SALESFORCE INC (CRM) Stock Technical Analysis
NYSE:CRM - New York Stock Exchange, Inc. - US79466L3024 - Common Stock - Currency: USD
Taking everything into account, CRM scores 2 out of 10 in our technical rating. 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.
CRM has an average volume of 7863310 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 40% of them, which is more or less in line with the market.
CRM is an average performer in the Software industry, it outperforms 47% of 282 stocks in the same industry.
In the last month CRM has a been trading in the 254.52 - 276.80 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
233.89
294.07
4 important support areas can be observed.
- A support zone ranging from 258.40 to 266.96. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @250.19 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.
When analyzing the resistance we notice 2 important 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 | 40.11 | 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) | 54.79 | NEUTRAL | The RSI value for CRM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.78 | POSITIVE | The MACD value suggests CRM has a positive trend. |
| Stochastics (14,3) | 60.55 | NEUTRAL | The Stochastics value for CRM is a neutral value. |
| Average True Range in percent/ATR (20) | 1.88 | LOW VOLATILITY | The low ATR as a percentage value for CRM suggests low volalility. |
| Average Directional Index/ADX (14) | 12.76 | 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)
269.11
+1.41 (+0.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.53%
1 Week2.56%
2 Weeks4.28%
1 Month-0.6%
3 Month0.47%
6 Month-19.4%
12 Month2.44%
2 Year19.6%
3 Year46.24%
5 Year38.11%
10 Year267.14%
15 Year987.86%
Volatility
ATR(14)4.98
ATR(20)%1.88%
ATR Inc-25.96%
Range Today4.09
ADR(20)5
ADR(20)%1.86%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS40.11
Mansfield-1.5
10 Day High271.1
10 Day Low254.52
20 Day High276.8
20 Day Low254.52
52 Week High369
52 Week Low230
CS1 End266.96
CR1 Start274.51
Volume & EV
DER(3)2.19%
DER(5)2.45%
Volume4.02M
Volume Incr-29.98%
Vol(5)5.44M
Vol(50)7.86M