CLOUDFLARE INC - CLASS A (NET) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:NET - US18915M1071 - Common Stock
Taking everything into account, NET scores 4 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.
Although the technical rating is only medium, NET does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 189.15, a Stop Loss order could be placed below this zone.
More info and screens
121.79
We found 2 important support areas.
- A support zone ranging from 184.95 to 189.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @123.02 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 197.20 to 206.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 211.87 to 215.53. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The short term trend for NET is down. |
| ChartMill Relative Strength | 88.46 | POSITIVE | NET has a high relative strength, it outperformed 88.46% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of NET is below the rising 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 | POSITIVE | The current price of NET is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.59 | NEUTRAL | The RSI value for NET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.35 | NEGATIVE | The MACD value suggests NET has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 10.6 | OVERSOLD | The low Stochastics value suggests NET may be oversold. |
| Average True Range in percent/ATR (20) | 3.64 | MEDIUM VOLATILITY | The ATR as a percentage value for NET suggests some volalility. |
| Average Directional Index/ADX (14) | 14.7 | NEGATIVE | The low ADX value for NET suggests a weak or negative trend. |
195.68
+1.85 (+0.95%)
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 4 / 10 to NET.
Can you provide the trend direction for CLOUDFLARE INC - CLASS A?
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 42.5853. This indicates that the stock is currently neutral.
What is the short term momentum for NET stock?
The short term momentum for CLOUDFLARE INC - CLASS A (NET) is negative.