CrowdStrike Holding INC #CRWD Short Set UpTrying to short this on break of 378.91. I have my sell stop at 378.9
Entry - 378.91
Stoploss - 394.65
TP-1 - 363.24
TP-2 - 347.88
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$CRWD on fireFriday: CrowdStrike ( NASDAQ:CRWD ), KKR & Co., and GoDaddy will join the S&P 500. These changes will take effect before the market opens on June 24.
Impressive Q1 results for [ NASDAQ:CRWD ](x.com)! EPS, revenue, and ARR all beat expectations, showcasing strong growth and demand in cybersecurity.
So we are officially breaking this huge range zone, with the take profit target as 390+.
CrowdStrike Holdings. Post-Earnings Call to 600CrowdStrike Holdings, Inc. is an American cybersecurity technology company based in Austin, Texas. It provides cloud workload and endpoint security, threat intelligence, and cyberattack response services.
CrowdStrike shares surged in late trading Tuesday after the security software company posted better-than-expected financial results for its fiscal fourth quarter ended Jan. 31. The company also offered guidance for both the April quarter and the January 2025 fiscal year that topped Wall Street estimates.
CrowdStrike was up 22% in after-hours trading following the results.
For the January quarter, CrowdStrike posted revenue of $845.3 million, up 33% from the year earlier quarter, beating Wall Street's consensus as tracked by FactSet of $839 million. Annual recurring revenue rose 34% from a year ago, to $3.44 billion.
On an adjusted basis, the company earned 95 cents a share in the quarter, well ahead of the Street consensus at 82 cents. Under generally accepted accounting principles, the company earned 22 cents.
For the April quarter, the company expects revenue of between $902.2 million and $905.8 million, with adjusted profits of 89 to 90 cents a share, ahead of Wall Street's consensus for $900 million in revenue and adjusted profits of 82 cents a share.
CrowdStrike projects revenue for the January 2025 fiscal year of $3.925 billion to $3.989 billion, with adjusted profits of $3.77 to $3.97 a share; Analysts have been calling for $3.938 billion in revenue and profits of $3.76 a share.
In a statement, CrowdStrike CEO George Kurtz said that "customers favor our single platform approach...CrowdStrike is cybersecurity's consolidator of choice, innovator of choice and platform of choice to stop breaches."
That statement appears aimed at rival Palo Alto Networks, which recently said it was " facing spending fatigue in cybersecurity."
Palo Alto is making an aggressive "platformization push," in some cases offering to give features away for free in the short-run to capture more customer IT spending budget in the long run.
Technical chart illustrates potential target can be in $500 - 600 range, that is 40 to 60 per cent above even post-earnings robust surge.
CRWD - 3 months CUP & HANDLE══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant;
- the information that I think is important is very simple and can easily be understood just by looking at charts;
For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
Thank you all for your support
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
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⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
$CRWD on fireFriday: CrowdStrike ( NASDAQ:CRWD ), KKR & Co., and GoDaddy will join the S&P 500. These changes will take effect before the market opens on June 24.
Impressive Q1 results for [ NASDAQ:CRWD ](x.com)! EPS, revenue, and ARR all beat expectations, showcasing strong growth and demand in cybersecurity.
So we are officially breaking this huge range zone, with the take profit target as 390+.
Crowdstrike pushing towards all time highs!Crowdstrike has been in a strong upward trend since the beginning of 2023. Pullbacks were generally short-lived, and the trend accelerated early this year.
CRWD reached its ATH in March, surpassing the 300 mark it reached in 2021. A significant consolidation occurred after that, but it seems like the bulls have garnered sufficient strength to test 360 again, after failing to breach the level 2 weeks ago, and maybe push the stock to new highs. The stock's 7% jump after beating the Q1 earnings estimate proved to be a perfect launchpad for this, CRWD is now trading above the 50, 100 & 200 SMA again.
Should the 360 mark be broken, traders can start looking up to the 400$ mark.
Fundamentally speaking, the threat of novel cybersecurity attacks is unfortunately not going to go away. Black hats are developing smarter-than-ever malware. To the eyes of many, Crowdstrike's AI-boosted cloud-based cybersec solutions offer powerful counters to those threats, so it is probably unlikely that Crowdstrike will see a sharp drop in demand in the near future as companies and their IT-teams are still catching up. According to the IDC (International Data Corporation) GenAI (Generative AI) in the cybersecurity market is growing at a CAGR of 23.6% and projects that it will reach a $46.3 billion market value by 2027.
Stay safe out there and trade responsibly!
6/4/24 - $crwd - the bar is too high; need a better setup 4 long6/4/24 - vrockstar - NASDAQ:CRWD - going to recycle a lot of the same logic i employed before i started publishing from late april. stock is in the same place. the issue really is a factor one since we've seen most of the other cyber and B2B report good #s and stocks struggle. even NASDAQ:ZS , one of my top picks good #s, good guide, half the multiple of NASDAQ:CRWD and dumped from the open.
conclusion: be careful here fam. it will be hard to buy a breakout in this tape, esp in such an important macro week (*cough* friday jobs) and where the upside is probably 10% (which you'd take off the table immediately) and the downside is 10-25% all else equal.
I'd guess the result is great and the reaction blows. that's my pt. i'm not bearish the name; i'd own it. but just not here, not now.
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repost my private comment:
4/26/24 - vrockstar - simply too expansive for 70x PE and 30-40% EPS cagr at most. 1.5% FCF fwd yield if i give credit for 1.5 bn on an EV of 70 ish is again probably "worth" the price assuming they can keep the momentum but this just seems like a steep ask in the current tap esp after the last print got sold hard and the stock has struggled to make new highs. would defn b a high quality LT pickup but need something of a discount here so setting the first level to re-address a take-look at slightly above 250. keep in mind fwd sales multiple here is probably still 12-13x which is super rich but could justify. have hard time paying 17x like today
CrowdStrike (CRWD) Analysis Market Leadership:
CrowdStrike NASDAQ:CRWD , a global cybersecurity leader, is experiencing increased spending from existing clients, with 64% of customers using five or more cloud modules as of January 31, 2024. This customer loyalty drives CrowdStrike toward its target adjusted subscription gross margin of 82% to 85%.
Investor Confidence:
Prominent investors, including Ken Griffin of Citadel Advisors and Israel Englander of Millennium, are accumulating positions in CRWD, indicating strong confidence in its future prospects.
Advanced Technology:
CrowdStrike's Falcon platform, a cloud-native solution utilizing AI and machine learning, oversees trillions of events weekly. This advanced technology has boosted retention rates from below 94% to a steady 98% over seven years, showcasing high customer trust.
Leadership Insight:
CEO George Kurtz emphasizes the company's appeal: "Customers favor our single platform approach. CrowdStrike is cybersecurity's consolidator of choice, innovator of choice, and platform of choice to stop breaches."
Investment Outlook:
Bullish Outlook: We are bullish on CRWD above the $295.00-$300.00 range.
Upside Potential: With a target set at $485.00-$490.00, key drivers include increasing customer spending, advanced technology adoption, and strong investor confidence.
📊🛡️ Monitor CrowdStrike for promising investment opportunities! #CRWD #Cybersecurity 📈🔍
Study of Dark Pool Buy Zones: CRWDNASDAQ:CRWD reports out of season, June 4th. When outlined to eliminate the extreme price action, there is a clear sideways trend. This is a Dark Pool Buy Zone. When the stock moves outside of that zone, it recovers quickly back into the zone.
The huge Black candle was a gap up by HFTs on the last earnings report, followed by pros taking profits. Along with a lack of accumulation at that level, the stock whipsawed back down. The black candles thereafter were smaller funds selling on each bounce. Notice the tiny white candles that follow the black candles (see the orange arrows), patterns that reveal controlled, incremental buying against the selling.
This is a longer sideways trend with stronger support and more definition of the buy zone despite heavy interference from small funds selling in the past couple of months.
CRWD - a simple base for the simple mindCRWD is forming what is best described as a simple base as coined by Patrick Walker. For it to be completed a smaller cup must be formed on the right hand side around current levels. Completion of such base must be verified by an increase in volume. I believe this is to be seen over the coming weeks.
The stock received favourable notice today when JPM reaffirmed its $400 price target while the positioning is to the bearish side with 68% of option positions are that way, as reported by Benzinga: www.benzinga.com this would put any upward pressure in the price into overspeed as investors cover.
Taking note of the thematic play of stock such as CRWD, I am in no rush to enter right now, but do acknowledge that I have the tide with me should prove break out from here.
This is a technical play, driven by the trend and supported by fundamentals. Your SL and PT(s) should be your own.
CRWD Elliot Wave AnalysisCRWD Crowdstrike Elliot Wave.
It's somewhat unorthodox as this stock is bullish with a lot of buying pressure. Less choppy than the broader market.
This has large upside as Wave 3 has just broken out and can swing to the upside.
Disclaimer: Do not invest money you can not afford to lose, not investment advise. I do not have a position.
(CRWD) Technical and Contextual Analysis:echnical Overview:
CrowdStrike's stock chart presents a technically ambiguous picture at a crucial junction. The price action is nestled between the Exponential Moving Averages (EMA) at 50, 100, and 200 days, signaling a critical balancing point for bullish or bearish sentiment. The 50-day EMA (316.31) above the current price suggests a short-term downward pressure, while the 200-day EMA (310.51) below supports the price, indicating potential resilience in the medium term.
The Bollinger Bands show a narrowing channel, a precursor to potential volatility. The Ichimoku Cloud, another volatility indicator, remains inconclusive, with the price action hinging around the Cloud, providing no clear trend direction.
The RSI, positioned neutrally around 42.74, affords room for both upward and downward movements, reflecting the market’s indecision. The MACD’s histogram appears to flatten, hinting at a possible attenuation in the current bearish momentum.
The On-Balance Volume (OBV) remains on a steady uptrend, contrasting with the price, which could suggest underlying strength and potential for an upward breakout.
Market Context:
Coupled with the recent surge in share price amidst an earnings season bearing fruit for tech giants, CrowdStrike shows strong year-to-date performance. The optimism is bolstered by anticipations of rate cuts from the Federal Reserve, possibly fostering a more favorable business environment, particularly for AI-focused companies.
News and Sentiment Integration:
The company has outperformed with a recent report showing Non-GAAP EPS of $0.82, surpassing expectations by $0.08, and revenue of $786M beating estimates. Despite this, forecasts have been weaker than expected, not significantly dampening analyst outlooks, which remain upbeat about CrowdStrike's coming quarters.
An analyst upgrade from Morgan Stanley and positive sentiments toward the company’s positioning in the cybersecurity market after a year marked by an increase in cyberattacks lend additional support to the bullish case.
Price Targets and Speculation:
Considering the technical setup and integrating market sentiment, should the price maintain above the 200-day EMA and break past the 50-day EMA, an aggressive target at previous highs near $365 is conceivable. Conversely, slipping below the significant Fibonacci support level at 287.08 could signal bearish undertones, with further downside potential.
Conclusion:
CrowdStrike stands at a critical technical juncture, with the potential for significant moves ahead, backed by a solid fundamental narrative. The stock warrants close observation for a break from its current consolidation pattern, which could determine the direction of the next major price swing. Investors should weigh technical signals with market news, analyst commentary, and broader sector trends to navigate the landscape for CRWD.
CRWD - Complete rounding bottom. Weekly Uptrend, Bullish and Strong Bull
MCDX fully control by banker.
FIFT still +ve indicating Strong Bull.
Price structure form support and resistant at every 65$ Range. i.e 170, 235, 300, 365.
Rounding bottom completion with Resistant at 300.
Currently moving sideway retesting 300
Plan for pullback further buy upon retest 300
