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CFGI Sentiment Reports · 15 quarters on record since 5 Jan 2023 · updated daily, as of 8 Sep 2026

Strategy Quarterly Sentiment Reports

Every quarter of Strategy (MSTR) sentiment since 5 Jan 2023, newest first. Each quarter lists its price performance, high, low and average, its sentiment high, low and average, its most volatile day for each, the chart of the whole quarter, the 10 sub-algorithm averages and a short summary. Q3 2026 is the running quarter: an average of 55 (Neutral).

Strategy sentiment at a glance

Quarters on record
15, since 5 Jan 2023
Average sentiment, all closed quarters
55 of 100 (Neutral)
Greediest quarter
Q4 2023, average 67 (Greed)
Most fearful quarter
Q4 2025, average 42 (Neutral)
Best quarter for the MSTR price
Q1 2024, +148.8%
Worst quarter for the MSTR price
Q4 2025, -55.1%
Running quarter
Q3 2026, average 55 (Neutral), MSTR price +48.3%

Updated daily; last reading . Every number is computed from CFGI's stored daily readings.

Every quarter at a glance: average sentiment and price performance
YearQ1Q2Q3Q4
2026-20.6%52-29.2%49+48.3%55-
2025-3.9%52+32.1%60-13.7%52-55.1%42
2024+148.8%62-15.8%50+23.4%51+78.0%63
2023+86.7%61+15.1%52-13.1%51+91.7%67

Strategy Q3 2026 Sentiment Report

to In progress, updates daily
Q3 2026 price and sentiment facts
Performance+48.3%1 Jul 2026 to 8 Sep 2026
Price high$144.823 Sep 2026
Price low$91.6724 Jul 2026
Average price$105.49
Sentiment high78Greed24 Aug 2026
Sentiment low37Fear9 Jul 2026
Average sentiment55Neutral
Most volatile day (price)+17.6%3 Sep 2026
Most volatile day (sentiment)-17 points (54 to 37)9 Jul 2026

47 scored trading days of 50. Price is the MSTR price; performance is the first to the last scored day.

Q3 2026 sub-algorithms

Average of each of the 10 CFGI components over the scored trading days of Q3 2026, in its own band colour.

  • Price50
  • Volatility56
  • Volume61
  • Momentum55
  • Technical44
  • Social51
  • Dominance63
  • Trends47
  • Whales76
  • Orders72

Q3 2026 in brief

Strategy is averaging 55 of 100 (Neutral) across 47 scored trading days in Q3 2026, opening at 43 on 1 Jul 2026 and reading 68 on 8 Sep 2026. Sentiment ran from 37 (Fear) on 9 Jul 2026 to 78 (Greed) on 24 Aug 2026. The MSTR price moved +48.3% from $93.39 to $138.50, with its biggest single-day move of +17.6% on 3 Sep 2026. The quarter is still open and updates daily.

Strategy Q2 2026 Sentiment Report

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Q2 2026 price and sentiment facts
Performance-29.2%1 Apr 2026 to 30 Jun 2026
Price high$195.9411 May 2026
Price low$82.3126 Jun 2026
Average price$145.16
Sentiment high78Greed20 Apr 2026
Sentiment low24Fear26 Jun 2026
Average sentiment49Neutral
Most volatile day (price)+12.6%29 Jun 2026
Most volatile day (sentiment)-10 points (63 to 53)13 May 2026

62 scored trading days of 65. Price is the MSTR price; performance is the first to the last scored day.

Q2 2026 sub-algorithms

Average of each of the 10 CFGI components over the scored trading days of Q2 2026, in its own band colour.

  • Price48
  • Volatility46
  • Volume44
  • Momentum47
  • Technical43
  • Socialn/a
  • Dominance48
  • Trends95
  • Whales39
  • Orders35

Q2 2026 in brief

Strategy averaged 49 of 100 (Neutral) across 62 scored trading days in Q2 2026, opening at 45 on 1 Apr 2026 and closing at 27 on 30 Jun 2026. Sentiment ran from 24 (Fear) on 26 Jun 2026 to 78 (Greed) on 20 Apr 2026. The MSTR price moved -29.2% from $122.78 to $86.93, with its biggest single-day move of +12.6% on 29 Jun 2026.

Strategy Q1 2026 Sentiment Report

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Q1 2026 price and sentiment facts
Performance-20.6%2 Jan 2026 to 31 Mar 2026
Price high$179.3314 Jan 2026
Price low$106.995 Feb 2026
Average price$142.95
Sentiment high67Greed14 Jan 2026
Sentiment low26Fear5 Feb 2026
Average sentiment52Neutral
Most volatile day (price)+26.1%6 Feb 2026
Most volatile day (sentiment)-17 points (60 to 43)20 Jan 2026

61 scored trading days of 64. Price is the MSTR price; performance is the first to the last scored day.

Q1 2026 sub-algorithms

Average of each of the 10 CFGI components over the scored trading days of Q1 2026, in its own band colour.

  • Price45
  • Volatility49
  • Volume50
  • Momentum48
  • Technical38
  • Socialn/a
  • Dominance49
  • Trends99
  • Whales84
  • Orders47

Q1 2026 in brief

Strategy averaged 52 of 100 (Neutral) across 61 scored trading days in Q1 2026, opening at 40 on 2 Jan 2026 and closing at 44 on 31 Mar 2026. Sentiment ran from 26 (Fear) on 5 Feb 2026 to 67 (Greed) on 14 Jan 2026. The MSTR price moved -20.6% from $157.16 to $124.80, with its biggest single-day move of +26.1% on 6 Feb 2026.

Strategy Q4 2025 Sentiment Report

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Q4 2025 price and sentiment facts
Performance-55.1%1 Oct 2025 to 31 Dec 2025
Price high$359.696 Oct 2025
Price low$151.9531 Dec 2025
Average price$230.22
Sentiment high73Greed3 Oct 2025
Sentiment low25Fear21 Nov 2025
Average sentiment42Neutral
Most volatile day (price)-9.8%19 Nov 2025
Most volatile day (sentiment)-24 points (72 to 48)7 Oct 2025

64 scored trading days of 66. Price is the MSTR price; performance is the first to the last scored day.

Q4 2025 sub-algorithms

Average of each of the 10 CFGI components over the scored trading days of Q4 2025, in its own band colour.

  • Price36
  • Volatility36
  • Volume38
  • Momentum39
  • Technical38
  • Socialn/a
  • Dominance58
  • Trends93
  • Whales72
  • Orders22

Q4 2025 in brief

Strategy averaged 42 of 100 (Neutral) across 64 scored trading days in Q4 2025, opening at 68 on 1 Oct 2025 and closing at 37 on 31 Dec 2025. Sentiment ran from 25 (Fear) on 21 Nov 2025 to 73 (Greed) on 3 Oct 2025. The MSTR price moved -55.1% from $338.41 to $151.95, with its biggest single-day move of -9.8% on 19 Nov 2025.

Strategy Q3 2025 Sentiment Report

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Q3 2025 price and sentiment facts
Performance-13.7%1 Jul 2025 to 30 Sep 2025
Price high$455.9016 Jul 2025
Price low$300.7025 Sep 2025
Average price$371.01
Sentiment high81Extreme Greed14 Jul 2025
Sentiment low32Fear19 Aug 2025
Average sentiment52Neutral
Most volatile day (price)-8.8%1 Aug 2025
Most volatile day (sentiment)+20 points (35 to 55)22 Aug 2025

64 scored trading days of 66. Price is the MSTR price; performance is the first to the last scored day.

Q3 2025 sub-algorithms

Average of each of the 10 CFGI components over the scored trading days of Q3 2025, in its own band colour.

  • Price46
  • Volatility47
  • Volume48
  • Momentum45
  • Technical46
  • Socialn/a
  • Dominance77
  • Trends96
  • Whales77
  • Orders29

Q3 2025 in brief

Strategy averaged 52 of 100 (Neutral) across 64 scored trading days in Q3 2025, opening at 48 on 1 Jul 2025 and closing at 57 on 30 Sep 2025. Sentiment ran from 32 (Fear) on 19 Aug 2025 to 81 (Extreme Greed) on 14 Jul 2025. The MSTR price moved -13.7% from $373.30 to $322.21, with its biggest single-day move of -8.8% on 1 Aug 2025.

Strategy Q2 2025 Sentiment Report

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Q2 2025 price and sentiment facts
Performance+32.1%1 Apr 2025 to 30 Jun 2025
Price high$421.6113 May 2025
Price low$237.958 Apr 2025
Average price$364.26
Sentiment high80Extreme Greed9 May 2025
Sentiment low28Fear8 Apr 2025
Average sentiment60Greed
Most volatile day (price)+24.8%9 Apr 2025
Most volatile day (sentiment)+29 points (45 to 74)11 Apr 2025

62 scored trading days of 65. Price is the MSTR price; performance is the first to the last scored day.

Q2 2025 sub-algorithms

Average of each of the 10 CFGI components over the scored trading days of Q2 2025, in its own band colour.

  • Price55
  • Volatility57
  • Volume56
  • Momentum56
  • Technical60
  • Socialn/a
  • Dominance86
  • Trends81
  • Whales49
  • Orders52

Q2 2025 in brief

Strategy averaged 60 of 100 (Greed) across 62 scored trading days in Q2 2025, opening at 41 on 1 Apr 2025 and closing at 68 on 30 Jun 2025. Sentiment ran from 28 (Fear) on 8 Apr 2025 to 80 (Extreme Greed) on 9 May 2025. The MSTR price moved +32.1% from $306.02 to $404.23, with its biggest single-day move of +24.8% on 9 Apr 2025.

Strategy Q1 2025 Sentiment Report

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Q1 2025 price and sentiment facts
Performance-3.9%2 Jan 2025 to 31 Mar 2025
Price high$396.5017 Jan 2025
Price low$239.2710 Mar 2025
Average price$317.51
Sentiment high79Greed17 Jan 2025
Sentiment low26Fear2 Jan 2025
Average sentiment52Neutral
Most volatile day (price)-16.7%10 Mar 2025
Most volatile day (sentiment)-38 points (69 to 31)10 Mar 2025

60 scored trading days of 64. Price is the MSTR price; performance is the first to the last scored day.

Q1 2025 sub-algorithms

Average of each of the 10 CFGI components over the scored trading days of Q1 2025, in its own band colour.

  • Price47
  • Volatility49
  • Volume50
  • Momentum49
  • Technical50
  • Socialn/a
  • Dominance87
  • Trends80
  • Whales69
  • Orders29

Q1 2025 in brief

Strategy averaged 52 of 100 (Neutral) across 60 scored trading days in Q1 2025, opening at 26 on 2 Jan 2025 and closing at 33 on 31 Mar 2025. Sentiment ran from 26 (Fear) on 2 Jan 2025 to 79 (Greed) on 17 Jan 2025. The MSTR price moved -3.9% from $300.01 to $288.27, with its biggest single-day move of -16.7% on 10 Mar 2025.

Strategy Q4 2024 Sentiment Report

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Q4 2024 price and sentiment facts
Performance+78.0%1 Oct 2024 to 31 Dec 2024
Price high$473.8320 Nov 2024
Price low$162.691 Oct 2024
Average price$300.91
Sentiment high92Extreme Greed20 Nov 2024
Sentiment low25Fear31 Dec 2024
Average sentiment63Greed
Most volatile day (price)+25.7%11 Nov 2024
Most volatile day (sentiment)-42 points (77 to 35)25 Nov 2024

64 scored trading days of 66. Price is the MSTR price; performance is the first to the last scored day.

Q4 2024 sub-algorithms

Average of each of the 10 CFGI components over the scored trading days of Q4 2024, in its own band colour.

  • Price63
  • Volatility59
  • Volume58
  • Momentum59
  • Technical64
  • Socialn/a
  • Dominance93
  • Trends64
  • Whalesn/a
  • Orders56

Q4 2024 in brief

Strategy averaged 63 of 100 (Greed) across 64 scored trading days in Q4 2024, opening at 68 on 1 Oct 2024 and closing at 25 on 31 Dec 2024. Sentiment ran from 25 (Fear) on 31 Dec 2024 to 92 (Extreme Greed) on 20 Nov 2024. The MSTR price moved +78.0% from $162.69 to $289.62, with its biggest single-day move of +25.7% on 11 Nov 2024.

Strategy Q3 2024 Sentiment Report

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Q3 2024 price and sentiment facts
Performance+23.4%1 Jul 2024 to 30 Sep 2024
Price high$180.0122 Jul 2024
Price low$114.306 Sep 2024
Average price$142.97
Sentiment high82Extreme Greed27 Sep 2024
Sentiment low23Fear5 Aug 2024
Average sentiment51Neutral
Most volatile day (price)+15.4%15 Jul 2024
Most volatile day (sentiment)-22 points (62 to 40)28 Aug 2024

64 scored trading days of 66. Price is the MSTR price; performance is the first to the last scored day.

Q3 2024 sub-algorithms

Average of each of the 10 CFGI components over the scored trading days of Q3 2024, in its own band colour.

  • Price50
  • Volatility51
  • Volume51
  • Momentum52
  • Technical52
  • Socialn/a
  • Dominance78
  • Trends42
  • Whalesn/a
  • Orders42

Q3 2024 in brief

Strategy averaged 51 of 100 (Neutral) across 64 scored trading days in Q3 2024, opening at 35 on 1 Jul 2024 and closing at 79 on 30 Sep 2024. Sentiment ran from 23 (Fear) on 5 Aug 2024 to 82 (Extreme Greed) on 27 Sep 2024. The MSTR price moved +23.4% from $136.60 to $168.60, with its biggest single-day move of +15.4% on 15 Jul 2024.

Strategy Q2 2024 Sentiment Report

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Q2 2024 price and sentiment facts
Performance-15.8%1 Apr 2024 to 28 Jun 2024
Price high$172.7220 May 2024
Price low$102.831 May 2024
Average price$144.09
Sentiment high80Extreme Greed20 May 2024
Sentiment low25Fear1 May 2024
Average sentiment50Neutral
Most volatile day (price)-17.6%30 Apr 2024
Most volatile day (sentiment)+30 points (35 to 65)10 Apr 2024

63 scored trading days of 65. Price is the MSTR price; performance is the first to the last scored day.

Q2 2024 sub-algorithms

Average of each of the 10 CFGI components over the scored trading days of Q2 2024, in its own band colour.

  • Price51
  • Volatility43
  • Volume43
  • Momentum45
  • Technical56
  • Socialn/a
  • Dominance86
  • Trends45
  • Whalesn/a
  • Orders39

Q2 2024 in brief

Strategy averaged 50 of 100 (Neutral) across 63 scored trading days in Q2 2024, opening at 35 on 1 Apr 2024 and closing at 37 on 28 Jun 2024. Sentiment ran from 25 (Fear) on 1 May 2024 to 80 (Extreme Greed) on 20 May 2024. The MSTR price moved -15.8% from $163.67 to $137.75, with its biggest single-day move of -17.6% on 30 Apr 2024.

Strategy Q1 2024 Sentiment Report

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Q1 2024 price and sentiment facts
Performance+148.8%2 Jan 2024 to 28 Mar 2024
Price high$191.9227 Mar 2024
Price low$45.0223 Jan 2024
Average price$91.17
Sentiment high92Extreme Greed4 Mar 2024
Sentiment low20Fear16 Jan 2024
Average sentiment62Greed
Most volatile day (price)+23.6%4 Mar 2024
Most volatile day (sentiment)-47 points (88 to 41)18 Mar 2024

61 scored trading days of 65. Price is the MSTR price; performance is the first to the last scored day.

Q1 2024 sub-algorithms

Average of each of the 10 CFGI components over the scored trading days of Q1 2024, in its own band colour.

  • Price59
  • Volatility59
  • Volume57
  • Momentum59
  • Technical61
  • Socialn/a
  • Dominance89
  • Trends75
  • Whalesn/a
  • Orders53

Q1 2024 in brief

Strategy averaged 62 of 100 (Greed) across 61 scored trading days in Q1 2024, opening at 73 on 2 Jan 2024 and closing at 72 on 28 Mar 2024. Sentiment ran from 20 (Fear) on 16 Jan 2024 to 92 (Extreme Greed) on 4 Mar 2024. The MSTR price moved +148.8% from $68.52 to $170.46, with its biggest single-day move of +23.6% on 4 Mar 2024.

Strategy Q4 2023 Sentiment Report

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Q4 2023 price and sentiment facts
Performance+91.7%2 Oct 2023 to 29 Dec 2023
Price high$67.0727 Dec 2023
Price low$31.133 Oct 2023
Average price$47.40
Sentiment high88Extreme Greed25 Oct 2023
Sentiment low39Fear13 Oct 2023
Average sentiment67Greed
Most volatile day (price)+12.6%24 Oct 2023
Most volatile day (sentiment)-21 points (78 to 57)11 Dec 2023

63 scored trading days of 65. Price is the MSTR price; performance is the first to the last scored day.

Q4 2023 sub-algorithms

Average of each of the 10 CFGI components over the scored trading days of Q4 2023, in its own band colour.

  • Price64
  • Volatility63
  • Volume64
  • Momentum65
  • Technical62
  • Socialn/a
  • Dominance84
  • Trends64
  • Whalesn/a
  • Orders65

Q4 2023 in brief

Strategy averaged 67 of 100 (Greed) across 63 scored trading days in Q4 2023, opening at 52 on 2 Oct 2023 and closing at 73 on 29 Dec 2023. Sentiment ran from 39 (Fear) on 13 Oct 2023 to 88 (Extreme Greed) on 25 Oct 2023. The MSTR price moved +91.7% from $32.95 to $63.16, with its biggest single-day move of +12.6% on 24 Oct 2023.

Strategy Q3 2023 Sentiment Report

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Q3 2023 price and sentiment facts
Performance-13.1%3 Jul 2023 to 29 Sep 2023
Price high$46.1813 Jul 2023
Price low$31.5627 Sep 2023
Average price$37.65
Sentiment high85Extreme Greed14 Jul 2023
Sentiment low23Fear18 Aug 2023
Average sentiment51Neutral
Most volatile day (price)+11.7%13 Jul 2023
Most volatile day (sentiment)+25 points (42 to 67)29 Aug 2023

63 scored trading days of 65. Price is the MSTR price; performance is the first to the last scored day.

Q3 2023 sub-algorithms

Average of each of the 10 CFGI components over the scored trading days of Q3 2023, in its own band colour.

  • Price52
  • Volatility49
  • Volume50
  • Momentum49
  • Technical45
  • Socialn/a
  • Dominance73
  • Trends41
  • Whalesn/a
  • Orders44

Q3 2023 in brief

Strategy averaged 51 of 100 (Neutral) across 63 scored trading days in Q3 2023, opening at 77 on 3 Jul 2023 and closing at 47 on 29 Sep 2023. Sentiment ran from 23 (Fear) on 18 Aug 2023 to 85 (Extreme Greed) on 14 Jul 2023. The MSTR price moved -13.1% from $37.78 to $32.83, with its biggest single-day move of +11.7% on 13 Jul 2023.

Strategy Q2 2023 Sentiment Report

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Q2 2023 price and sentiment facts
Performance+15.1%3 Apr 2023 to 30 Jun 2023
Price high$34.2430 Jun 2023
Price low$27.1012 May 2023
Average price$30.31
Sentiment high76Greed11 Apr 2023
Sentiment low31Fear15 May 2023
Average sentiment52Neutral
Most volatile day (price)-9.8%8 May 2023
Most volatile day (sentiment)-24 points (68 to 44)26 Jun 2023

62 scored trading days of 65. Price is the MSTR price; performance is the first to the last scored day.

Q2 2023 sub-algorithms

Average of each of the 10 CFGI components over the scored trading days of Q2 2023, in its own band colour.

  • Price54
  • Volatility50
  • Volume48
  • Momentum53
  • Technical53
  • Socialn/a
  • Dominance70
  • Trends29
  • Whalesn/a
  • Orders55

Q2 2023 in brief

Strategy averaged 52 of 100 (Neutral) across 62 scored trading days in Q2 2023, opening at 72 on 3 Apr 2023 and closing at 66 on 30 Jun 2023. Sentiment ran from 31 (Fear) on 15 May 2023 to 76 (Greed) on 11 Apr 2023. The MSTR price moved +15.1% from $29.74 to $34.24, with its biggest single-day move of -9.8% on 8 May 2023.

Strategy Q1 2023 Sentiment Report

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Q1 2023 price and sentiment facts
Performance+86.7%5 Jan 2023 to 31 Mar 2023
Price high$29.8415 Feb 2023
Price low$15.665 Jan 2023
Average price$24.70
Sentiment high91Extreme Greed17 Jan 2023
Sentiment low22Fear10 Mar 2023
Average sentiment61Greed
Most volatile day (price)+16.3%13 Mar 2023
Most volatile day (sentiment)-28 points (74 to 46)21 Feb 2023

60 scored trading days of 65. Price is the MSTR price; performance is the first to the last scored day.

Q1 2023 sub-algorithms

Average of each of the 10 CFGI components over the scored trading days of Q1 2023, in its own band colour.

  • Price58
  • Volatility58
  • Volume58
  • Momentum55
  • Technical52
  • Socialn/a
  • Dominance64
  • Trends70
  • Whalesn/a
  • Orders32

Q1 2023 in brief

Strategy averaged 61 of 100 (Greed) across 60 scored trading days in Q1 2023, opening at 84 on 5 Jan 2023 and closing at 77 on 31 Mar 2023. Sentiment ran from 22 (Fear) on 10 Mar 2023 to 91 (Extreme Greed) on 17 Jan 2023. The MSTR price moved +86.7% from $15.66 to $29.23, with its biggest single-day move of +16.3% on 13 Mar 2023.

How these reports are built

Each quarter is computed from CFGI's stored daily readings of the Fear and Greed Index: the last 1d reading of every UTC day in the window, its 10 components and the stored daily MSTR price. Averages are over scored trading days only. A running quarter updates with every data cycle; a closed quarter is final. Cite as: CFGI, Strategy Quarterly Sentiment Reports, cfgi.io, 8 Sep 2026, https://cfgi.io/strategy-stock-quarterly-report/.

Frequently asked questions

Where do these Strategy quarterly reports come from?
From CFGI's own stored daily readings: the last 1d Fear and Greed reading of each UTC day, its 10 components and the stored daily MSTR price. Every number is computed from those rows and nothing is written by a model. A running quarter updates daily; a closed quarter never changes.
What is the most volatile day?
For price, the day with the largest move against the previous scored day, in percent. For sentiment, the day with the largest move in index points. Both are signed, so a fall shows as a minus.
How does a quarter get a Partial record tag?
A closed quarter with fewer than half its trading days scored. The numbers are still real; they just cover less of the quarter.
Where are the monthly reports?
On the Strategy Monthly Sentiment Reports page, built the same way from the same readings.

CFGI is a sentiment gauge, not financial advice. It does not predict price or tell users when to trade. These reports describe what the crowd did; they are a mirror of the crowd, not a forecast.

About CFGI

The per-asset sentiment record.

CFGI is a market sentiment data company that scores crowd emotion from 0 to 100 across crypto and stock markets. Crypto readings cover the whole market and hundreds of individual assets across 15-minute, 1-hour, 4-hour and daily views. The stock index gives a live daily reading for wider stock market sentiment.

Every CFGI score is built from 10 indicators: price, volatility, volume, impulse, technical analysis, social media, dominance, search interest, whale movements and order book pressure. The same data powers our API, alerts and embeddable widgets.