SALESFORCE INC (CRM) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CRM - US79466L3024 - Common Stock
Overall CRM gets a technical rating of 7 out of 10. Although CRM is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, CRM also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 266.09. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
224.83
When analyzing the support we can see 3 important areas.
- A support zone ranging from 249.09 to 254.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 231.66 to 231.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @227.10 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 266.09 to 270.25. 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 | UP | POSITIVE | The long term trend for CRM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CRM is up. |
| ChartMill Relative Strength | 26.8 | NEGATIVE | CRM has a low relative strength, it was outperformed by 73.2% 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 | MIXED | The current price of CRM is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 65.33 | NEUTRAL | The RSI value for CRM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.92 | POSITIVE | The MACD value suggests CRM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.44 | OVERBOUGHT | The high Stochastics value suggests CRM may be overbought. |
| Average True Range in percent/ATR (20) | 2.32 | MEDIUM VOLATILITY | The ATR as a percentage value for CRM suggests some volalility. |
| Average Directional Index/ADX (14) | 32.46 | POSITIVE | The high ADX value value for CRM suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 270.26 | 252.10 | 18.16 (6.72%) | 14.88% |
| An entry @270.26. This is a Buy Stop order right above the resistance zone. | An exit @252.10. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 18.16 points, which is 6.72%. | When investing 14.88% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
266.08
+0.82 (+0.31%)
SALESFORCE INC / CRM FAQ
What is the ChartMill technical rating of SALESFORCE INC (CRM) stock?
ChartMill assigns a technical rating of 7 / 10 to CRM.
What is the current trend direction of SALESFORCE INC (CRM) stock?
The current trend direction for SALESFORCE INC (CRM) is Bullish.
Can you provide the RSI signal for SALESFORCE INC?
SALESFORCE INC (CRM) has an RSI value of 65.3251. 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 0.920978, indicating a bearish trend.
Can you provide the buy/sell signal for SALESFORCE INC?
The buy/sell signal for SALESFORCE INC (CRM) is buy as both the short term and long term trends are positive.