SALESFORCE INC (CRM) Stock Technical Analysis
NYSE:CRM - New York Stock Exchange, Inc. - US79466L3024 - Common Stock - Currency: USD
Overall CRM gets a technical rating of 2 out of 10. CRM has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
CRM is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month CRM has a been trading in the 254.52 - 276.80 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
CRM has an average volume of 7805650 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
When compared to the yearly performance of all other stocks, CRM outperforms 45% of them, which is more or less in line with the market.
CRM is an average performer in the Software industry, it outperforms 48% of 281 stocks in the same industry.
CRM has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 265.73, a Stop Loss order could be placed below this zone.
More info and screens
233.89
294.07
4 important support areas can be observed.
- A support zone ranging from 258.40 to 265.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @250.78 from a trend line in the weekly time frame.
- A support zone ranging from 240.75 to 243.97. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @236.25 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @274.51 from a horizontal line in the daily time frame.
- A resistance zone ranging from 288.61 to 291.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | DOWN | NEGATIVE | The long term trend for CRM is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CRM is up. |
| ChartMill Relative Strength | 45.97 | NEUTRAL | CRM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CRM is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CRM is below a declining 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) | 51.63 | NEUTRAL | The RSI value for CRM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.91 | POSITIVE | The MACD value suggests CRM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68.77 | NEUTRAL | The Stochastics value for CRM is a neutral value. |
| Average True Range in percent/ATR (20) | 1.89 | LOW VOLATILITY | The low ATR as a percentage value for CRM suggests low volalility. |
| Average Directional Index/ADX (14) | 13.13 | NEGATIVE | The low ADX value for CRM suggests a weak or negative trend. |
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)
267.39
-2.86 (-1.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-1.06%
1 Week1.44%
2 Weeks3.81%
1 Month-1.94%
3 Month-2.8%
6 Month-21.75%
12 Month9.6%
2 Year18.83%
3 Year45.3%
5 Year37.23%
10 Year264.79%
15 Year980.91%
Volatility
ATR(14)4.78
ATR(20)%1.89%
ATR Inc4.87%
Range Today6.69
ADR(20)4.99
ADR(20)%1.87%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS45.97
Mansfield-1.52
10 Day High274
10 Day Low254.52
20 Day High276.8
20 Day Low254.52
52 Week High369
52 Week Low230
CS1 End265.73
CR1 Start274.51
Volume & EV
DER(3)-0.54%
DER(5)1.45%
Volume5.14M
Volume Incr-30.57%
Vol(5)5.04M
Vol(50)7.81M