SALESFORCE INC (CRM) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CRM - US79466L3024 - Common Stock
Overall CRM gets a technical rating of 0 out of 10. 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.
CRM has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 230.10, a Stop Loss order could be placed below this zone.
More info and screens
223.11
We found 1 important support area.
- A support zone ranging from 225.36 to 230.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 3 important resistance areas.
- Resistance @249.60 from a trend line in the weekly time frame.
- A resistance zone ranging from 255.96 to 263.42. This zone is formed by a combination of multiple trend lines 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 | 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 | 15.45 | NEGATIVE | CRM has a low relative strength, it was outperformed by 84.55% 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) | 46.25 | NEUTRAL | The RSI value for CRM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests CRM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 40.55 | NEUTRAL | The Stochastics value for CRM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.98 | MEDIUM VOLATILITY | The ATR as a percentage value for CRM suggests some volalility. |
| Average Directional Index/ADX (14) | 21.09 | NEUTRAL | The ADX value for CRM suggests a possible start of a new trend. |
234.71
+1.88 (+0.81%)
SALESFORCE INC / CRM FAQ
What is the ChartMill technical rating of SALESFORCE INC (CRM) stock?
ChartMill assigns a technical rating of 0 / 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 46.2534. 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 -0.0457909, indicating a bearish trend.
Can you provide the buy/sell signal for SALESFORCE INC?
The buy/sell signal for SALESFORCE INC (CRM) is sell as both the short term and long term trends are negative.