📊 What are the technical indicators suggesting for CoreWeave's short-term price movement?
8/3/2025 07:17pm
The technical indicators suggest a bearish outlook for CoreWeave's short-term price movement:
1. **Price Trend**: CoreWeave's closing price on August 1, 2025, was $104.14, with a trading volume of 13.06 million shares. This indicates significant selling pressure, which could be a bearish signal for the short term.
|code|Ticker|Name|Date|Closing Price|Trading Volume|market_code|
|---|---|---|---|---|---|---|
|CRWV|CRWV.O|CoreWeave|20250801|104.14|1.3055033E7|185|
2. **Resistance and Support Levels**: The resistance level is at $119.59, while the support level is at $100.8. The stock is trading closer to the support level, which could be a point of interest if the price were to break below this level, suggesting further downward movement.
|code|Ticker|Name|Date|Support Level|Resistance Level|market_code|
|---|---|---|---|---|---|---|
|CRWV|CRWV.O|CoreWeave|20250801|100.8000|119.5900|185|
3. **MACD and RSI**: The MACD (Moving Average Convergence Divergence) is -6.26, and the RSI (Relative Strength Index) is 32.04. These indicators suggest that the stock is neither overbought nor oversold, but the negative MACD value could be interpreted as a bearish signal.
|code|Ticker|Name|Date|Boll|RSI|KDJ|MACD|market_code|
|---|---|---|---|---|---|---|---|---|
|CRWV|CRWV.O|CoreWeave|20250801|127.8048|32.0375|20.1901|-6.2622|185|
4. **Moving Averages**: The 5-day moving average is $108.04, the 10-day is $115.65, and the 20-day is $127.8. The stock price is below these short-term moving averages, which is a bearish signal, indicating a potential for further price declines.
5. **Bollinger Bands**: The Bollinger Band value is $127.8. The stock price is trading near the lower band, which could suggest that the price is due for a bounce. However, the bearish indicators elsewhere suggest that this may not happen in the short term.
In conclusion, the technical indicators point to a bearish short-term outlook for CoreWeave. The stock is trading below its short-term moving averages, and the negative MACD value suggests downward momentum. While the Bollinger Bands suggest a potential for a bounce, the overall bearish sentiment from the other indicators suggests that any rebound is not likely in the near term.