SALESFORCE INC (CRM) Stock Technical Analysis
NYSE:CRM - New York Stock Exchange, Inc. - US79466L3024 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to CRM. CRM scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
82% of all other stocks performed better in the past year than CRM.
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.
CRM has an average volume of 7548020 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CRM is an average performer in the Software industry, it outperforms 42% of 283 stocks in the same industry.
In the last month CRM has a been trading in the 226.48 - 274.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CRM has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
229.33
291.50
We found 2 important support areas.
- A support zone ranging from 239.77 to 240.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @231.65 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 257.92 to 259.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 273.66 to 274.51. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @288.61 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 | DOWN | NEGATIVE | The long term trend for CRM is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CRM is down. |
| ChartMill Relative Strength | 18.94 | NEGATIVE | CRM has a low relative strength, it was outperformed by 81.06% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CRM is below 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) | 44.97 | NEUTRAL | The RSI value for CRM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests CRM has a positive trend. |
| Stochastics (14,3) | 42.19 | NEUTRAL | The Stochastics value for CRM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.6 | MEDIUM VOLATILITY | The ATR as a percentage value for CRM suggests some volalility. |
| Average Directional Index/ADX (14) | 27.41 | POSITIVE | The high ADX value value for CRM suggests a strong 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)
246
+2.03 (+0.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.83%
1 Week6.19%
2 Weeks-0.6%
1 Month-6.67%
3 Month-9.93%
6 Month-20.59%
12 Month-6.82%
2 Year11.08%
3 Year57.57%
5 Year-9.77%
10 Year254.67%
15 Year795.52%
Volatility
ATR(14)7.11
ATR(20)%2.6%
ATR Inc-29.84%
Range Today5.06
ADR(20)6.23
ADR(20)%2.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.94
Mansfield-2.16
10 Day High253.01
10 Day Low226.48
20 Day High274
20 Day Low226.48
52 Week High369
52 Week Low226.48
CS1 End240.5
CR1 Start257.92
Volume & EV
DER(3)2.45%
DER(5)1.25%
Volume8.64M
Volume Incr44.19%
Vol(5)9.62M
Vol(50)7.55M