CLOUDFLARE INC - CLASS A (NET) Technical Analysis
NYSE:NET • US18915M1071
Current stock price
NET Technical Rating and Analysis
Overall NET gets a technical rating of 7 out of 10. In the past year, NET was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
- When comparing the yearly performance of all stocks, we notice that NET is one of the better performing stocks in the market, outperforming 91% of all stocks.
- NET is one of the better performing stocks in the IT Services industry, it outperforms 94% of 88 stocks in the same industry.
- In the last month NET has a been trading in the 188.00 - 229.15 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- NET has an average volume of 5052860 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- 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.
- Considerably lower volume is observed in the last couple of days.
NET Weekly and Daily overview Charts
NET Setup Rating and Analysis
Besides having an excellent technical rating, NET also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 215.43. Right above this resistance zone may be a good entry point.
More info and screens
NET Support and Resistance Analysis
132.19
4 important support areas can be observed.
- A support zone ranging from 198.13 to 198.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 192.13 to 194.62. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @180.18 from a trend line in the weekly time frame.
- Support @133.53 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 215.43 to 215.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 222.19 to 225.49. This zone is formed by a combination of multiple trend lines in the daily time frame.
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 | NEUTRAL | NEUTRAL | The short term trend for NET is neutral. |
| ChartMill Relative Strength | 91.78 | POSITIVE | NET has a high relative strength, it outperformed 91.78% 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) | 55.13 | NEUTRAL | The RSI value for NET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.73 | NEGATIVE | The MACD value suggests NET has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 43.66 | NEUTRAL | The Stochastics value for NET is a neutral value. |
| Average True Range in percent/ATR (20) | 5.09 | HIGH VOLATILITY | The high ATR as a percentage value for NET suggests high volalility. |
| Average Directional Index/ADX (14) | 20.86 | NEUTRAL | The ADX value for NET suggests a possible start of a new trend. |
NET Chart- and CandleStick Pattern Analysis
NET Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 215.54 | 198.12 | 17.42 (8.08%) | 12.37% |
| An entry @215.54. This is a Buy Stop order right above the resistance zone. | An exit @198.12. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 17.42 points, which is 8.08%. | For a 1.00% total portfolio risk, you can invest 12.37% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NET Technicals: Chart, Performance Metrics, Trend & Indicators
211.69
+6.26 (+3.05%)
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 7 / 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.
Can you provide the RSI signal for CLOUDFLARE INC - CLASS A?
CLOUDFLARE INC - CLASS A (NET) has an RSI value of 55.1315. 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 neutral.
What are the support and resistance levels for CLOUDFLARE INC - CLASS A (NET) stock?
CLOUDFLARE INC - CLASS A (NET) has a support level at 198.76 and a resistance level at 215.43. Check the full technical report for our detailed analysis of NET support and resistance levels.