CrowdStrike Holdings Inc CRWD is set to announce its third-quarter earnings on Tuesday. Analysts predict earnings per share (EPS) of 81 cents and revenues amounting to $982.36 million, with the company reporting after the market closes.

The stock has seen a remarkable increase of 73.12% over the past year, alongside a 20.7% rise just in the last month.

Next, let’s analyze the current performance of CrowdStrike stock and compare it to Wall Street’s expectations.

Explore Further: CrowdStrike Q3 Earnings Preview: Analysts Anticipate Recovery, ‘Customers Remain Confident’

CrowdStrike Approaching a Golden Cross Before Q3 Earnings

CrowdStrike’s stock is nearing a golden cross, a positive technical indicator often linked to rising market momentum.

Chart created using Benzinga Pro

Currently, CrowdStrike is trading at $363.68, well above its five-day, 20-day, and 50-day exponential moving averages (EMAs), indicating strong bullish momentum. The eight-day simple moving average (SMA) is at $355.04, the 20-day SMA is $335.66, and the 50-day SMA is at $311.85, all demonstrating solid upward trends.

The long-term outlook remains positive, with the 200-day SMA at $312.32 confirming support against potential declines.

Nevertheless, some caution is necessary.

The Relative Strength Index (RSI) stands at 67.97, suggesting that CRWD stock is approaching overbought conditions and may face selling pressure. Additionally, the Moving Average Convergence Divergence (MACD) is quite high at 16.10, indicating that while the trend remains strong, a pullback could be on the horizon.

As the golden cross forms, it may drive CRWD higher, but short-term risks should not be overlooked.

CrowdStrike Analysts Project 9% Upside

Analyst Ratings & Price Estimates: Currently, analysts have a consensus rating of Buy for CrowdStrike stock, with an average price target of $338.11.

Recent ratings from firms like Evercore ISI Group, Rosenblatt, and KeyBanc point to an average price target of $393.33, translating to an expected upside of approximately 8.81%.

Recent Price Movement: CrowdStrike’s stock closed the previous trading day at $363.68, which is a decrease of 2.3%.

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