RSI Capitulation: CRWD Tests $350.25 Support
Shares of CrowdStrike Holdings Inc (CRWD) held steady at $350.25 on February 25.
From a technical standpoint, the outlook appears bearish:
Moving Averages
Price sits below both the 9-day ($390.05) and 21-day ($411.89) EMAs, suggesting short-term weakness.
Momentum
RSI at 28.0 is depressed in oversold territory, where bounces often originate. MACD reads -21.57 against its -16.72 signal line (bearish).
Volatility
Price has pierced the lower Bollinger Band ($351.54), which often precedes a bounce.
While EMAs remain bearish, the oversold RSI reading hints at potential support around $351.54.
Traders are watching $351.54 on the downside and $478.48 on the upside.
