CoreWeave Slides Below Key Averages Ahead of Earnings
$CoreWeave, Inc.(CRWV)$
$104.01 (-2.73%): 20/50-EMA breakdown pre-earnings; bearish tone—watch $100–115
Market Recap
CoreWeave closed $104.01, ~44% below its 52-wk high ($187.00), trading $100.02–105.35 on ~25M shares (below ~29M avg).
Drivers:
(1) Pre-earnings positioning (Nov 10 on your shot);
(2) rotation out of AI-infrastructure momentum after a multi-month run;
(3) weak risk appetite into macro/sector headlines.
Price is well under EMA20 $124.36 / EMA50 $124.07, confirming a short-term trend break.
Indicators & 1-week outlook
MACD lines remain below zero with a tentative uptick (-3.72 vs -4.14); RSI(14) 33.9 nears oversold; SAR sits above price, keeping downside pressure.
1-week view: bias sideways-to-down unless $112 is reclaimed quickly; hold of $100 could spark a relief bounce to $112–118; sustained closes > $124–126 reopen $135–140.
Key levels: Support $96–98 / $83; Resistance $112 / $118 / $124–126 / $153.27.
Valuation: P/E N/M (loss-making; EPS TTM negative) vs S&P500 ~25x; Street 1-yr target ~ $143.
Near-term target band: $112–118 if $100 holds; failure below $100 risks $96 → $90.
Risk & Disclaimer:
Highly volatile IPO-class name; headline/earnings gaps and AI-capex cycles can overwhelm signals. Technical commentary only, not investment advice.
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