CrowdStrike stock surges after botnet takedown as bullish momentum persists

CrowdStrike stock surges after botnet takedown as bullish momentum persists
CrowdStrike jumps 3.38% today

CrowdStrike took over one of the most resilient botnets it has encountered, known as Glassworm.

The Glassworm botnet compromised open-source dependencies, identified developer machines, and used infected code repositories to spread across the supply chain. CrowdStrike shared information about this operation in a video.

Highlights

  • CRWD is trading with strong bullish momentum, consistently above short-, medium-, and long-term moving averages with buyers dominating recent sessions.
  • Current price action shows CRWD consolidating near the weekly high, reflecting strong intraday gains and limited resistance overhead.
  • Expect CRWD to trade between $675 and $715 next week, with technical indicators signaling high probability for continued upside.

Bullish control as price holds above layered support levels

CRWD is trading at $701.47, above the MA-20 ($692.97), MA-50 ($588.01), and MA-200 ($494.54), confirming short-, medium-, and long-term bullish momentum. The Ichimoku Kijun on D1 is at $699.47, acting as immediate support, with near-term support at the Kijun and MA-20, and key supports at MA-50 and MA-200; near-term resistance is not far above the current price (MA-20), with key resistance at the year high and recent weekly high.

Strong but unsaturated momentum with price consolidating near weekly highs

Momentum signals remain strong with the MACD (D1) and ADX (D1) both signaling firm bullish energy, while RSI (56.06) and Stoch RSI (35.76) are moderately elevated but not yet overbought. The BBP on D1 is distinctly overbought, indicating buyers are dominating intraday momentum. The AO is neutral but does not contradict the overall bullish structure. In today’s session, CRWD is up 3.38%, showing a sharp move driven by buyer activity. Over the past week, CRWD has risen $15.71 (2.29%) from a previous weekly close of $685.76, now trading in the upper part of the weekly range. Weekly volatility stands at 7.58%. The stock is consolidating close to this week's high, hinting at continuation potential.

High upside odds as technicals support range-bound consolidation

For the next week, the expected price range is $675 to $715, a band in line with current volatility and well within 20% of the latest price. Given that RSI (W1), ADX (W1), MACD (W1), and MA-50 (W1) all signal “Buy,” the probability of a further increase is very high (more than 80%), making a decline less likely. The baseline scenario sees CRWD stabilizing between $675 and $715, reflecting a sideways consolidation. A bullish case would play out if the price sustainably breaks above $715, opening room toward the 52-week high. The bearish case would require a fall below $675, which could trigger a deeper retracement toward medium-term supports. This range keeps CRWD well above its 52-week low of $342.72 but remaining below the year’s high of $785.66.

Earlier, analysts noted that CrowdStrike sustained a strong long-term uptrend despite near-term volatility and mixed technical signals. This article introduces a fresh perspective on current market dynamics, highlighting a key technical level for traders to monitor as momentum shifts evolve.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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