CoreWeave Rallies 4%, Breaks $75 Resistance and Eyes Further Recovery
$CoreWeave, Inc.(CRWV)$
Surges +4.21%: AI Cloud Infrastructure Giant Breaks Through $75 Resistance Zone
Latest Close Data
CoreWeave closed at $74.29 on November 27th (ET), gaining +4.21% (+$3.00) from previous close of $71.29.
Stock trading 60.27% below its 52-week high of $187.00, showing significant recovery potential from oversold levels.
Core Market Drivers
AI infrastructure demand continues driving CoreWeave's specialized GPU cloud services growth.
Heavy trading volume of 28.79M shares reflects institutional accumulation as cloud computing sector benefits from enterprise AI adoption.
Recent capital flows show mixed patterns with $657.91M inflow on Nov 25th offsetting earlier outflows.
Technical Analysis
RSI(6) at 34.84 shows stock emerging from oversold territory, while RSI(12) at 28.90 indicates potential reversal momentum building.
MACD differential at -14.23 with decreasing bearish divergence suggests weakening downtrend.
KDJ indicator showing K-line at 31.04 crossing above D-line at 20.30, signaling bullish crossover formation.
Key Price Levels
Primary Support: $70.90 (November 25th low)
Strong Resistance: $74.90 (key breakout level)
Immediate Pivot: $76.60 (today's high)
Valuation Perspective
Current P/S ratio of 8.59x reflects premium valuation in AI infrastructure space.
Despite negative P/E of -32.06, forward-looking metrics show improving trajectory with specialized GPU services commanding higher margins than traditional cloud providers.
Analyst Targets
26 analysts coverage with average target price of $131.80 (77% upside potential).
Strong institutional backing: 5 Strong Buys, 10 Buys, 13 Holds, 3 Underperforms.
Target range spans $36-$234, indicating wide valuation dispersion but bullish consensus.
Weekly Outlook
Expect consolidation between $72-$77 range with potential breakout above $75 resistance targeting $80-$85 zone.
Volume confirmation needed above 30M shares for sustained upward momentum. Watch for GPU demand updates and enterprise AI contract announcements.
Risk Disclaimer
This analysis is for informational purposes only and not investment advice. Past performance doesn't guarantee future results. Please conduct your own research and consult financial advisors before making investment decisions.
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