A technical analysis of CROWDSTRIKE HOLDINGS INC - A.

Our stock screener has flagged CROWDSTRIKE HOLDINGS INC - A (NASDAQ:CRWD) as a potential breakout candidate. This occurs when the stock shows signs of consolidation after a notable upward trend. While we can't predict the actual breakout, it's worth monitoring NASDAQ:CRWD for potential movement.

What is the technical picture of NASDAQ:CRWD telling us.

ChartMill assigns a Technical Rating to every stock. This score, ranging from 0 to 10, is updated daily and is determined by evaluating multiple technical indicators and properties.

We assign a technical rating of 8 out of 10 to CRWD. Although CRWD is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

• The long and short term trends are both positive. This is looking good!
• CRWD is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so CRWD is performing more or less in line with the market.
• When comparing the performance of all stocks over the past year, CRWD turns out to be only a medium performer in the overall market: it outperformed 69% of all stocks.
• CRWD is part of the Software industry. There are 283 other stocks in this industry, CRWD did better than 65% of them.
• In the last month CRWD has a been trading in the 153.58 - 172.64 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Check the latest full technical report of CRWD for a complete technical analysis.

Looking at the Setup

Besides the Technical Rating, ChartMill also assign a Setup Rating to every stock. This setup score also ranges from 0 to 10 and determines to which extend the stock is consolidating. This is achieved by evaluating multiple short term technical indicators. NASDAQ:CRWD currently has a 9 as setup rating:

CRWD has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 164.42, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CRWD in the last couple of days, which is a good sign.

Trading setups like NASDAQ:CRWD

A breakout opportunity may arise when the stock surpasses the current consolidation zone and reaches new highs. Traders often wait for this breakout before considering buying the stock. To manage risk, a stop loss order could be placed below the consolidation zone to limit potential losses.

Disclaimer: This article is not intended to provide trading advice. It is crucial to conduct your own analysis and consider your own observations and trading style when making investment decisions. The article solely presents technical observations and should not be relied upon as a sole basis for trading.

More breakout setups can be found in our Breakout screener.

Keep in mind

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.