Jfrog Ltd

In Stage 3 distribution, early-July Bullish Exhaustion and subsequent lower highs/lower lows indicate a shift to bearish medium-term bias. Price recently bounced into declining 9/21 EMAs and was met with rejection, making short-term timing favorable for selling into resistance. Execution should occur now around the falling EMA zone in line with distribution dynamics.

• ↑Q1 2026 revenue $154 M (+26% YoY); cloud revenue $78.9 M (+50%).
• ↑Cloud now represents 51% of sales as annual commitments expand.
• ↓Company remains unprofitable with negative earnings yield and poor profitability factors.