By InvestMacro.com | #stocks #NET
Cloudflare, Inc. End of Day Update: October 12 2022
The Cloudflare, Inc. (NET) stock finished the day with a gain of 3.37 percent and closed the day around the 51.46 price level, according to unofficial data at the New York close.
Cloudflare, a technology company focused on web security and performance, opened the trading day at 49.78 price level with the high of the day touching 51.56 while the low of the day bottomed at 48.11.
The Cloudflare stock had fallen for three straight days before today’s gain that bounced off the major support level of $50.
The NET Trend is Down, RSI level is Bearish
The stock is currently trending sharply lower over the past 200 trading days, according to the linear regression line (red) seen on the chart below. The share price has dropped sharply from near $140 in December 2021 to trading slightly above the $50 share price today.
The Relative Strength Index, an indicator that can identify overbought (above 70) and oversold levels (below 30), shows that the current RSI is at a 38.0 score. This is a Bearish reading on the daily time-frame and the RSI line is also pointing lower.
Free Reports:
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
Download Our Metatrader 4 Indicators – Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter
NET Price Returns (Closing Price Changes)
The NET is lower by -10.50 percent over the past 10 days while seeing a decline of -19.32 over the past 30 days. The 90-day change is -5.65 while the 180-day return and the 365-day return are -39.30 and -38.78, respectively.
By InvestMacro.com – – Get our stock market newsletter for stock rankings, news & updates
- EUR/USD: The Advantage Remains with the Dollar Jun 29, 2026
- Escalation of the US–Iran conflict is once again supporting the rise in oil prices Jun 29, 2026
- Oil prices fall back to pre‑war levels. Silver drops to a 7‑month low Jun 25, 2026
- Gold Falls to an Eight-Month Low: This May Not Be the Bottom Jun 25, 2026
- Stock indices came under heavy selling pressure amid growing skepticism about AI investments Jun 24, 2026
- The Pound Is Pressured Not by Politics, but by a Strong US Dollar Jun 24, 2026
- Global crude oil prices continued to decline. The AUD/USD exchange rate hit an 11‑week low Jun 23, 2026
- EUR/USD Remains Under Sellers’ Control as the Dollar Stays Strong Jun 23, 2026
- Gold Falls for the Third Consecutive Week: Is There Still Upside Potential? Jun 22, 2026
- Bank Indonesia raised its interest rate. Norges Bank and the SNB left rates unchanged Jun 19, 2026
