Editorial Note: NET at $169.96 RSI 34 just experienced the worst single-week reversal in portfolio history — from $211.69 (+19.3% on position) to $169.96 (-4.2% on position). A -19.7% decline in one week. The death cross is confirmed and widening. -18.7% below SMA20, -15.9% vs SMA200. This isn't a NET-specific problem — it's the SaaS capitulation event, where 10+ quality names hit RSI < 30 simultaneously. But NET's move is especially painful because the position was in the money and the stop wasn't tightened. At $170 RSI 34, NET is approaching the $151 stop-loss. The fundamental thesis (edge compute, Workers AI, R2 storage) hasn't changed — but the market doesn't care about fundamentals during sector capitulation.
Quick Snapshot
| Indicator |
Value |
Signal |
| RSI (14) |
33.9 |
Approaching oversold |
| Trend |
Strong-down |
Bearish |
| Death cross |
Yes |
Confirmed |
| SMA20 vs Price |
-18.7% below |
Deeply below |
| SMA200 vs Price |
-15.9% below |
Structural damage |
| 1Y return |
+60.0% |
Still positive but deteriorating |
| Distance to $151 stop |
12.6% |
Watch closely |
Action Matrix
| Scenario |
Level |
Notes |
| Entry zone |
$160–$170 |
Current range; in SaaS capitulation zone |
| Stop-loss |
$151 |
-11% from current; existing stop |
| Target (base) |
$202 |
SMA200 area |
| Target (bull) |
$260 |
Prior 52wk high |