CRWD heads up into $300: crash bounce reaching key fib levelsCRWD was at a significant resistance before the "outage".
So it was ready for a dip already when the bad news hit.
The stock crash (after the outage) is back up to key levels.
MINOR but significant resistance at current price of $298.49.
MAJOR target/resistance is a Golden Genesis fib at $308.92.
OVER shoot target and likely top will be local fib at $316.09.
It is PROBABLE that it pulls back very soon.
It is POSSIBLE to be the high before new lows.
It is PLAUSBLE that it breaks but not on first hit.
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1CRWD trade ideas
CRWD – Daily Time Frame Pullback After BreakoutOn the daily timeframe, CRWD has broken out of a key resistance level and is now in the process of a pullback. My target for this move is the pink zone, which I’ve identified as the next potential resistance.
Strategy: I'll be monitoring this pullback closely for a potential move toward the pink zone, which could be a good area to take profits.
CRWD
Copy of and old private poste on 24 september
our black A is our first big move down.
From there: What I think I see now is a movement from point A to point B. I suspect that a 3 movement UP is forming there. and then we go back down in 5. This is the red Arrow that you must follow.
in that case we have formed a zigzag 3 - 5 - 3
The blue arrow... could be the last move of a 5 up on a lower timeframe. Nl on the one hour chart. I don't see any divergence there yet, so somewhere I expect the latter too... I expect a real reaction in the yellow box.
the blue small print (i,ii,iii,... should represent the 5 moves up with a fib retracement respectively. Ideally we see that last move up occurring between 285 and 270 or in other words at the latest a response to the 0.50 fib retracement of the last movement up (equals the blue small print)
Today:
still the same
Expect Crowdstrike to be choppy for sometimeI'm expecting crowdstrike to top out around here. Am i short... no, i've actually been doing a weekly DCA buy for sometime because i believe in this company long term. The green horizontals are layed out as nice spots that i will increase my DCA or make a larger one time buy. I'm not expecting all these to hit.
$CRWD looking to start filling empty space to upsideif crowd strike can close a weekly candle above 302 we are going for the first target of 340ish.
if we get the close above 302 weekly wait for the retest of that level to take it long. we might get the retest tomorrow before we head higher. if we close under look for 290ish put target
CrowdStrike Holdings, Inc. (CRWD) | Chart & Forecast SummaryKey Indicators on Trade Set Up in General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Active Sessions on Relevant Range & Elemented Probabilities;
* Asian(Ranging) - London(Upwards) - NYC(Downwards)
* Weekend Crypto Session
# Trend | Time Frame Conductive | Weekly Time Frame
- General Trend
- Measurement on Session
* Support & Resistance
* Trade Area | Focus & Motion Ahead
# Position & Risk Reward | Daily Time Frame
- Measurement on Session
* Retracement | 0.5 & 0.618
* Extension | 0.786 & 1
Conclusion | Trade Plan Execution & Risk Management on Demand;
Overall Consensus | Buy
CrowdStrike (CRWD) Set for a Potential Surge This WeekCrowdStrike is poised for another surge this week, following a promising buy signal that was observed on Friday. Traders are anticipating potential gains, as the stock shows signs of upward momentum. Keep an eye on market developments, as this could be an opportune moment for investors looking to capitalize on its growth potential.
Looking for calls potentially next week on CRWD!🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
CrowdStrike Cut Its Guidance. Here’s What Its Charts Look LikeCrowdStrike Holdings NASDAQ:CRWD beat estimates on its latest quarterly numbers this week and cut guidance less than feared following July’s global computer outage, which stemmed from a problem with the cybersecurity firm’s latest software update. Let’s see what CrowdStrike’s fundamentals and technicals say about where the stock might go from here.
CrowdStrike’s Price Moves and Fundamental Analysis
CRWD initially lost some 36% in the days following the July 19 outage, but has since rebounded some 25% in less than a month.
The company reported after the bell Wednesday that it saw $1.04 in adjusted earnings per share on $963.87 million of revenue for the three months ended July 31.
That beat the $0.97 adjusted EPS and $958.5 million revenue that analysts’ consensus called for. Earnings also grew 41% year over year, while revenues gained 31.7% y/y.
But CrowdStrike’s release wasn’t really about those numbers. Many investors wanted to hear what management would say about the massive computer outage, sparked by a faulty CrowdStrike update for Microsoft Windows.
The problem –- considered perhaps the worst outage in IT history -- took down computer systems worldwide, affecting retailers, airlines, hospitals and more and causing at least an estimated $5 billion in damages, according to published reports.
Hard-hit Delta NYSE:DAL needed nearly a week to fix its systems, and has said it will sue CRWD over what it claims are at least $500 million in expenses and lost revenues, according to media reports. (CrowdStrike countered that Delta suffered more than other airlines did due to DAL’s alleged IT shortcomings.)
CRWD has since updated its tools and testing procedures, but the company is already facing lawsuits, presumably damaged its reputation and will likely lose some business given the outage’s size.
CEO George Kurtz said during Wednesday’s earnings call that “in working with customers post-incident, we quickly mobilized around customer loyalty.”
The firm appeared to be conservative on guidance for both the current quarter and full year, but it quickly became apparent that investors had braced for worse and CRWD actually rose 2.8% Thursday following the earnings report’s release.
CrowdStrike’s Technical Analysis
What about CrowdStrike’s technicals?
Let's take a look at the stock’s chart as of Thursday morning:
Readers will see that the stock has generally been in an ascending price channel since January 2023, with CRWD’s stock price more than tripling over that time frame.
However, July’s global computer outage threw a monkey wrench into that pattern and trashed the stock, which fell 36.5% from its $343.05 close on July 18 to its $217.89 Aug. 2 close just 15 days later.
But since then, CRWD has seen something of a moderate "V" shaped recovery, bouncing back some 25% between Aug. 2’s close and where the stock closed on Thursday.
Let's place a Fibonacci model on the entire move and see what we come up with:
Now, let's zoom in and look at the same model over just the past six months:
Readers will see that CRWD was "rescued" at the 61.8% Fibonacci retracement level of its entire rally from early 2023 into July 2024. The stock is also clinging to its 21-Day Exponential Moving Average (the green above), while a small “cup” pattern has now developed a handle with a $279 pivot.
One of two things seem likely to happen from here:
1) CrowdStrike rallies to take back its 200-day Simple Moving Average (the red line above) and its 50-Day Simple Moving Average (the blue line). That could prompt portfolio managers to increase their long-side exposure and send the stock higher.
2) CRWD sells off and creates a new post-cycle low. That could mean portfolio managers will decrease their long-side exposure, sending the stock lower.
In either case, neither the stock's Relative Strength Index (the gray line above) nor its daily Moving Average Convergence/Divergence (MACD, the black and gold lines above) look like they’ll provide much help to CrowdStrike right now. The MACD is currently somewhat bearish, although it appears to be improving.
(Full disclosure: At the time of writing this article, Moomoo Markets Commentator Stephen Guilfoyle was long CRWD and MSFT).
This article discusses technical analysis, other approaches, including fundamental analysis, may offer very different views. The examples provided are for illustrative purposes only and are not intended to be reflective of the results you can expect to achieve. Specific security charts used are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. This content is also not a research report and is not intended to serve as the basis for any investment decision. The information contained in this article does not purport to be a complete description of the securities, markets, or developments referred to in this material. Moomoo and its affiliates make no representation or warranty as to the article's adequacy, completeness, accuracy or timeliness for any particular purpose of the above content. Furthermore, there is no guarantee that any statements, estimates, price targets, opinions or forecasts provided herein will prove to be correct. Moomoo is a financial information and trading app offered by Moomoo Technologies Inc. In the U.S., investment products and services on Moomoo are offered by Moomoo Financial Inc., Member FINRA/SIPC.
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CrowdStrike’s Earnings Beat Expectations, Outlook Clouds Future Key Takeaways:
- Revenue Surprise: CrowdStrike’s revenue surged 32% year-over-year, surpassing analysts' expectations.
- Outage Fallout: The first earnings report since a significant global outage reveals lowered revenue guidance and potential long-term customer trust issues.
- Financial Forecast Adjustment: Revised revenue guidance for the fiscal year ending January 31, 2024, lowered to $3.89 billion - $3.9 billion from the previous $3.97 billion - $4 billion projection.
CrowdStrike’s Revenue Beat Amid Challenges
CrowdStrike Holdings ( NASDAQ:CRWD ), a leading cybersecurity firm, delivered better-than-expected earnings this quarter, posting a 32% increase in revenue year-over-year to $963.9 million. However, despite these solid top-line numbers, the company lowered its full-year revenue guidance following a substantial software update failure that led to a global outage affecting numerous clients.
The Aftermath of the Global Outage
The recent report marks CrowdStrike’s first public disclosure since the critical July 19th incident, which disrupted services globally and caused significant operational issues for major clients, including Delta Air Lines. To manage the fallout, CrowdStrike has committed to a $60 million "customer commitment package," offering credits to affected clients. Still, this amount is likely only a fraction of the actual damages incurred, with Delta alone estimating losses of around $500 million.
Despite these setbacks, CrowdStrike has managed to retain a 98% customer retention rate, suggesting a robust level of client loyalty. CEO George Kurtz emphasized the company’s resilience, stating, "Working with customers to recover from the July 19 incident, we emerge as an even more resilient and customer-obsessed CrowdStrike."
Financial Adjustments and Market Reactions
CrowdStrike ( NASDAQ:CRWD ) adjusted its revenue forecast for the fiscal year, now expecting between $3.89 billion and $3.9 billion, down from its earlier prediction of $3.97 billion to $4 billion. This revision aligns with the company's strategy to manage customer relations and mitigate the fallout from the outage.
The market reaction has been mixed: CrowdStrike shares ( NASDAQ:CRWD ) initially climbed in after-hours trading but later fell by about 2%. As of Wednesday’s close, the stock remains down over 20% since the outage but has rebounded 33% from the post-outage low three weeks ago. Investors appear cautiously optimistic, recognizing both the risks and the potential for recovery.
Balancing Revenue Growth and Customer Retention
The company's annual recurring revenue (ARR) increased by 32% to $3.86 billion, with $217.6 million added in the quarter, highlighting the ongoing demand for cybersecurity solutions despite recent hiccups. The challenge, however, lies in maintaining this growth trajectory. Moody’s recently revised its outlook on CrowdStrike from "positive" to "neutral," reflecting concerns about potential revenue growth slowdowns and the company's ability to manage customer relationships post-incident.
Legal Battles and Future Outlook
CrowdStrike ( NASDAQ:CRWD ) is gearing up for potential legal disputes, particularly with Delta Air Lines, which is preparing to sue the company over the outage losses. CrowdStrike has a contractual liability cap of less than $10 million with Delta, but the extent of the financial impact remains uncertain.
Moody’s analyst Raj Joshi commented, "If performance is deteriorating, it’s not going to show up in the numbers immediately. There’s a lag." He pointed out that while existing customers may take time to switch providers, the bigger challenge for CrowdStrike will be to rebuild trust and continue selling additional services to clients affected by the outage.
Conclusion
While CrowdStrike’s recent earnings report underscores its robust revenue capabilities, the company faces an uphill battle to manage customer trust, retain business, and mitigate the financial and reputational damage caused by the outage. The next few quarters will be crucial in determining whether CrowdStrike ( NASDAQ:CRWD ) can maintain its growth momentum or if the lingering effects of this incident will prove more detrimental to its long-term prospects.
Cup and Handle - Sip and chillNo need for a long explanation on why this is trading downwads, the largest IT outage in history sent the best performing Cyber Security company down back to earth. Does that make it a bad investment? Only time will tell, but it remains the best in breed company and in my opinion it's worth taking the risk.
I entered my trade in the golden fib pocket and I shall exit my trade at break even if the earnings call is bad tonight. But I remain hopeful that this was just a blip and CRWD will overcome this issue long term. So I will accumalate if we get an overreaction.
Tonight is that pivotal earnings report, along with other tech earnings including NVIDIA, so I expect a large move. Ideally i'd like to see it break out of the handle as confirmation of a breakout with higher prices to come. But the pressure of the recent debacle could potentially weight down on CRWD financials for the next couple of quarters.
Trade safe. Don't forget to manage risk!
caution with crwdI think this bounce in CRWD maybe coming to an end as it's pinned against a big monthly level. If the earnings report gaps this then that level will be an important level of support that should be tested. If CRWD fails at this level then it's possible to test $180. Either way, i'd use caution going into earnings.
CRWD Short Position Hi traders,
The price dropped down significantly and hit the support level on 5th of August, where it bounced and we expect the price to fill the gap, which is having a confluence with a strong resistance.
From there we expect to get rejected and hit the target level.
Entry at 260.40
Target at 240.95
Stop loss placed at 266.08
Good luck
Two Daggers potential Future trade - watch for itThis stock has the potential to become the two daggers buy signal.
See the educational post attached to understand this pattern.
Currently, it is just a potential to watch and not a realization.
Obviously, if the stock corrects immediately up so you get only one dagger so the setup has not come to fruition.
CRWD: Long Term Investment For CRWDTechnical Analysis (TA):
Support and Resistance Levels:
Current Price: Around $259.96.
Resistance Levels:
Near $360 (highlighted as R1 around the $360 level multiple times in the chart).
Another resistance is $417.39 (R1 level from an earlier high).
Support Levels:
$172.68 appears as a strong support level (S1).
$225.50 could be a psychological support, aligned with recent price movements.
$200.81 also serves as a significant support level.
Ichimoku Cloud:
The price seems to have fallen below the Ichimoku cloud in recent months, indicating bearish momentum.
The cloud itself is red, which often suggests continued bearish sentiment. However, the price is approaching the cloud from below, and a breakout above it could signal a bullish reversal.
Stochastic Oscillator:
The Stochastic Oscillator at the bottom of the chart seems to be in the oversold territory and may have started to curve upwards. This might indicate a potential buying opportunity if the momentum continues to swing back upwards.
Price Action:
The price seems to be in a corrective phase after a steep decline. If the current bullish momentum continues, a retest of the $360 resistance could be possible in the near term.
A sustained break below $200 could suggest further downside risk.
Technical Analysis Summary:
Following key observations can be made:
Price Action: The stock has been in a corrective phase but is currently showing signs of recovery, with price attempting to break above the $260 level. This aligns with the support and resistance levels indicated by the pivot points and Fibonacci retracements on the chart.
Ichimoku Cloud: The price is below the cloud, which is generally bearish, but the stock is trying to break into the cloud. A successful breakout above the cloud could signal a trend reversal.
Stochastic Oscillator: The stochastic is in the oversold region, which indicates potential upward momentum in the near future.
Market Data and Analyst Insights:
Analyst Ratings: According to recent analyst coverage, CRWD has an overall positive outlook, with most analysts recommending a "Buy" or "Strong Buy." The average 12-month price target is around $340.18, with a potential upside of approximately 31% from the current price levels (Stock Analysis) stockanalysis.com
Revenue and Earnings Forecast:
Revenue Growth: CRWD is expected to see significant revenue growth, with projections of $4.06 billion this year, increasing to $5.10 billion next year, representing a 25.68% increase (Stock Analysis) .
EPS Growth: The company's EPS is forecasted to grow from $4.04 this year to $4.94 next year, indicating strong profitability (Stock Analysis).
Valuation: CRWD's forward P/E ratio is expected to decrease as the company continues to grow, making it potentially more attractive for long-term investors as earnings expand (Stock Analysis).
Investment Considerations:
Upside Potential: With a strong forecast and the majority of analysts leaning towards a "Buy" rating, CRWD appears to have substantial upside potential. The current technical setup also suggests that if the stock can maintain its recovery above key support levels, it could be well-positioned for growth.
Risks: However, the stock is still below significant resistance levels, and the overall market sentiment should also be considered, especially if broader market conditions become unfavorable.
Given this combination of technical and fundamental factors, CRWD seems to be a stock with good growth potential but also some risks that should be monitored closely.