CrowdStrike Stock Slides Below Key Levels As Q4 Earnings Loom
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Zinger Key Points
  • CrowdStrike stock is trading below key short-term moving averages, reinforcing bearish momentum ahead of Q4 earnings.
  • Analysts maintain a bullish outlook, with a $440 average price target implying an 18.34% upside for CRWD stock.

CrowdStrike Holdings Inc CRWD will be reporting its fourth-quarter earnings on Tuesday. Wall Street expects 85 cents in EPS and $1.03 billion in revenues as the company reports after market hours.

The stock is up 19.90% over the past year, 8.32% YTD.

Let’s look at what the charts indicate for CrowdStrike stock and how the stock currently maps against Wall Street estimates.

Read Also: CrowdStrike Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

CrowdStrike Stock Strongly Bearish Ahead Of Q4 Earnings

Chart created using Benzinga Pro

CrowdStrike stock, at $374.57, is facing strong bearish momentum, trading below key short-term moving averages. The stock remains under its five-day, 20-day and 50-day exponential moving averages, reinforcing selling pressure and increasing the risk of further downside. Additionally, CrowdStrike stock's eight-day simple moving average of $387.49 and 20-day simple moving average of $415.45 both indicate a bearish trend, suggesting resistance at these levels.

However, longer-term indicators provide a mixed picture. While CrowdStrike stock remains below its 50-day simple moving average of $385.83, its 200-day simple moving average of $333.31 suggests underlying bullish support.

The Moving Average Convergence Divergence (MACD) indicator at a negative 2.58 signals lingering bearish momentum. The Relative Strength Index (RSI) at 39.90, and declining, indicates that the stock is approaching oversold territory but is not yet at extreme levels.

Investors should watch for a break above short-term resistance or a further RSI dip below 30, which could indicate a reversal opportunity.

CrowdStrike Analysts See 18% Upside

Ratings & Consensus Estimates: The consensus analyst rating on CrowdStrike stock stands at a Buy currently with a price target of $392.87. The latest analyst ratings from Canaccord Genuity, JP Morgan and Rosenblatt imply an 18.34% upside for CrowdStrike stock, with a $440 average price target.

CRWD Price Action: CrowdStrike stock was trading at $375 at the time of publication.

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