Cloud SaaS Candidates

Update

Cloud SaaS Candidates

Cloud SaaS Candidates — April 3, 2026

Overview

SaaS bounced from extreme oversold but structural damage remains. CRWD led with +9.2% 7D (RSI 47.4) but still strong-down death cross. OKTA surged +9.4% 7D to RSI 52.6, +1.9% above SMA20 — the only name above SMA20. MDB +7.2% 7D (RSI 40.5) but still strong-down death cross. SNOW flat at -0.7% 7D, RSI 35.5, deeply oversold. ZS +6.0% 7D but RSI still 37.3, -6.8% below SMA20. NOW weakened further: RSI 38.3, -7.7% below SMA20. WDAY +7.0% 7D, TEAM +4.9% 7D — bounces within structural downtrends.

Candidates

Ticker Price RSI Trend 7D 30D Signal Take
OKTA $80.19 52.6 strong-down +9.4% +10.6% DC Only SaaS name above SMA20 (+1.9%). Death cross but price improving.
CRWD $399.12 47.4 strong-down +9.2% +2.0% DC Big bounce. -3.5% vs SMA20. Death cross. Bear rally, not reversal.
MDB $253.12 40.5 strong-down +7.2% +0.2% DC Bounced from capitulation zone. -2.2% vs SMA20. Death cross persists.
WDAY $132.26 43.9 strong-down +7.0% -7.9% DC Workday bounced. -1.4% vs SMA20. Death cross. -36.1% vs SMA200.
DDOG $120.36 48.0 strong-down +5.6% +7.7% DC Recovering. -3.1% vs SMA20. Death cross. Best RSI in cloud but still broken.
ZS $138.56 37.3 strong-down +6.0% -10.4% DC Approaching oversold. -6.8% vs SMA20. Death cross. -44.8% vs SMA200.
ADBE $242.92 39.8 strong-down +3.1% -10.4% DC Minor bounce. -3.8% vs SMA20. Death cross. -25.9% vs SMA200.
NOW $102.00 38.3 strong-down +3.4% -9.9% DC ServiceNow still weak. -7.7% vs SMA20. Death cross. -36.5% vs SMA200.
SNOW $151.85 35.5 strong-down -0.7% -8.4% DC Flat on the bounce week. -9.6% vs SMA20. Deeply oversold. Broken.
CRM $187.18 44.4 strong-down +3.9% -4.5% DC Salesforce. -2.3% vs SMA20. Death cross. No catalyst.
INTU $422.48 43.1 strong-down +1.5% -2.5% DC Intuit barely moved. -4.7% vs SMA20. Death cross.

Action Items

  • OKTA: Only cloud name above SMA20. +9.4% 7D is encouraging. Watch for trend upgrade from strong-down. If RSI holds 50+, interesting.
  • CRWD: +9.2% 7D bounce but -3.5% below SMA20 and death cross = bear rally. Don't chase.
  • MDB: RSI 40 improved from 35. Death cross now (was golden cross). The contrarian setup weakened.
  • SNOW: Couldn't bounce on a week when everything else did. Avoid.
  • NOW/ZS/ADBE: All deeply negative vs SMA200 (-25% to -44%). Need market regime change, not dip-buying.
  • DDOG: RSI 48 is the highest in cloud. -3.1% vs SMA20 is narrowing. Watch for SMA20 reclaim.

Key Changes vs 03/31

Ticker Price 03/31 Price 04/03 Move Note
CRWD $389.02 $399.12 +2.6% RSI 43 -> 47. Bounce but still broken.
OKTA — $80.19 +9.4% 7D New addition. Only name above SMA20.
MDB $243.16 $253.12 +4.1% RSI 35 -> 40. Lost golden cross — now death cross.
DDOG $118.11 $120.36 +1.9% RSI 45 -> 48. Slow recovery.
ADBE $242.26 $242.92 +0.3% Barely moved. Still deeply oversold.
SNOW $151.60 $151.85 +0.2% Flat. Couldn't bounce with the market.
NOW $104.67 $102.00 -2.6% Worse. RSI 41 -> 38. Weakening further.
10 events
DateTypeEvent
Mar 31 ScanTech Insider Buys Mar 31 ScanCloud ETFs Scan Apr 10 UpdateCloud SaaS Candidates Mar 31 ScanInsider Universe Mar 20 UpdateCloud SaaS Apr 10 ArticleDaily Actions Apr 10 ScanBargain Bin Scan Mar 13 UpdateCloud SaaS Mar 12 UpdateCloud SaaS Mar 12 ScanCloud ETFs Scan

No direct external sources are attached to this read.