CrowdStrike Holdings, Inc.

CrowdStrike Holdings, Inc. (NASDAQ: CRWD) is an IT services company that provides cloud-delivered solutions for endpoint and cloud workload protection. Noted below are the key price indicators for the stock:

Technical Observation (on the Weekly Chart)

On the weekly chart, CRWD's prices formed a Head and Shoulders top pattern (bearish reversal) and currently hovering around the neckline breakout level, indicating the possibility of a downside direction. The leading indicator RSI (14-period) is around an oversold zone and shows a reading of ~33.70. The CMP is below the trend-following indicators 21-period & 50-period SMA, which may act as the resistance level for the stock. 

As per the above-mentioned price action and technical indicators analysis, we have a ‘Watch’ rating CrowdStrike Holdings, Inc. at the close price of USD 139.87 (as of May 24, 2022). Investors 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.

QuantumScape Corporation 

QuantumScape Corporation (NYSE: QS) is a US-based company that operates in developing battery technology for electric vehicles. It also engaged in a development and commercialization of lithium-metal batteries. Noted below are the key price indicators for the stock: 

Technical Observation (on the Weekly Chart) 

On the weekly chart, QS’ price witnessed a breakout of the horizontal trendline support and is sustaining below the trendline resistance. The leading indicator RSI (14-period) is showing a reading of ~33.19, indicating negative momentum in the stock. The CMP is below the trend-following indicators 21-period & 50-period SMA, which may act as the resistance zone for the stock. 

 

Conclusion 

As per the above-mentioned price action and technical indicators analysis, we have a ‘Watch’ rating on QuantumScape Corporation at the close price of USD 10.82 (as of May 24, 2022). Investors 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. 

 

Exela Technologies, Inc.

Exela Technologies, Inc. (NASDAQ: XELA) is an IT services company engaged in transaction processing solutions, enterprise information management, document management and digital business process services. Noted below are the key price indicators for the stock:

Technical Observation (on the Daily Chart)

XELA has broken a crucial support level of USD 0.2600 in the previous trading session and settled below the breakout level, indicating the possibility of a downside direction. The leading indicator RSI (14-period) is still consolidating around an oversold zone and prices are trading below the trend-following indicator 21-period SMA and 50-period SMA, supporting further downside direction. 

Conclusion

As per the above-mentioned price action and technical indicators analysis, we have a ‘Watch’ rating on Exela Technologies, Inc. at the close price of USD 0.2339 (as of May 24, 2022). Investors 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. 

Note 1: Investment Related Risks: This report may be looked at by Investors with sufficient risk appetite looking for returns within a short investment duration. Investment recommendations provided in this report are 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 2: How to Read the Charts?

The Green colour line reflects the 21-period moving average while the red line indicates the 50- period moving average. SMA helps to identify existing price trend. If the prices are trading above the 21-period and 50-period moving average, then it shows prices are currently trading in a bullish trend.

The Black colour line in the chart’s lower segment reflects the Relative Strength Index (14-Period) which indicates price momentum and signals momentum in trend. A reading of 70 or above suggests overbought status while a reading of 30 or below suggests an oversold status.

The Blue colour bars in the chart’s lower segment show the volume of the stock. The volume is the number of shares that changed hands during a given day. Stocks with high volumes are more liquid than stocks with lesser volume as liquidity in stocks helps in easier and faster execution of the order.

The Orange colour lines are the trend lines drawn by connecting two or more price points and used for trend identification purposes. The trend line also acts as a line of support and resistance.

Technical Indicators Defined: -

Support: A level where-in the stock prices tend to find support if they are falling, and downtrend may take a pause backed by demand or buying interest.

Resistance: A level where-in the stock prices tend to find resistance when they are rising, and uptrend may take a pause due to profit booking or selling interest.

The reference date for all price data, volumes, technical indicators, support, and resistance levels is May 20, 2022. The reference data in this report has been partly sourced from REFINITIV. 

Abbreviations

CMP: Current Market Price

SMA: Simple Moving Average

RSI: Relative Strength Index

USD: United States dollar 

Note: Trading decisions require a thorough analysis by investors. Technical reports in general chart out metrics that may be assessed by investors before any stock evaluation. The above are illustrative analytical factors used for evaluating the stocks; other parameters can be looked at along with additional risks per se. Past performance is neither an indicator nor a guarantee of future performance.