Strong Growth Stock Technical Setups. Analyze technical breakout patterns in stocks which are growing strongly while having decent profitability and health.


SALESFORCE INC

New York Stock Exchange, Inc. / Information Technology / Software

Technical Rating and Analysis

3

We assign a technical rating of 3 out of 10 to CRM. In the last year, CRM was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.

CRM is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
CRM is part of the Software industry. There are 277 other stocks in this industry. CRM outperforms 71% of them.
CRM has an average volume of 5181640 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
When comparing the yearly performance of all stocks, we notice that CRM is one of the better performing stocks in the market, outperforming 73% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
CRM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CRM is lagging the market.
In the last month CRM has a been trading in a tight range between 266.55 and 280.56.
Weekly and Daily overview Charts
CRM Weekly chart
CRM Daily chart
Setup Rating and Analysis

9

Although the technical rating is bad, CRM does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 276.55, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CRM in the last couple of days, which is a good sign.

  • Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
Support and Resistance Analysis

238.18

280.30

When analyzing the support we can see 2 important areas.

  • A support zone ranging from 268.68 to 276.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @240.59 from a trend line in the weekly time frame.

Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.95
Mansfield0.15
10 Day High279.94
10 Day Low266.55
20 Day High280.56
20 Day Low266.55
52 Week High318.71
52 Week Low193.68
Performance
1 Week0.69%
2 Weeks0.65%
1 Month1.69%
3 Month-4.21%
6 Month25.45%
12 Month31.93%
2 Year73.19%
3 Year16.56%
5 Year83.29%
10 Year427.3%
15 Year2825.11%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)1.36
RSI(14)46.18
LBB268.71
UBB280.42