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CrowdStrike Holdings Inc
CrowdStrike Holdings, Inc. (NASDAQ: CRWD) is a global cybersecurity company that provides cloud-delivered protection of endpoints, cloud workloads, identity and data. The Company’s Falcon platform is designed for cybersecurity consolidation, purpose-built to stop breaches. The platforms collect and integrates data from across the enterprise, including endpoints, cloud workloads, identities, and third-party sources
Recent Business and Financial Updates
Technical Observation (on the daily chart):
The Relative Strength Index (RSI) over a 14-day period stands at a value of 14.33, inside oversold zone and downward trending, with expectations of a support if the important levels of USD 190-USD 200 sustain. Additionally, the stock's current positioning is below both 21-Day SMA and 50-Day SMA, which can act as a short to medium term resistance levels.
As per the above-mentioned price action, recent key business and financial updates, momentum in the stock over the last month, and technical indicators analysis, a ‘BUY’ rating has been given to CrowdStrike Holdings, Inc. (NASDAQ: CRWD) at the current market price of USD 204.22 as of August 05, 2024, at 06:50 am PDT.
Individuals can evaluate the stock based on the support and resistance levels provided in the report in case of keen interest taking into consideration the risk-reward scenario.
Markets are trading in a highly volatile zone currently due to certain macro-economic issues and prevailing geopolitical tensions. Therefore, it is prudent to follow a cautious approach while investing.
Related Risk: This report may be looked at from a high-risk perspective and a recommendation is provided for a short duration. This report is solely based on technical parameters, and the fundamental performance of the stocks has not been considered in the decision-making process. Other factors which could impact the stock prices include market risks, regulatory risks, interest rates risks, currency risks, social and political instability risks etc.
Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is August 05, 2024. The reference data in this report has been partly sourced from REFINITIV.
Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.
Note 4: Target Price refers to a price level that the stock is expected to reach as per the relative valuation method and or technical analysis taking into consideration both short-term and long-term scenarios.s
Note 5: ‘Kalkine reports are prepared based on the stock prices captured either from the New York Stock Exchange (NYSE), NASDAQ Capital Markets (NASDAQ), and or REFINITIV. Typically, all sources (NYSE, NASDAQ, or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.
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