Buy signal · confirmation week closes higher
Fastly adds 3.4% on 5 higher lows as the Buy signal clears its first test
Our view last week
Fastly's sell signal switches off and a fresh buy signal takes its place: the stock closes a third straight week higher, up 4.6%, and the weekly MACD crosses bullish. Price action on Fastly stock is still mixed, though: sellers were extremely dominant in the weekly bar and money flow has been negative for 2 weeks. Volatility is elevated and trading is not recommended: for swing trading, the confirmation week is worth waiting for.
This week's summary
5 higher lows on the daily chart between Sep 8 and Sep 28, from the 20 area to the 24 area, and a 4th straight weekly gain, +3.4%: Fastly stock clears its first test after last week's buy signal, and stays among the tech stocks with a fresh buy signal. The ADX has been rising for 4 weeks and the MACD holds above its Signal line. One soft spot: weekly money flow has been negative for 3 weeks. Volatility is elevated, and the next test is the 7-day high, in the 28.3 area.
IQS Phase
71
in tension
Signal Strength
87
high · wide & volatile
Sizing
FULL
Ranking
#18 / 93
US stocks in progress
Trade P&L %
+3.41%
from signal to date, no stop loss
Fastly (FSLY) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 18th among the 93 Longs already running for US stocks in our ranking, with a signal strength of 87 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimein strong phase
Performanceweekly +1.80% · monthly +8.83%
FSLY 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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