Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.
Crowdstrike Holdings Inc. (CRWD stock) price chart shows that the buyers beat the mighty bears decisively, showing strong buying momentum. Moreover, the CRWD stock price was above the significant moving averages, staying on the top, close to the swing high of $170. Furthermore, the chart shows the bullish flag pattern and suggests the bullishness continues, which might extend to $200 in the upcoming sessions. However, buyers must stretch the gains sharply above $170 to trap the bears, resulting in a short covering rally to $200. Furthermore, CRWD stock persists in forming higher highs and shows bull dominance amid weak market sentiments.
CRWD share price is in a bull trajectory. Moreover, the chart suggests that CRWD stock will continue to stretch the gains and signal bullishness. Furthermore, the CRWD share price might reach $200 by the end of this month, as per the technicals. Moreover, the options chain shows that, at the strike price of $165, the bulls and bears were indecisive, with an open interest of 885 hundred shares on the call side, whereas on the put side, open interest of 780 hundred shares was there signals the interest to attain the dominance.
At press time, CRWD stock price was $164.13 with an intraday gain of 0.03%, showing neutrality on the charts. Moreover, the trading volume increased by 0.67% to 2.67 Million. The market cap was $39.161 Billion. However, analysts maintained a buy rating with a yearly target price of $193.88, which suggests a strong growth outlook for the upcoming sessions.
CrowdStrike Holdings, Inc. provides cybersecurity products and services to stop breaches. It offers cloud-delivered protection across endpoints, cloud workloads, identity and data, threat intelligence, managed security services, IT operations management, threat hunting, Zero Trust identity protection, and log management. CrowdStrike serves customers worldwide.
Will CRWD Stock Reach $200 this Month?
On the daily charts, CRWD stock shows buying momentum, stretching the rally for the past sessions. Moreover, the price action is favoring the bulls and signals bullish dominance. Furthermore, the chart showcased the higher high sequences, highlighting the uptrend. However, the CRWD stock has retested the 20-day EMA but did not lose the gains and pulled back in the last trading session.
The RSI curve stayed near neutrality and showed bullish divergence, suggesting a significant upside toward $200 in the coming sessions.The MACD shows a bearish crossover and formed red bars on the histogram. However, the trend is strong, and a bounce above $170 is anticipated.
Summary
Crowdstrike Holdings Inc. (CRWD stock) price is in an uptrend and has gained traction over the past sessions. The buyers are clearly aiming for the $200 mark. However, the sellers looked trapped and stayed cautious because of the aggressive buying.
Technical Levels
Support Levels: $160 and $150
Resistance Levels: $170 and $180
Disclaimer
The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.
Source: https://www.thecoinrepublic.com/2023/10/05/crwd-stock-nasdaq-crwd-stays-on-top-will-crwd-reach-200/