(NET) Long Term Investment Analysis

July 23, 2024, 10:16 am ET, BY Rick W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for NET

• Buy NET slightly over 75.58 target 89.28 stop loss @ 75.36 Details

The technical summary data tells us to buy NET near 75.58 with an upside target of 89.28. This data also tells us to set a stop loss @ 75.36 to protect against excessive loss in case the stock begins to move against the trade. 75.58 is the first level of support below 81.16 , and by rule, any test of support is a buy signal. In this case, support 75.58 would be being tested, so a buy signal would exist.

• Short NET slightly under 89.28, target 75.58, stop loss @ 89.54 Details

The technical summary data is suggesting a short of NET as it gets near 89.28 with a downside target of 75.58. We should have a stop loss in place at 89.54though. 89.28 is the first level of resistance above 81.16, and by rule, any test of resistance is a short signal. In this case, if resistance 89.28 is being tested, so a short signal would exist.

Swing Trading Plans for NET

• Buy NET slightly over 89.28, target 104.53, Stop Loss @ 89.02 Details

If 89.28 begins to break higher, the technical summary data tells us to buy NET just slightly over 89.28, with an upside target of 104.53. The data also tells us to set a stop loss @ 89.02 in case the stock turns against the trade. 89.28 is the first level of resistance above 81.16, and by rule, any break above resistance is a buy signal. In this case, 89.28, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short NET slightly near 89.28, target 80.2, Stop Loss @ 89.54. Details

The technical summary data is suggesting a short of NET if it tests 89.28 with a downside target of 80.2. We should have a stop loss in place at 89.54 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 89.28, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for NET

• Buy NET slightly over 89.28, target 104.53, Stop Loss @ 89.07 Details

If 89.28 begins to break higher, the technical summary data tells us to buy NET just slightly over 89.28, with an upside target of 104.53. The data also tells us to set a stop loss @ 89.07 in case the stock turns against the trade. 89.28 is the first level of resistance above 81.16, and by rule, any break above resistance is a buy signal. In this case, 89.28, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short NET slightly near 89.28, target 80.2, Stop Loss @ 89.49. Details

The technical summary data is suggesting a short of NET if it tests 89.28 with a downside target of 80.2. We should have a stop loss in place at 89.49 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 89.28, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Cloudflare Inc. Class A (NET) available here: NET.

NET Ratings for July 23:

Term →	Near	Mid	Long
Rating	Weak	Weak	Strong
P1	0	0	75.58
P2	76.2	76.82	89.28
P3	78.48	80.2	104.53

AI Generated Signals for NET

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Technically, Cloudflare Inc. Class A (NYSE: NET) provides opportunities for traders who are watching the price of the stock oscillate over time.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for NET change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if NET is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for NET too.  All of these are offered below the Summary Table.