CrowdStrike Earnings Report Anticipated Amid Bearish Market Conditions

CrowdStrike Holdings Inc CRWD is scheduled to report its fourth-quarter earnings this Tuesday. Analysts project earnings per share (EPS) of 85 cents, with expected revenues reaching $1.03 billion. The report will be released after market hours.

Over the past year, the stock has risen by 19.90%, reflecting an 8.32% year-to-date increase.

Let’s examine the charts for CrowdStrike stock and how the current price compares to Wall Street’s forecasts.

Read also: CrowdStrike earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of earnings Call

Bearish Trends for CrowdStrike Ahead of Q4 Earnings

Chart created using Benzinga Pro

Currently trading at $374.57, CrowdStrike stock exhibits strong bearish momentum. The share price remains below significant short-term moving averages, including the five-day, 20-day, and 50-day exponential moving averages, suggesting ongoing selling pressure and potential for further declines. Key resistance levels indicated by the eight-day simple moving average at $387.49 and the 20-day simple moving average at $415.45 support this bearish outlook.

In contrast, long-term indicators present a mixed scenario. While the stock is under its 50-day simple moving average of $385.83, its 200-day simple moving average of $333.31 shows some underlying bullish support.

The Moving Average Convergence Divergence (MACD) at -2.58 signals continued bearish momentum. Furthermore, the Relative Strength Index (RSI) is at 39.90 and decreasing, suggesting that the stock is nearing oversold conditions but has not yet reached critical extremes.

Investors should monitor for a breakout above short-term resistance or a further decline in the RSI below 30, which may indicate a potential reversal opportunity.

Analysts Forecast 18% Upside Potential for CrowdStrike

Ratings & Consensus Estimates: The current consensus rating for CrowdStrike stock is a Buy, with a target price set at $392.87. Recent ratings from firms like Canaccord Genuity, JP Morgan, and Rosenblatt predict an upside of 18.34%, with an average price target of $440.

CRWD Price Action: As of publication, CrowdStrike stock traded at $375.

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