FASTLY INC. CLASS A - Daily - Technical analysis published on 08/12/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bullish
Technical indicators
11%
44%
44%
My opinion
Bearish under 78.16 USD
My targets
62.02 USD (-17.26%)
50.18 USD (-33.06%)
My analysis
The strong short-term decline in FASTLY INC. CLASS A calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 78.16 USD, one could consider taking advantage of the short-term movement. The first bearish objective is located at 62.02 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 50.18 USD as an objective. Crossing it would then enable sellers to target 48.07 USD. Be careful, a return to above 78.16 USD could jeopardize the reversal.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
1.4
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This analysis was given by Mattkh. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The FASTLY INC. CLASS A rating is 74.96 USD. The price registered a decrease of -4.12% on the session and was traded between 72.55 USD and 77.81 USD over the period. The price is currently at +3.32% from its lowest and -3.66% from its highest.72.55
77.81
74.96
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this Daily chart of FASTLY INC. CLASS A indicates that the overall trend is slightly bullish. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently being given by short-term moving averages indicate that this slightly bullish trend could be reversed. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, only 8 technical indicators out of 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 21.45 | 39.31 | 48.07 | 74.96 | 78.16 | 102.72 | 116.18 |
| Change (%) | -71.38% | -47.56% | -35.87% | - | +4.27% | +37.03% | +54.99% |
| Change | -53.51 | -35.65 | -26.89 | - | +3.20 | +27.76 | +41.22 |
| Level | Major | Minor | Minor | - | Major | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 65.90 | 71.23 | 74.70 | 80.03 | 83.50 | 88.83 | 92.30 |
| Camarilla | 75.76 | 76.57 | 77.37 | 78.18 | 78.99 | 79.79 | 80.60 |
| Woodie | 64.98 | 70.77 | 73.78 | 79.57 | 82.58 | 88.37 | 91.38 |
| Fibonacci | 71.23 | 74.59 | 76.67 | 80.03 | 83.39 | 85.47 | 88.83 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.37 | 49.94 | 64.64 | 91.21 | 105.91 | 132.48 | 147.18 |
| Camarilla | 67.98 | 71.76 | 75.55 | 79.33 | 83.11 | 86.90 | 90.68 |
| Woodie | 17.43 | 46.97 | 58.70 | 88.24 | 99.97 | 129.51 | 141.24 |
| Fibonacci | 49.94 | 65.71 | 75.45 | 91.21 | 106.98 | 116.72 | 132.48 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 50.18 | 62.02 | 79.26 | 91.10 | 108.34 | 120.18 | 137.42 |
| Camarilla | 88.49 | 91.16 | 93.82 | 96.49 | 99.16 | 101.82 | 104.49 |
| Woodie | 52.87 | 63.37 | 81.95 | 92.45 | 111.03 | 121.53 | 140.11 |
| Fibonacci | 62.02 | 73.13 | 80.00 | 91.10 | 102.21 | 109.08 | 120.18 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 42.86 | |
| MACD (12,26,9): | 2.6500 | |
| Directional Movement: | -5.27 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 92.16 | |
| Parabolic SAR (0,02-0,02-0,2): | 116.16 | |
| Elder Ray (13): | -12.93 | |
| Super Trend (3,10): | 103.42 | |
| Zig ZAG (10): | 74.96 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 7.31 | |
| TEMA (21): | 88.08 | |
| Williams %R (14): | -94.67 | |
| Chande Momentum Oscillator (20): | -3.84 | |
| Repulse (5,40,3): | -11.4400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.9400 | |
| Courbe Coppock: | 20.50 |
| MA7: | 94.12 | |
| MA20: | 87.12 | |
| MA50: | 76.25 | |
| MA100: | 51.73 | |
| MAexp7: | 86.18 | |
| MAexp20: | 87.18 | |
| MAexp50: | 75.96 | |
| MAexp100: | 60.31 | |
| Price / MA7: | -20.36% | |
| Price / MA20: | -13.96% | |
| Price / MA50: | -1.69% | |
| Price / MA100: | +44.91% | |
| Price / MAexp7: | -13.02% | |
| Price / MAexp20: | -14.02% | |
| Price / MAexp50: | -1.32% | |
| Price / MAexp100: | +24.29% |
Quotes :
2020-08-11 19:59:59
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15 min delayed data
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NYSE Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
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