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 |
| HELD POSITION |
30 shares @ $177.38 avg |
-4.2% P/L |
| 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 |
Price Data
| Metric |
Value |
| Price |
$169.96 |
| RSI (14) |
33.9 (approaching oversold) |
| SMA20 |
$208.95 (-18.7%) |
| SMA50 |
$193.63 (-12.2%) |
| SMA200 |
$202.13 (-15.9%) |
| Trend |
Strong-down |
| Signal |
Death cross (confirmed) |
| 7D |
-7.8% |
| 30D |
-18.1% |
| 3M |
-8.8% |
| 1Y |
+60.0% |
| 3Y |
+187.7% |
| 5Y |
+139.8% |
| Alpha 1Y vs SPY |
+31.3% |
| From 52wk High |
-34.6% |
Key Changes vs 04/03
| Metric |
04/03 |
04/10 |
Change |
| Price |
$211.69 |
$169.96 |
-19.7% |
| RSI |
55.0 |
33.9 |
Crashed from healthy to oversold |
| Trend |
Up |
Strong-down |
DOWNGRADED |
| vs SMA200 |
+5.0% |
-15.9% |
Collapsed through SMA200 |
| Position P/L |
+19.3% |
-4.2% |
Gave back all gains and more |
| Verdict |
Worst position reversal ever. SaaS capitulation casualty. Stop at $151 (12.6% away). Should have trailed stop when +19%. |
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