Fastly price action is currently sitting on support at 78.
It is also nicely sitting on a 20-day moving average support.
Short term trend so far is still intact. Midterm and long term trend is still bullish. Fastly is on healthy correction.
Interesting to note is a major support at 76.44. The probability of going down its support may be low as selling pressure has been reduced as can be shown in its decreasing volume.
A break out of its resistance at 81.63 and 87.77 are good signs to continue its uptrend. The catalyst of this breakout could be good earnings EPS revisions in Aug 2020 as it projected to have 41.27% EPS revision 12/20 FY and 50.91% 12/2020 FY.
Fundamentally, $FSLY quick ratio is 4 which is better than 91.42% of the industry, 85% better than S&P Companies and 87% better than US markets. Its Current ratio is 6 which is better than 94.89% of the industry.
Forward PE is surprisingly better than 93.39%of the industry; 99% better than SP500 and US markets.
It is also nicely sitting on a 20-day moving average support.
Short term trend so far is still intact. Midterm and long term trend is still bullish. Fastly is on healthy correction.
Interesting to note is a major support at 76.44. The probability of going down its support may be low as selling pressure has been reduced as can be shown in its decreasing volume.
A break out of its resistance at 81.63 and 87.77 are good signs to continue its uptrend. The catalyst of this breakout could be good earnings EPS revisions in Aug 2020 as it projected to have 41.27% EPS revision 12/20 FY and 50.91% 12/2020 FY.
Fundamentally, $FSLY quick ratio is 4 which is better than 91.42% of the industry, 85% better than S&P Companies and 87% better than US markets. Its Current ratio is 6 which is better than 94.89% of the industry.
Forward PE is surprisingly better than 93.39%of the industry; 99% better than SP500 and US markets.