Interesting Technical Analysis finding for CROWDSTRIKE HOLDINGS INC - A (NASDAQ:CRWD)

A possible breakout setup was detected on CROWDSTRIKE HOLDINGS INC - A (NASDAQ:CRWD) by our stockscreener. A breakout pattern is formed when a stock consolidates after a strong rise up. We note that this pattern is detected purely based on technical analysis and whether the breakout actually materializes remains to be seen. It could be interesting to keep an eye on NASDAQ:CRWD.

Deciphering the Technical Picture of NASDAQ:CRWD

ChartMill assigns a proprietary Technical Rating to each stock. The score is computed daily by evaluating various technical indicators and properties. The score ranges from 0 to 10.

We assign a technical rating of 10 out of 10 to CRWD. Both in the recent history as in the last year, CRWD has proven to be a steady performer, scoring decent points in every aspect analyzed.

• Both the short term and long term trends are positive. This is a very positive sign.
• When comparing the yearly performance of all stocks, we notice that CRWD is one of the better performing stocks in the market, outperforming 95% of all stocks. On top of that, CRWD also shows a nice and consistent pattern of rising prices.
• CRWD is one of the better performing stocks in the Software industry, it outperforms 87% of 278 stocks in the same industry.
• CRWD is currently trading near its 52 week high. This is a good sign, certainly because the S&P500 Index is not trading near new highs.
• In the last month CRWD has a been trading in the 163.00 - 191.99 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.

Why is NASDAQ:CRWD a setup?

Alongside the Technical Rating, ChartMill assigns a Setup Rating to evaluate the consolidation level of a stock. This rating, ranging from 0 to 10, is updated daily and considers various short-term technical indicators. The current setup rating for NASDAQ:CRWD is 8:

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 a resistance zone just above the current price starting at 183.82. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 177.30, a Stop Loss order could be placed below this zone.

How to trade NASDAQ:CRWD?

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.

Please note that this article should not be construed as trading advice. The information provided is solely based on automated technical analysis and serves to highlight technical observations. It is important to conduct your own analysis and make trading decisions based on your own judgment and responsibility.

Our Breakout screener lists more breakout setups and is updated daily.

Keep in mind

This article should in no way be interpreted as advice in any way. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.