Cloudflare stock closes down 8.28% with daily RSI at 29.42
Photo: The Cryptonomist
Cloudflare stock retains a bearish daily bias, despite upbeat earnings coverage published after the session. The completed daily chart places NET below its major exponential averages and lower Bollinger band. However, oversold daily conditions and more constructive short-term readings complicate the bearish case. Key takeaways Cloudflare stock closed Thursday at $244.51 , down 8.28% , with volume of 8,463,400 shares. Daily RSI14 is 29.42 , in oversold territory, while the daily MACD histogram is negative at -7.4. The close sits below the daily lower Bollinger band at $247.13 and beneath the 200-session EMA at $264.63.
Source: The Cryptonomist
