The good entry price for CrowdStrike Holdings (CRWD) based on technical analysis would be around $295.34, which is the support level as of October 28, 20241. This level has been shown to provide support in the recent past, and buying above it could offer a better risk-reward ratio than entering at a higher price.
- Support Level as a Guide: The support level at $295.34 is a key indicator to watch. Historically, prices have shown resilience at this level, suggesting it could be a strong point of interest for investors looking to enter a position.
- Current Technical Indicators:
- The 5-Day, 10-Day, and 20-Day moving averages are $302.76, $305.24, and $300.39, respectively2. These are slightly above the support level, indicating a short-term uptrend.
- The 30-Day, 50-Day, and 60-Day moving averages are $294.56, $281.84, and $275.41, respectively3. These are below the support level, suggesting a longer-term trend is more neutral.
- The 120-Day, 200-Day, and 250-Day moving averages are $307.5, $308.66, and $293.06, respectively4. These are above the support level, indicating a longer-term uptrend.
- Additional Technical Insights: The Relative Strength Index (RSI) is at 43.735, which is neither overbought nor oversold and suggests the stock is neither in an extreme buying nor selling condition. The Moving Average Convergence Divergence (MACD) is negative at -3.385, indicating potential bearish momentum, but it's important to consider this in the context of the overall trend and other indicators. The KDJ indicator is at 8.085, which is quite low and suggests the stock may be under selling pressure in the short term.
- Market Sentiment and Moving Averages: The current prices are above the 20-Day and 30-Day moving averages but below the 50-Day and 60-Day moving averages, which is a neutral to slightly positive signal for short-term investors. However, the longer-term 120-Day, 200-Day, and 250-Day moving averages are above the support level, indicating a bullish trend over the longer term.
- Conclusion: Given the support level at $295.34 and the overall trend indicators, this price could be a good entry point for investors looking to buy CrowdStrike Holdings. However, it's important to consider other factors such as market conditions, company fundamentals, and news that could impact the stock's price. It's also advisable to set stop-loss orders to protect against potential downside risk.
10/28/2024 07:14pm
