 important support areas.
- A support zone ranging from 195.94 to 202.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @192.76 from a horizontal line in the daily time frame.
- A support zone ranging from 189.10 to 189.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @184.95 from a horizontal line in the daily time frame.
- Support @111.80 from a trend line in the weekly time frame.
- Support @104.93 from a trend line in the daily time frame.
- Support @76.28 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- Resistance @215.54 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 | UP | POSITIVE | The long term trend for NET is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NET is up. |
| ChartMill Relative Strength | 96.18 | POSITIVE | NET has a high relative strength, it outperformed 96.18% 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) | 58.85 | NEUTRAL | The RSI value for NET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.59 | POSITIVE | The MACD value suggests NET has a positive trend. |
| Stochastics (14,3) | 82.17 | OVERBOUGHT | The high Stochastics value suggests NET may be overbought. |
| Average True Range in percent/ATR (20) | 3.88 | MEDIUM VOLATILITY | The ATR as a percentage value for NET suggests some volalility. |
| Average Directional Index/ADX (14) | 15.69 | NEGATIVE | The low ADX value for NET 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)
208.71
-4.71 (-2.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg-2.21%
1 Week6.39%
2 Weeks3.88%
1 Month4.3%
3 Month25.81%
6 Month43.64%
12 Month154.09%
2 Year220.94%
3 Year233.56%
5 Year445.5%
10 YearN/A
15 YearN/A
Volatility
ATR(14)7.4
ATR(20)%3.88%
ATR Inc34.16%
Range Today8.43
ADR(20)7.74
ADR(20)%3.71%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.18
Mansfield4.31
10 Day High215.65
10 Day Low184.52
20 Day High219
20 Day Low184.52
52 Week High219
52 Week Low74.88
CS1 End202.46
CR1 Start215.54
Volume & EV
DER(3)0.9%
DER(5)0.24%
Volume2.10M
Volume Incr-22.63%
Vol(5)2.25M
Vol(50)2.93M