While the Software industry has seen its earnings increase by 20.1% each year on average, CrowdStrike Holdings’s earnings have been dropping by -8% yearly on average. Simplywall, a financial website that offers analysis and insights, reports this. CrowdStrike Holdings’s revenues have been increasing by 45.9% on average per year.
The debt-to-equity ratio of CrowdStrike Holdings is 45.4%, with a total shareholder equity of $1.6 Billion and a total debt of $741.4 Million. Simplywall, a financial website that offers analysis and insights, shows that the company has total assets of $5.1 Billion and total liabilities of $3.5 Billion.
The market capitalization of CRWD stock is $35.505 Billion and the total revenue is $2.24 Billion. Moreover, the stock’s basic EPS is $−0.65 and the price-to-earnings ratio is -234.8. Moreover, the average volume is 3.298 million and the current volume is 2.748 million, the current volume is below average volume.
Moreover, the stock has done well this month, increasing by 4.40% but it has surged by 47.21% in the last six months. Crowdstrike Holdings Inc(NASDAQ: CRWD) stock has a positive year-to-date return of 39.29% and a negative 1-year return of 21.19%.
Technical Analysis of Crowdstrike Price in 1-D Time Frame
The price action shows that Crowdstrike Holdings Inc’s ( NASDAQ: CRWD) stock price began 2023 with an uptrend, making higher highs and higher lows and rising rapidly.
However, in the last few days, the CRWD price has broken the higher-high pattern and has been trading at $149.74 at the time of writing.
Therefore, it is possible that the CRWD price may decline and a downtrend may resume if the CRWD price fails to sustain the current market price level. In that case, the CRWD price would go downwards and reach the support levels of $137.97 and $115.28.
Alternatively, if the Crowdstrike Price succeeds in sustaining the CMP level, then it may reach the nearest resistance levels of $171.76 and $192.23.
At the time of publishing, Crowdstrike Holdings Inc. is trading above the 20, 50, 100, and 200-day EMAs (exponential moving average), which is barely supporting the Crowdstrike price trend, and the price faced rejection from above resistance and EMA’s might be destroyed one by one if CRWD Price fails to sustain. Hence, Crowdstrike Price is expected to move downwards giving bearish signals over the daily time frame chart.
The current value of RSI is 51.23 points. The 14 SMA is near the median line at 53.01 points which indicates that the price took rejection from the 14 SMA line and is bearish.
The MACD line at 1.30 and signal line at 1.14 are above the zero line and in bullish territory. However, both MACD and 14 SMA line has narrowed and a bearish crossover is anticipated soon in the MACD oscillator which signals an upcoming bearish trend for the CRWD stock price.
Summary
Crowdstrike Holdings Inc. (NASDAQ: CRWD) shows that the investors and traders of the stock are bearish on the 1-D time frame. The price action shows a bearish outlook at the time of publishing. The technical parameters of the CRWD stock price also support the bearish trend. The major indicators MACD, RSI, and EMA are giving negative signals and imply that the downtrend may continue in CRWD share price.
Technical Levels
- The nearest support levels: $137.97 and $115.28.
- The nearest resistance levels:$171.76 and $192.23.
Disclaimer
In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.
Source: https://www.thecoinrepublic.com/2023/07/25/crowdstrike-price-prediction-can-crwd-stock-overcome-obstacles/