SaaS capitulation deepens further — INTU RSI 21, WDAY RSI 20, NOW RSI 21, ZS RSI 19, CRM RSI 28, ADBE RSI 28. SHOP recovered to RSI 47 (+13% week). NET pulled back from RSI 53 to 45.
Quick Snapshot
| Signal |
Reading |
| Overall |
🔴 DEEP CAPITULATION — Most names still at extreme oversold. ZS/NOW/WDAY worst. SHOP bouncing. |
| Key insight |
ZS dropped further to RSI 19 (-15% week, -24% 30D). NOW/WDAY/INTU stuck at RSI 20-21. SHOP only one recovering. |
Action Matrix
| Action |
Stocks |
Why |
| ✅ STRONG BUY |
INTU |
RSI 21, tax monopoly, -16% below SMA |
| ✅ STRONG BUY |
WDAY |
RSI 20, enterprise HR/finance, -15% below SMA |
| ✅ STRONG BUY |
NOW |
RSI 21, IT workflow monopoly, -19% below SMA |
| ✅ STRONG BUY |
ZS |
RSI 19, cybersecurity leader, -18% below SMA |
| ✅ BUY |
CRM |
RSI 28, #1 CRM, -8% below SMA |
| ✅ BUY |
ADBE |
RSI 28, creative cloud + AI, -10% below SMA |
| 📈 ACCUMULATE |
SNOW |
RSI 39, below SMA — DCA opportunity |
| 🔍 WATCH |
OKTA |
RSI 37, recovering from RSI 28 |
| 🔍 WATCH |
SHOP |
RSI 47, bouncing +13% — momentum building |
| 🔒 HOLD |
CRWD |
RSI 46, at SMA |
| 🔍 WATCH |
DDOG |
RSI 40, below SMA |
| 🔍 WATCH |
NET |
RSI 45, pulled back from strength |
Data (Validated 2026-02-22)
| Stock |
Price |
7D |
30D |
52wkHi |
RSI |
SMA20 |
vs SMA |
Status |
Action |
| INTU |
$380.55 |
+0.3% |
-27.5% |
$804.44 |
21 |
$452.20 |
-15.8% |
🔴 Extreme capitulation |
✅ Strong Buy |
| WDAY |
$137.81 |
-2.0% |
-24.9% |
$274.71 |
20 |
$161.94 |
-14.9% |
🔴 Extreme capitulation |
✅ Strong Buy |
| NOW |
$102.63 |
-10.3% |
-31.0% |
$208.94 |
21 |
$127.36 |
-19.4% |
🔴 Extreme capitulation |
✅ Strong Buy |
| ZS |
$169.39 |
-14.8% |
-23.7% |
$336.27 |
19 |
$206.75 |
-18.1% |
🔴 Extreme capitulation |
✅ Strong Buy |
| CRM |
$185.16 |
+0.9% |
-16.4% |
$307.79 |
28 |
$200.92 |
-7.8% |
🔴 Deeply oversold |
✅ Buy |
| ADBE |
$269.39 |
-5.8% |
-19.8% |
$464.11 |
28 |
$300.08 |
-10.2% |
🔴 Deeply oversold |
✅ Buy |
| OKTA |
$81.64 |
-11.0% |
-6.9% |
$127.30 |
37 |
$90.26 |
-9.6% |
🔴 Oversold |
🔍 Watch |
| SNOW |
$172.50 |
-0.2% |
-16.5% |
$277.14 |
39 |
$184.68 |
-6.6% |
🔴 Below SMA |
📈 Accumulate |
| DDOG |
$115.66 |
-4.1% |
-6.3% |
$199.72 |
40 |
$124.44 |
-7.1% |
🟡 Below SMA |
🔍 Watch |
| CRWD |
$429.64 |
+8.3% |
-6.7% |
$557.53 |
46 |
$433.80 |
-1.0% |
🟡 At SMA |
🔒 Hold |
| NET |
$177.14 |
-7.2% |
+4.2% |
$253.30 |
45 |
$182.31 |
-2.8% |
🟡 Below SMA |
🔍 Watch |
| SHOP |
$126.20 |
+13.3% |
-8.9% |
$179.01 |
47 |
$124.36 |
+1.5% |
🟡 Bouncing |
🔍 Watch |
Key Changes vs 02/16
| Stock |
02/16 Price |
02/22 Price |
Move |
RSI Change |
Note |
| ZS |
$169.39 |
$169.39 |
-14.8% wk |
23→19 |
Deepened further |
| NOW |
$102.63 |
$102.63 |
-10.3% wk |
24→21 |
Still at floor |
| SHOP |
$112.70 |
$126.20 |
+12.0% |
35→47 |
Bouncing — relative strength |
| NET |
$195.85 |
$177.14 |
-9.6% |
53→45 |
Lost leadership |
| OKTA |
$81.64 |
$81.64 |
-11% wk |
28→37 |
Slight improvement |
| CRWD |
$429.64 |
$429.64 |
+8.3% wk |
39→46 |
Recovering |
| INTU |
$399.40 |
$380.55 |
-4.7% |
11→21 |
Still deep value |
| WDAY |
$144.42 |
$137.81 |
-4.6% |
20→20 |
No improvement |
Key Discoveries
| Discovery |
Implication |
| ZS dropped -14.8% in a single week to RSI 19 |
Capitulation accelerating — could be final flush |
| SHOP +13% while sector collapses |
Relative strength signal — earnings catalyst? |
| NET lost leadership, now below SMA |
Even the sector leader is cracking |
Mistakes (Don't Repeat)
| Mistake |
Lesson |
| Buying SaaS "dips" too early |
Wait for RSI stabilization, not just low RSI |
Open Questions
- Is ZS RSI 19 the final flush or more pain ahead?
- What drove SHOP +13% against the trend?
- When does INTU/WDAY RSI 20-21 become actionable vs falling knife?