CLOUDFLARE INC - CLASS A (NET) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:NET - US18915M1071 - Common Stock
Taking everything into account, NET scores 3 out of 10 in our technical rating. Although NET is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of NET is bad and it also does not present a 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
123.87
We found 2 important support areas.
- A support zone ranging from 181.39 to 182.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @125.12 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 201.31 to 202.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @215.53 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 NET is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NET is neutral. |
| ChartMill Relative Strength | 82.91 | POSITIVE | NET has a high relative strength, it outperformed 82.91% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NET is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NET is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of NET is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 33.53 | NEUTRAL | The RSI value for NET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.97 | NEGATIVE | The MACD value suggests NET has a negative trend. |
| Stochastics (14,3) | 30.18 | NEUTRAL | The Stochastics value for NET is a neutral value. |
| Average True Range in percent/ATR (20) | 3.65 | MEDIUM VOLATILITY | The ATR as a percentage value for NET suggests some volalility. |
| Average Directional Index/ADX (14) | 12.25 | NEGATIVE | The low ADX value for NET suggests a weak or negative trend. |
182.78
-4.18 (-2.24%)
CLOUDFLARE INC - CLASS A / NET FAQ
What is the ChartMill technical rating of CLOUDFLARE INC - CLASS A (NET) stock?
ChartMill assigns a technical rating of 3 / 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 33.5262. 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 -0.971121, indicating a bearish trend.