CrowdStrike Stock Forecast
CrowdStrike stock downgraded from Strong Buy Candidate to Buy Candidate after Tuesday trading session.
(Updated on Jul 02, 2024)
The CrowdStrike stock price fell by -1.81% on the last day (Tuesday, 2nd Jul 2024) from $392.15 to $385.05. During the last trading day the stock fluctuated 1.49% from a day low at $381.47 to a day high of $387.15. The price has fallen in 7 of the last 10 days and is down by -1.38% for this period. Volume has increased on the last day by 443 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 3 million shares were bought and sold for approximately $1.23 billion.
The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $393.73 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 33.17% during the next 3 months and, with a 90% probability hold a price between $446.96 and $524.33 at the end of this 3-month period.
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CRWD Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, July 01, 2024, and so far it has fallen -1.81%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The CrowdStrike stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $384.68 and $358.18. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for CrowdStrike stock
CrowdStrike finds support from accumulated volume at $380.63 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $5.68 between high and low, or 1.49%. For the last week, the stock has had daily average volatility of 2.68%.
Our recommended stop-loss: $373.36 (-3.04%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 19 days ago.)
Trading Expectations (CRWD) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect CrowdStrike Holdings, Inc. to open at $384.56, and during the day (based on 14 day Average True Range), to move between $372.36 and $397.74, which gives a possible trading interval of +/-$12.69 (+/-3.30%) up or down from last closing price. If CrowdStrike Holdings, Inc. takes out the full calculated possible swing range there will be an estimated 6.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $387.37 (0.60%) than the support at $380.63 (1.15%), 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?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for CrowdStrike stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 2.216 Buy Candidate Downgraded
Predicted Opening Price for CrowdStrike Holdings, Inc. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $384.56 ( 0.128%) | $385.05 |
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 | |
|---|---|---|
| R3 | 390.24 | 1.35% |
| R2 | 388.07 | 0.784% |
| R1 | 386.73 | 0.436% |
| Price | 385.05 | |
| S1 | 382.39 | -0.692% |
| S2 | 381.05 | -1.04% |
| S3 | 378.87 | -1.60% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 390.43 | 1.40% |
| R2 | 389.51 | 1.16% |
| R1 | 387.37 | 0.603% |
| Price | 385.05 | |
| S1 | 380.63 | -1.15% |
| S2 | 374.57 | -2.72% |
| S3 | 342.18 | -11.13% |
FAQ
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