SALESFORCE INC (CRM) Stock Technical Analysis
USA - NYSE:CRM - US79466L3024 - Common Stock
We assign a technical rating of 5 out of 10 to CRM. In the past year, CRM was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
Although the technical rating is only medium, CRM does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 249.65, a Stop Loss order could be placed below this zone.
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229.33
We found 3 important support areas.
- A support zone ranging from 240.35 to 249.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @236.26 from a horizontal line in the daily time frame.
- Support @231.65 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 253.45 to 263.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @270.25 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for CRM is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CRM is up. |
| ChartMill Relative Strength | 20.58 | NEGATIVE | CRM has a low relative strength, it was outperformed by 79.42% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CRM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CRM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CRM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.54 | NEUTRAL | The RSI value for CRM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.84 | POSITIVE | The MACD value suggests CRM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 57.2 | NEUTRAL | The Stochastics value for CRM is a neutral value. |
| Average True Range in percent/ATR (20) | 3.25 | MEDIUM VOLATILITY | The ATR as a percentage value for CRM suggests some volalility. |
| Average Directional Index/ADX (14) | 25.51 | POSITIVE | The high ADX value value for CRM suggests a strong trend. |
251.46
-2.8 (-1.1%)
SALESFORCE INC / CRM FAQ
What is the ChartMill technical rating of SALESFORCE INC (CRM) stock?
ChartMill assigns a technical rating of 5 / 10 to CRM.
What is the current trend direction of SALESFORCE INC (CRM) stock?
The current trend direction for SALESFORCE INC (CRM) is Bearish.
Can you provide the RSI signal for SALESFORCE INC?
SALESFORCE INC (CRM) has an RSI value of 52.5374. This indicates that the stock is currently neutral.
What is the MACD signal for SALESFORCE INC (CRM) stock?
The MACD indicator for SALESFORCE INC (CRM) has a value of 0.840989, indicating a bearish trend.