CROWDSTRIKE HOLDINGS INC - A is setting up nicely for a breakout.

Our stock screener has spotted CROWDSTRIKE HOLDINGS INC - A (NASDAQ:CRWD) as a possible breakout candidate. A technical breakout setup pattern occurs when the stock is consolidating after a nice uptrend. Whether the actual breakout occurs remains to be seen of course, but it may be interesting to keep an eye on NASDAQ:CRWD.

Deciphering the Technical Picture of NASDAQ:CRWD

ChartMill assigns a Technical Rating to every stock. This score, ranging from 0 to 10, is updated daily and is determined by evaluating multiple technical indicators and properties.

We assign a technical rating of 10 out of 10 to CRWD. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CRWD is showing a nice and steady performance.

• Both the short term and long term trends are positive. This is a very positive sign.
• Looking at the yearly performance, CRWD did better than 90% of all other stocks.
• CRWD is one of the better performing stocks in the Software industry, it outperforms 72% of 278 stocks in the same industry.
• CRWD is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CRWD is lagging the market slightly.
• In the last month CRWD has a been trading in the 332.75 - 377.42 range, which is quite wide. It is currently trading near the high of this range.

Check the latest full technical report of CRWD for a complete technical analysis.

How do we evaluate the setup for NASDAQ:CRWD?

Alongside the Technical Rating, ChartMill assigns a Setup Rating to evaluate the consolidation level of a stock. This rating, ranging from 0 to 10, is updated daily and considers various short-term technical indicators. The current setup rating for NASDAQ:CRWD is 9:

Besides having an excellent technical rating, CRWD also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 369.65. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 358.83, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.

How can NASDAQ:CRWD be traded?

For a potential trade one would typically wait until the stock breaks out of the consolidation zone to enter the stock and it could be sold again for a loss when it would fall back below the zone.

This article should in no way be interpreted as trading advice. You should always make your own analysis and trade or not trade based on your own observations and style. The article is based purely on some technical observations.

Our Breakout screener lists more breakout setups and is updated daily.

Disclaimer

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.