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- 1 CRWD stock price is up by 1.68% in the last trading session and is currently trading at $146.80.
- 2 Crowdstrike Holdings’ stock price (NYSE: CRWD) experienced a pre-earnings effect and declined nearly 13% in the past 2-weeks to its nearest support level.
CRWD stock price turned out to be a multi-bagger stock for investors in the year 2023 as the stock showed a declining trend in the past year. But the stock shifted its trend from the very start of the year 2023 and surged forming higher highs and higher lows. The stock is following trendline support on the daily chart and added more than 60% returns to the portfolio of their investors in the year 2023.
The quarterly results of the stock are awaiting which has started showing its effect on the price trend as the stock is becoming volatile due to the result days are nearing and declined 12% in the past 2 weeks from the swing high.
The analysts are hoping for a positive quarter with an estimated revenue of $724.145 Million and earnings of over $0.558 Million. The results will be disclosed on the 30th of August 2023, post which the stock may decide its next movement.
Crowdstrike Holdings (NYSE: CRWD) is a cybersecurity company that prevents breaches with cloud-based solutions. It protects endpoints, cloud workloads, identity and data, and threat intelligence. It also offers managed security services, IT operations management, threat hunting, Zero Trust identity protection, and log management.
CRWD stock option-chain analysis states that the current implied volatility in the market is 57.8% with an increment of 1.1% in the last trading session. The at-the-money strike price has 2,171 open contracts on the put side and 1,845 open contracts on the call side indicating the dominance of buyers at the current level. The PUT/CALL ratio is 1.18 indicating that Buyers dominating at the moment as per the data.
CRWD Stock Price May Reverse The Trend After The Breakdown Of The Trendline
The CRWD stock price currently trades at $146.80 and seeking buyer volume to enter the market at the current level.
The short-term outlook for the stock is neutral to bullish, currently taking a pullback as the price has declined in the past 2 weeks to trade near the trendline support. However, the gain of 1.68% on the last day showed the buyer’s presence at the lower levels.
Now, the Analysts expect the stock piece to sustain at the current level to make another trending move in the coming sessions.
Also, if the stock fails to sustain above the immediate support and breaks down then the stock may turn the short-term pullback into a reversal and the stock may decline sharply as the investors may look for profit-booking opportunities.
The long-term trend is in a strong uptrend at the moment. The stock may show some dip in the short term to resume its trend in the long term.
The EMAs Showing A Golden Crossover On the Daily Chart
The daily CRWD stock price chart shows that the price is trading above 200 EMA indicating a strong uptrend in the long term. However, the stock failed to sustain above the 50 EMA indicating sellers dominating in the short term. The overall Technical Opinion rating including RSI and MACD is signaling a 64% buy with the weakest short-term outlook on maintaining the current direction.
Conclusion
CRWD stock price prediction concludes that the stock price has turned out to be a multi-bagger stock for the investors in 2023 gaining more than 60% returns. The quarterly results are due on August 30, 2023, and may affect the price volatility. Analysts expect a positive quarter with revenue of $724.145 Million and earnings of over $0.558 Million. The short-term outlook is neutral to bullish, but the stock may decline if it breaks the support. The long-term trend is strong.
Technical Levels
- Support levels: $139.3 and $127.83.
- Resistance levels: $162.06 and $171.87.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Saurav Bhattacharjee is in charge of the Broadcast development team of The Coin Republic.
He has been covering the Metaverse and NFT niche for the past 2 years.
With stellar interviews on his portfolio like Nicehash, Paxful, WallstreetWolvesNFT, Bitholla, Totemfi, EOS.io etc. Saurav has spearheaded the NFT SUPERSTARS AWARD and successfully hosted the first award in 2021.
