Current Price Action:
* CRWD is trading at $366.20, nearing a significant resistance zone at $370, which aligns with the recent swing high.
* The stock is forming an ascending triangle pattern, signaling potential breakout opportunities.
* Immediate support is at $349.73, with stronger support at $335.73, based on previous demand zones.
MACD:
* Bullish momentum is slowing, with the MACD lines flattening and histogram bars reducing. This suggests potential consolidation or a pullback.
Stochastic RSI:
* Overbought conditions persist, with Stochastic RSI above 90, hinting at a possible short-term correction.
GEX Analysis (Options Data)
Key Levels:
* Resistance Levels:
* $370 (97.49% Call Wall) – This is a critical gamma resistance where heavy call options activity could limit upside momentum.
* $380 (69.19% GEX8) – Secondary resistance, signaling a strong barrier if the breakout above $370 occurs.
* Support Levels:
* $355 (HVL Zone) – Acts as a pivot for buyers to defend against further declines.
* $337.5 (15.35% 2nd Put Wall) and $330 (19.76% Put Support) – Strong downside supports based on put option activity.
Options Sentiment:
* IV Rank: 11.7, indicating relatively low implied volatility.
* Calls: 45.9% of open interest, showing a mildly bullish options bias.
* GEX (Gamma Exposure): Positive, signaling potential price support at current levels.
Trade Setups
Bullish Scenario:
* A breakout above $370 could see CRWD test $380 and potentially $385, especially if volume accompanies the move.
* Entry: $370.50
* Stop-Loss: $365
* Targets: $380, $385
Bearish Scenario:
* Failure to break above $370 could lead to a pullback toward $349.73 or lower.
* Entry: $365
* Stop-Loss: $370.50
* Targets: $355, $337.5
Outlook
CRWD is at a critical juncture. A breakout above $370 would signal bullish strength, but overbought conditions on Stochastic RSI suggest caution. Traders should watch for increased
volume on a breakout or a potential rejection at resistance for a pullback play.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always perform your own research and manage risks effectively before trading.
* CRWD is trading at $366.20, nearing a significant resistance zone at $370, which aligns with the recent swing high.
* The stock is forming an ascending triangle pattern, signaling potential breakout opportunities.
* Immediate support is at $349.73, with stronger support at $335.73, based on previous demand zones.
MACD:
* Bullish momentum is slowing, with the MACD lines flattening and histogram bars reducing. This suggests potential consolidation or a pullback.
Stochastic RSI:
* Overbought conditions persist, with Stochastic RSI above 90, hinting at a possible short-term correction.
GEX Analysis (Options Data)
Key Levels:
* Resistance Levels:
* $370 (97.49% Call Wall) – This is a critical gamma resistance where heavy call options activity could limit upside momentum.
* $380 (69.19% GEX8) – Secondary resistance, signaling a strong barrier if the breakout above $370 occurs.
* Support Levels:
* $355 (HVL Zone) – Acts as a pivot for buyers to defend against further declines.
* $337.5 (15.35% 2nd Put Wall) and $330 (19.76% Put Support) – Strong downside supports based on put option activity.
Options Sentiment:
* IV Rank: 11.7, indicating relatively low implied volatility.
* Calls: 45.9% of open interest, showing a mildly bullish options bias.
* GEX (Gamma Exposure): Positive, signaling potential price support at current levels.
Trade Setups
Bullish Scenario:
* A breakout above $370 could see CRWD test $380 and potentially $385, especially if volume accompanies the move.
* Entry: $370.50
* Stop-Loss: $365
* Targets: $380, $385
Bearish Scenario:
* Failure to break above $370 could lead to a pullback toward $349.73 or lower.
* Entry: $365
* Stop-Loss: $370.50
* Targets: $355, $337.5
Outlook
CRWD is at a critical juncture. A breakout above $370 would signal bullish strength, but overbought conditions on Stochastic RSI suggest caution. Traders should watch for increased
volume on a breakout or a potential rejection at resistance for a pullback play.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always perform your own research and manage risks effectively before trading.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.