$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
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.
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 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.
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 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
Fastly Breaking DownI do not own a position in FSLY. This is the first time I've looked at it and I know nothing about the company. I'm just treading the chart FWIW.
If I were LONG I would definitely be Selling and protecting my Capital while looking for a new re-entry Price Point lower down possibly at the 50% retracement Level. If I were Shorting, now would be a good time.
Previous Resistance Flipping to Support (S/R Flip)An S/R flip is taking place on the weekly chart with a bull flag in the making as well. The anchored VWAP from January '21 pivot is above around $32.25.
$FSLY may tell us how strong this market isAs $FSLY wanders around 15, there's a lot to question. Today, new rate hike expectations were priced in as the Fed continues to fight inflation. However, if equity bulls find a way we will likely see FSLY continue to outperform..$AI is another proxy to watch
Fastly turning around? Fastly
Short Term
We look to Buy at 13.46 (stop at 11.36)
Preferred trade is to buy on dips. Posted a Double Bottom formation. 20 1day EMA is at 12.42. There is scope for mild selling at the open but losses should be limited.
Our profit targets will be 19.97 and 27.19
Resistance: 20.00 / 44.00 / 50.00
Support: 13.50 / 10.00 / 5.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
FSLY - Showing strength in this moveHas claimed 11 EMA and VMA...holding well in the supply zone.
Once the 50 EMA is cleared, might go for gap fill @ 23
FSLY - DO OR DIE LEVEL
gap fill below at 20 and ATL 10.5 is absolutely on the cards, IF secular growth investors don't come to the rescue here
Fastly speeds through supportFastly - Short Term - We look to Sell at 33.50 (stop at 37.10)
Previous support, now becomes resistance at 34.00. There is no indication that the selloff is coming to an end. 20 1day EMA is at 36.50. The bias is still for lower levels and we look for any gains to be limited. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 33.50, resulting in improved risk/reward.
Our profit targets will be 23.40 and 20.10
Resistance: 34.00 / 44.00 / 50.00
Support: 30.00 / 25.00 / 20.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
$FSLY | WEEKLY WATCHLIST 12/20$FSLY 1D
Strong move on Friday. If lows hold, we can see continuation higher to my wave 3 target of around $50. A daily close over $41.75 will give me conviction for a swing.
$FSLY #FASTLY #METAVERSE waiting a RETEST in that area to start creating a position, remember is not a financial advice
$FSLY | EARNINGS LOTTOFastly has a bad track record on post-earnings reaction. Although chart looks fairly bullish, worth a small lotto play for downside.
$FSLY | WEEKLY WATCHLIST 11/1Another prime example of AMAZING chart setup, terrible timing. Fastly reports earnings on November 3rd, therefore I will be waiting until after to consider a position. Textbook wedge breakout, with the retest holding into a bull flag which is looking to confirm. If we can hold above $52, targets above include $55, $58 and $64.
$FSLY Should be on your list this week Fastly (weekly) so far has recaptured 21EMA and right at the volume shelf resistance coming off a triple bottom.
If it breaks higher, good volume pocket above ... Plus keep in mind only 116M shares outstanding so good squeeze potential for a mid cap.
Just look at the run back in June... not saying that will happen again, but with a good ER and the setup, I think this COULD see $68 quick and should be on your watchlist.
FSLY Parabolic breakdownFSY continues on its parabolic decline. This system which should take FSLY to its near term target of $37.00 is part of a larger parabolic decline that will unfold over the coming weeks. Opportunities to the long side will present themselves as the near term parabolic systems are completed.
FSLY - LONGInitiating a 1/5th position here for shares and long term 01/19/2024 $40C options
Weekly chart should be at or close to near term bottom for a major wave 3 towards upper white box.
