CrowdStrike Rises 3.63% Nearing Record High Amid Bullish Technical Signals

CrowdStrike Holdings (CRWD) advanced 3.63% in the latest session, marking two consecutive days of gains that brought the total increase over the two-day period to 4.48%. The stock closed at $514.10, closely approaching its recent high of $517.98 observed during the session. This positive momentum occurs within a broader technical context characterized by robust upward trends but showing short-term volatility signals, as revealed through multi-indicator analysis.
Candlestick Theory
Recent candlestick patterns demonstrate notable volatility, with July 1st forming a high-volatility bearish candle (high: $516.62, low: $481.50) followed by two consecutive bullish candles. The July 3rd session established a new all-time high at $517.98 but closed near the session’s midpoint ($514.10), creating a pronounced upper wick that signals resistance near $518. Key support rests at the recent swing low of $481.50 (July 1), while secondary support appears at $490-$500, validated by price consolidation in late June.
Moving Average Theory
The stock maintains a bullish trend structure above all major moving averages, with the current price ($514.10) trading well above the 50-day (~$480), 100-day (~$440), and 200-day (~$385) levels. The sequence—50-DMA > 100-DMA > 200-DMA—confirms sustained upward momentum. Recent pullbacks to $481.50 respected the 50-DMA as dynamic support, reinforcing its role as a critical trend baseline during corrections.
MACD & KDJ Indicators
MACD exhibits a near-term bullish crossover as the signal line converges toward the MACD line following the July 3rd surge, suggesting reaccelerating upward momentum. However, KDJ shows overbought conditions with the %K line (current stochastic value ≈89) exceeding the 80 threshold, indicating elevated short-term exhaustion risk. Divergence is noted as price set a new high while KDJ’s peak remained below its late-June high, warranting caution against chasing extensions.
Bollinger Bands
Volatility expansion occurred sharply during the July 1st sell-off, with price touching the lower band near $481.50. The subsequent recovery pushed price toward the upper band ($520-525 estimate), with the July 3rd close nearing this resistance zone. Bandwidth remains elevated compared to mid-June, reflecting persistent volatility that supports both breakout and mean-reversion scenarios.
Volume-Price Relationship
Volume dynamics validate recent price movements: The July 1st decline occurred on the highest volume in 10 sessions (4.09M shares), confirming distribution pressure. However, the two-day rebound saw progressively increasing volume (July 2: 2.11M; July 3: 2.65M), supporting the sustainability of upside momentum. Volume divergence emerged as the new high on July 3rd was not accompanied by proportionally higher volume versus the prior peak, slightly undermining breakout conviction.
Relative Strength Index (RSI)
The 14-day RSI (≈64) remains neutral, avoiding overbought (>70) territory despite the rally. This contrasts with the overextended KDJ and suggests room for additional upside before exhaustion. The absence of bearish RSI divergence during the July 3rd new high provides cautious confidence, though RSI’s warning limitations warrant monitoring for reversals near historical resistance.
Fibonacci Retracement
Applying Fibonacci to the primary uptrend from the August 2024 low ($200.81) to the July 2025 high ($517.98) reveals critical levels: 23.6% ($443), 38.2% ($397), and 50% ($359). The recent pullback to $481.50 held firmly above the 23.6% retracement, confirming trend strength. Confluence exists near $500-$510, where the 23.6% level overlaps with psychological and prior resistance—a zone now acting as support.
Confluence and Divergence Observations
Strong confluence supports the bullish trend: Price stability above rising moving averages, volume-backed recoveries, and Fibonacci support at $443 align with structural strength. However, caution arises from divergences—KDJ’s overbought signal with price divergence, and the volume discrepancy at the new high—suggesting potential near-term consolidation. Moving averages and RSI neutrality offer counterbalance to these warnings. Overall, the technical posture remains bullish above $490, though volatility-driven pullbacks toward $500 may precede sustained breakouts.