CrowdStrike Holdings Inc (NASDAQ:CRWD) will be reporting its third-quarter earnings on Tuesday. Wall Street expects 81 cents in EPS and $982.36 million in revenues as the company reports after market hours.
The stock is up 73.12% over the past year, 20.7% over the past month.
Let's look at what the charts indicate for CrowdStrike stock and how the stock currently maps against Wall Street estimates.
Read Also: CrowdStrike Q3 Earnings Preview: Analysts Anticipate Recovery, 'Customers Remain Confident'
CrowdStrike On The Verge Of A Golden Cross Ahead Of Q3 Earnings
CrowdStrike stock is on the verge of forming a golden cross, a technical indicator often associated with bullish momentum.
Chart created using Benzinga Pro
CrowdStrike stock is trading at $363.68, significantly above its five-day, 20-day and 50-day exponential moving averages (EMAs), confirming a strong bullish trend. The eight-day simple moving average (SMA) at $355.04, the 20-day SMA at $335.66, and the 50-day SMA at $311.85 all reflect robust upward momentum.
Additionally, the 200-day SMA of $312.32 reinforces the bullish outlook as the share price firmly surpasses long-term resistance levels.
However, caution is warranted.
Despite the overall bullish signals, the Relative Strength Index (RSI) at 67.97 suggests CRWD stock is nearing overbought territory, hinting at potential bearish pressure.
Similarly, the high Moving Average Convergence Divergence (MACD) of 16.10 confirms the strength of the trend but could precede a cooling-off period.
While the golden cross could propel CRWD higher, traders should remain mindful of short-term overbought risks.
CrowdStrike Analysts See 9% Upside
Ratings & Consensus Estimates: The consensus analyst rating on CrowdStrike stock stands at a Buy currently with a price target of $338.11.
The latest analyst ratings for CrowdStrike stock, from Evercore ISI Group, Rosenblatt and KeyBanc, suggest an average price target of $393.33, implying an 8.81% upside potential.
CRWD Price Action: CrowdStrike stock closed Monday's trading day at $363.68, down 2.3%.
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