CrowdStrike Holdings Inc CRWD will be reporting its second-quarter earnings on Wednesday. Wall Street expects 97 cents in EPS and $958.6 million in revenues as the company reports after market hours.

The stock is up 84.59% over the past year, 7.69% YTD.

Let’s look at what the charts indicate for CrowdStrike stock and how the stock currently maps against Wall Street estimates.

CrowdStrike Stock Chart Bearish Ahead of Q2 Earnings 

CrowdStrike stock is currently showing a relatively stagnant trend with signs of selling pressure, suggesting a risk of future bearish movement.

Chart created using Benzinga Pro

The stock price of $265.87 is below its eight-day simple moving average of $266.82, indicating a bearish signal. However, the price remains above its 20-day simple moving average of $247.59, signaling a short-term bullish outlook. The 50-day simple moving average at $311.04 and the 200-day simple moving average at $298.40 are higher than the current stock price, reinforcing a bearish technical stance.

Chart created using Benzinga Pro

The Moving Average Convergence Divergence (MACD) indicator of a negative 7.72 further suggests bearish momentum. The Relative Strength Index (RSI) is at 46.80, indicating the stock is neither in overbought nor oversold territory.

However, the Bollinger Bands (25) ranging from $216.33 to $283.50, with the price having crossed over to the upper band, supports a bullish view.

Overall, the technical picture remains largely bearish for CrowdStrike stock.

Read Also: CrowdStrike Shares Showing Signs Of Recovery After Microsoft Outage: Can Q2 Earnings Help Continue Trend?

CrowdStrike Analysts See 26% Upside

Ratings & Consensus Estimates: The consensus analyst rating on CrowdStrike stock stands at a Buy currently with a price target of $346.77. The latest analyst ratings for CrowdStrike Holdings from Deutsche Bank, Rosenblatt and Cantor Fitzgerald, released in August 2024, suggest an average price target of $335, implying a 26.47% upside potential for the stock.

CRWD Price Action: CrowdStrike shares are up 1.22% at $269.10 on Tuesday at publication.

Read Next:

• CrowdStrike’s Potential Revenue Shortfall Won’t Deter Growth, Analyst Says

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