CrowdStrike Stock Forecast
Green day on Wednesday for CrowdStrike
(Updated on May 01, 2024)
The CrowdStrike stock price gained 0.99% on the last trading day (Wednesday, 1st May 2024), rising from $292.54 to $295.44. During the last trading day the stock fluctuated 4.80% from a day low at $288.55 to a day high of $302.40. The price has risen in 6 of the last 10 days and is up by 0.6% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 160 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $611.42 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -6.30% during the next 3 months and, with a 90% probability hold a price between $257.76 and $300.02 at the end of this 3-month period.
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CRWD Signals & Forecast
There are mixed signals in the stock today. The CrowdStrike stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $298.77 and $311.35. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 4.53%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for CrowdStrike stock
CrowdStrike finds support from accumulated volume at $292.36 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $13.85 between high and low, or 4.80%. For the last week, the stock has had daily average volatility of 3.80%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CRWD) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect CrowdStrike Holdings, Inc. to open at $295.46, and during the day (based on 14 day Average True Range), to move between $284.25 and $306.63, which gives a possible trading interval of +/-$11.19 (+/-3.79%) up or down from last closing price. If CrowdStrike Holdings, Inc. takes out the full calculated possible swing range there will be an estimated 7.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $297.56 (0.72%) than the support at $292.36 (1.04%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is CrowdStrike Holdings, Inc. stock A Buy?
CrowdStrike holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.113 Sell Candidate Unchanged
Predicted Opening Price for CrowdStrike Holdings, Inc. of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $295.46 ( 0.0079%) | $295.44 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CRWD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 309.31 | 4.70 % | |
| R2 | 304.02 | 2.91 % | ||
| R1 | 300.75 | 1.80 % | ||
| Current price: | 295.44 | |||
| Support | S1 | 290.17 | -1.78 % | |
| S2 | 286.90 | -2.89 % | ||
| S3 | 281.61 | -4.68 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 329.68 | 11.59 % | |
| R2 | 329.57 | 11.55 % | ||
| R1 | 297.56 | 0.718 % | ||
| Current price | 295.44 | |||
| Support | S1 | 292.36 | -1.04% | |
| S2 | 289.15 | -2.13% | ||
| S3 | 282.64 | -4.33% |
FAQ
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