Clearwater Analytics Holdings Inc

CWAN remains in a Stage 2 advancing phase with an intact uptrend evidenced by higher highs and higher lows above rising EMAs, but price is currently churning around the 9- and 21-EMA cluster near mid-$24 resistance without clear momentum. Medium-term bias is bullish, supported by the HH+HL pattern and repaired moving averages, yet short-term timing is neutral; execution is deferred, stalking for a pullback into the rising EMA support zone for evidence of absorption before engaging.

• ↑Q3 2025 revenue rose 77% YoY to $205.1M; ARR reached $807.5M
• ↑Adjusted EBITDA of $70.7M (34.5% margin) highlights operational efficiency
• ↓Integration complexity risk remains despite early $20M synergy gains