New all-time high, but the close does not confirm it
Cloudflare climbs 3.4% to a new all-time high on thinner volumes
Our view last week
Cloudflare takes a breather: after 3 weeks of gains it closes at 0.0%, just below the all-time high it reset 7 days ago. Under the surface the picture keeps improving: money flow rises to its highest reading in 4 weeks and the MACD histogram grows for a 3rd week. For Cloudflare stock the technical analysis stays bullish, with daily price action printing higher lows; among US tech stocks the trade is up 44% since entry, and earnings arrive on October 29.
This week's summary
Cloudflare gets moving again after last week's pause: up 3.4% with a new all-time high in the 370 area, though the weekly close fails to confirm it. Underneath, the picture keeps firming: RSI at 71, the MACD histogram growing for 4 weeks, money flow rising for 3. For Cloudflare stock the technical analysis stays bullish, with daily price action bouncing off the 20-day moving average; among tech stocks with weekly buy signals the trade is up 49% since entry, and earnings land on October 29.
IQS Phase
66
in tension
Signal Strength
70
high · wide & volatile
Sizing
FULL
Ranking
#32 / 92
US stocks in progress
Trade P&L %
+49.26%
from signal to date, no stop loss
Cloudflare (NET) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 32nd among the 92 Longs already running for US stocks in our ranking, with a signal strength of 70 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimein strong phase
Performanceweekly -0.52% · monthly +5.81%
NET belongs to the growth tech sector (reference ETF XLK). The sector is classified in strong phase according to our weekly reading.
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