SALESFORCE INC (CRM) Stock Technical Analysis
NYSE:CRM • US79466L3024
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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 90% of all other stocks performed better in the past year than CRM.
- CRM is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month CRM has a been trading in the 180.24 - 235.74 range, which is quite wide. It is currently trading near the lows of this range.
- CRM has an average volume of 10047800 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 44% of 276 stocks in the same industry.
The technical rating of CRM is bad and it also does not present a quality setup 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
183.31
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 188.63 to 189.73. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @252.13 from a trend line in the weekly time frame.
- A resistance zone ranging from 260.60 to 263.41. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @273.42 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 | 10.78 | NEGATIVE | CRM has a low relative strength, it was outperformed by 89.22% 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) | 28.45 | OVERSOLD | The low RSI value suggests CRM may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests CRM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 14 | OVERSOLD | The low Stochastics value suggests CRM may be oversold. |
| Average True Range in percent/ATR (20) | 4.76 | MEDIUM VOLATILITY | The ATR as a percentage value for CRM suggests some volalility. |
| Average Directional Index/ADX (14) | 44.29 | POSITIVE | The high ADX value value for CRM suggests a strong trend. |
185.16
-0.13 (-0.07%)
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 trend direction for 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 28.4473. This indicates that the stock is currently oversold.
Can you provide the short term momentum for SALESFORCE INC?
The short term momentum for SALESFORCE INC (CRM) is negative.
Can you provide the support and resistance levels for SALESFORCE INC?
SALESFORCE INC (CRM) has a resistance level at 188.63. Check the full technical report for our detailed analysis of CRM support and resistance levels.