$FSLY Recovering to Previous SupportAlso longed NYSE:FSLY this morning. Recovering to previous support.
Weekly RSI hovering around oversold.
If we can get a weekly close above $7.50, this should run to $11-13 minimum.
TP1: $13.71
TP2: $33.64
FSLY trade ideas
Edge of Success!Fastly is gaining bullish momentum, with a gap forming around the $6.00 level. A breakout above the $8.00 resistance would signal further strength, positioning the stock to target the $13.66 weekly resistance. This setup offers an attractive risk-to-reward ratio, with a stop-loss at $5.66 to manage downside risk.
As a leader in edge computing and content delivery networks, Fastly is well-positioned to capitalize on the growing demand for low-latency and high-performance internet services. The company’s innovative platform for real-time data and application delivery is critical in the cloud era, making FSLY a strong contender in its space. As digital transformation accelerates across industries, Fastly’s growth potential strengthens the case for a bullish push.
This combination of technical momentum and strong fundamentals supports a favorable outlook for FSLY, with $13.66 as a realistic near-term target.
NYSE:FSLY
FSLY - JULY 24 MATrend Unsustainable Momentum- D1 larger trend is aligned to our bearish direction
- Gap is due to the 11 July Inflation report
- 15M, 20SMA exit
MATrend Unsustainable Momentum (Systematic) ⏪
The strategy identifies stocks (Tech sector ) that follows the larger market regime's momentum of the day and because they are unable to maintain it price breaks down quickly
Tight stops aligned to the price behaviour we are trying to capture. Which is a rapid break of the momentum.
FSLY Fastly close to 52 week low If you haven't sold FSLY despite the bearish Head and Shoulders chart pattern:
Then you need to know that Fastly, a leader in global edge cloud platforms, has recently unveiled its latest innovation: the Fastly AI Accelerator. This marks the company's first AI solution aimed at enhancing the developer experience by boosting performance and reducing costs for applications utilizing large language models (LLMs).
The Fastly AI Accelerator is designed to optimize API calls and minimize expenses through intelligent, semantic caching. Leveraging Fastly's robust Edge Cloud Platform and its industry-leading caching technology, the AI Accelerator employs a specialized API gateway to significantly enhance the performance of apps using popular LLMs, starting with ChatGPT and soon extending to other models.
Given this promising development, I'm considering purchasing the $7.5 strike price call options for FSLY, expiring on July 19, $0.31 premium, to capitalize on the potential growth and increased market confidence in the company's innovative edge cloud solutions.
CSP IdeaI just sold a ton of CSP exp 02/17 strike 17. There is a lot of support underneath. Even if I get assigned, I'd hold.
Fastly launches bot management service to enhance cybersecurityFastly Inc., a prominent cloud solutions provider, has unveiled a new service, Fastly Bot Management, designed to counter automated cyberattacks. These attacks, often conducted using botnets (networks of infected devices) and advanced artificial intelligence algorithms, pose serious threats such as DDoS attacks and account takeovers.
The newly launched Fastly Bot Management tool is a robust solution that swiftly detects and alerts relevant IT specialists. It is specifically focused on safeguarding the network periphery, which is considered the most vulnerable segment of IT infrastructure against automated attacks. Given the escalating frequency and sophistication of cybersecurity threats, Fastly anticipates solid sales for this innovative solution.
Exploring potential investment opportunities, here is the technical analysis for Fastly Inc. (NYSE: FSLY):
On the Daily (D1) timeframe, the stock has established a resistance level at 13.35 USD and a support level at 8.35 USD. The stock is currently in a pronounced downtrend, with the price movement confined within a channel between the noted resistance and support levels. If this downtrend persists, the stock price could drop to 7.20 USD.
Conversely, should there be a reversal, and the stock breaks through the resistance at 13.35 USD, a short-term target is 18.45 USD. If the upward trend gains momentum, the price may rise to 25.85 USD in the medium term.
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Fastly Shares Plummet 35% On Lowered 2024 Revenue GuidanceFastly ( NYSE:FSLY ) shares plummeted 35% on Thursday after the company lowered its 2024 revenue outlook due to pricing pressure for its top customers. The company reported first-quarter revenue and earnings slightly above consensus estimates, but shares plunged on management's outlook. Bank of America downgraded the stock to underperform from buy, questioning a rebound in 2024. Fastly competes in the content delivery network (CDN) market vs. Akamai Technologies (AKAM) and Cloudflare (NET). Fastly's network increases the speed of e-commerce transactions, business software downloads, and video streaming to mobile devices.
In the March quarter, Fastly ( NYSE:FSLY ) reported a 5-cent loss on revenue of $133.5 million, up 14%. Analysts had predicted a 6-cent loss on revenue of $133.1 million. Fastly ( NYSE:FSLY ) lowered its revenue outlook to $560 million (11% growth) at the midpoint of guidance from $585 million (16% growth). The pricing pressure came late in the quarter as renewals resulted in lower-than-anticipated pricing and volume increases.
Management saw a shift in the market since February, with material shifts in revenue and volume intentions at some of their largest accounts. Shares were down 27% in 2024 heading into the Fastly earnings report. Cloudflare earnings are due after the market closes on Thursday, and Akamai reports earnings on May 9.
Technical Outlook
Fastly ( NYSE:FSLY ) share is down 35% trading below the 200-day Moving Average (MA) with a Relative Strength Index (RSI) of 21.33 positioning the stock within the oversold region, hence traders ought to be cautious of a trend reversal.
$FSLY Broadening formationNot financial advice
NYSE:FSLY
trying to reach the lower side of the broadening formation on a weekly time frame. hopefully it can bounce back at the yellow line for a double bottom. but if fails to do so it will print a new price low.
Like and subscribe for more ideas.
Thanks.
FSLY Fastly Options Ahead of EarningsIf you haven`t sold FSLY on this head and shoulders chart pattern:
Then analyzing the options chain and the chart patterns of FSLY Fastly prior to the earnings report this week,
I would consider purchasing the 12.50usd strike price in the money Calls with
an expiration date of 2024-6-21,
for a premium of approximately $1.81.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
FSLYNot a recommendation. Downside risk, it might drop to test $14 T1 based on the overall market condition.
With IWM breaking out; Looking at FSLY for some run above!With IWM breaking out; Looking at FSLY for some run above!
$FSLY Was waiting for a green low volume inside candle trigger Backtest this set up on bullish stocks . plenty more pivots above. Lets see how it continues but look for this set up on the Daily timeframes .
I like this stockThis is one of my favorite stocks. It is very volatile, making explosive moves up and down. I made decent cash holding my position and writing covered calls. Now it's coming back strongly. Buy here, if it goes low buy more. The SL and TP shown here are for reference only; In fact, I would buy more if they drop instead of closing it. I have a large position in this instrument, I will not sell it until it reaches 30 (depending on price action). But keep in mind that it likes to make strong moves to both sides, at one point I was down more than 40%, was scary to see my account in the red on a big position, but it was worth the wait, the covered options paid off well and now is the time to sell the stock on the way up.
Fastly possible upside breakout imminent. Retesting 50 day MA closed above AVWAPs from previous high above an inclining 5 day moving average. Tight stops, good luck been waiting a while on this one..
Fastly (FSLY) Reports Q3 Earnings Not Bad For FastlyFastly (FSLY) reported $127.82 million in revenue for the quarter ended September 2023, representing a year-over-year increase of 17.8%. EPS of -$0.06 for the same period compares to -$0.14 a year ago.
Here is how Fastly performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
1. Total Customer Count: 3,102 versus 3,107 estimated by two analysts on average.
2. Revenue- Non-enterprise customers: $11.62 million compared to the $12.30 million average estimate based on two analysts.
3. Revenue- Enterprise customers: $116.19 million compared to the $114.62 million average estimate based on two analysts.
Technical Analysist
Price Momentum
FSLY is trading in the middle of its 52-week range and above its 200-day simple moving average.
What does this mean?
Investors are still evaluating the share price, but the stock still appears to have some upward momentum. This is a positive sign for the stock's future value.
Market cap: $2.12B
A market capitalization between $2 billion and $10 billion places FSLY in the mid-capitalization category.
FSLY, BUY, 22.81% PROFITBought NYSE:FSLY on 11/1/2023 at market close and closed the position on 11/2/2023 at market open. Net 22.81% profit.
FSLY - idea to swing this guyFSLY is in a rising trend with frequent steep pullbacks towards its rising 50 day MA.
It appears to manifest a certain swing pattern that is quite tradable
Potential to long:
1. when bullish divergence (between price and RSI) begins to appear
3. better if there is also backed by some other supports (eg 50%-61.8% fib retracement levels)
2. wait for 1st bullish candle to long
On alert to take profits when:
1. RSI is overbought and one or two small sideway candles begin to appear, or
2. bearish divergence began to form
Just an idea! Stop Loss is still necessary if this idea stops working
Disclaimer:
TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is NOT a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management (ie stop loss and position sizing) is (probably the most) important!
Take care and Good Luck!
Round bottom looking goodRound bottom formation since Feb. 2022. Great accumulation, it could take a few more weeks to break out but price is sitting on the support at this moment, picking up strength.
FSLY Fastly Options Ahead of EarningsIf you haven`t sold FSLY Head and Shoulders bearish Chart Pattern here:
Then analyzing the options chain and the chart patterns of FSLY Fastly prior to the earnings report this week,
I would consider purchasing the $17.50 strike price Calls with
an expiration date of2023-9-15,
for a premium of approximately $1.97.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
#FASTLY HUGE Upside potential #TECH Stock
zero idea what this company does
but the chart looks great on a Log scale
#Blowoff top all stars are aligning
Head Shoulders / Cup Patterns have a tendency of mirroring themselves over, I've seen it too many times .. 17.32 neckline support busted. Stop loss below support would be ideal set at your risk % comfort ..
