CLOU Stock Summary and Trading Ideas (Global X Cloud Computing ETF | NASDAQ:CLOU)

The Global X Cloud Computing ETF (CLOU) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Indxx Global Cloud Computing Index. The Global X Cloud Computing ETF (CLOU) seeks to invest in companies positioned to benefit from the increased adoption of cloud computing technology, including companies whose principal business is in offering computing Software-as-a-Service (SaaS), Platform-as-a-Service (PaaS), Infrastructure-as-a-Service (IaaS), managed server storage space and data center real estate investment trusts, and/or cloud and edge computing infrastructure and hardware.

Global X Cloud Computing ETF trades on the NASDAQ stock market under the symbol CLOU.

As of April 18, 2024, CLOU stock price declined to $20.18 with 62,090 million shares trading.

CLOU has a beta of 1.55, meaning it tends to be more sensitive to market movements. CLOU has a correlation of 0.62 to the broad based SPY ETF.

CLOU has a market cap of $515.40 million. This is considered a Small Cap stock.

In the last 3 years, CLOU stock traded as high as $32.37 and as low as $14.34.

CLOU has underperformed the market in the last year with a price return of +13.9% while the SPY ETF gained +22.3%. CLOU has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -7.6% and -5.7%, respectively, while the SPY returned +6.1% and -3.8%, respectively.

CLOU support price is $19.96 and resistance is $20.46 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CLOU stock will trade within this expected range on the day.