CRWV Faces Bearish Pressure: Short-term Downtrend Expected as Market Corrects

Step-by-step Analysis of CoreWeave, Inc. (CRWV) – Past Week Market Behavior

1. Trend Analysis:

• Long-term Trend Motion: Looking at the past week's daily data, CRWV has shown significant volatility with abrupt upward and downward movements. Starting from $39 on Mar 28 and reaching as high as $64.62 on Apr 2 during the week, the trend indicates a sharp one-time upwards momentum followed by a substantial downward correction.
• Short-term Trend: From Apr 3 to Apr 4, the stock faced a steep decline from $61.36 to a closing price of $47.82 on Apr 4. This indicates a pronounced bearish trend in the short term.

2. Volume Analysis:

• High volumes were traded especially on Apr 2 with 52 million shares exchanged, supporting the price highs observed that day. High volume accompanying high price often indicates strong buying interest during that time.
• The subsequent days have seen diminished volumes, indicating possibly less enthusiasm amongst investors as the price declines significantly.

3. Candlestick Patterns & Price Movements:

• Bullish Spikes: The massive leap from the close of Apr 1 ($52.57) to the high on Apr 2 ($64.62), followed by a closing significantly lower, suggests possible speculative trading or news-driven spike.
• Bearish Engulfing Pattern: On Apr 3, following the high of Apr 2, there was a massive sell-off. The high was at the start of Apr 3 ($57.64) with a lower close, suggesting bearish stepping in which was confirmed with the price falling through Apr 4.

4. Support and Resistance:

• Support: There appears to be a short-term support level around the range of $46, where the price traded multiple times during Apr 4's session.
• Resistance: The discovered resistance is near the $50-$52 range, previously acting as support and now possibly acting as resistance because the bounce off from $46 closed below $48.

5. Relative Strength Index (RSI):

While specific RSI values aren't available from direct observation, the rapid decline from the highs suggests an overbought condition was rapidly corrected into a potentially oversold situation, indicating a lack of buyer conviction.

Conclusion & Forecast

Combining the volatile spikes, sharp declines, and reduced volumes, the immediate short-term outlook appears bearish, particularly given the rapid and significant price corrections. The market is evidently fearful of another sharp decline since the last support levels have been broken without sustained recovery during the observed period.

In the coming hours, we expect further downward pressure due to existing bearish market sentiment with potential minor retracement to test broken support levels as resistance.