CROWDSTRIKE HOLDINGS INC - A (NASDAQ:CRWD) Technical Analysis observations.

Our stockscreener has identified a possible breakout setup on CROWDSTRIKE HOLDINGS INC - A (NASDAQ:CRWD). This occurs when the stock consolidates following a significant upward movement. While the breakout outcome cannot be guaranteed, it may be worth monitoring NASDAQ:CRWD for potential opportunities.

Analyzing the Technical Aspects

ChartMill utilizes a proprietary algorithm to assign a Technical Rating to every stock. This rating, ranging from 0 to 10, is computed daily by analyzing a variety of technical indicators and properties.

Overall CRWD gets a technical rating of 8 out of 10. 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.
• In the last month CRWD has a been trading in the 157.59 - 172.64 range, which is quite wide. It is currently trading near the high of this range.
• Looking at the yearly performance, CRWD did better than 74% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
• CRWD is part of the Software industry. There are 284 other stocks in this industry, CRWD did better than 67% of them.

Our latest full technical report of CRWD contains the most current technical analsysis.

How does the Setup look for NASDAQ:CRWD

ChartMill incorporates a Setup Rating in its analysis, which measures the extent of consolidation in a stock over recent days and weeks. This rating, ranging from 0 to 10, is updated daily and takes into account multiple short-term technical indicators. The current setup rating for NASDAQ:CRWD is 9:

Besides having an excellent technical rating, CRWD 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 166.33, 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.

How can NASDAQ:CRWD be traded?

A breakout could materialize when the stock breaks out to new highs above the current consolidation zone. One could wait for this to happen and buy when this happens. A stop loss could be placed below the consolidation zone.

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 technical observations generated by automated analysis but does not guarantee any trading outcomes. Always trade responsibly and make independent judgments.

Every day, new breakout setups can be found on ChartMill in our Breakout screener.

Disclaimer

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.