SALESFORCE INC (CRM) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CRM - US79466L3024 - Common Stock
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.
- 86% 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 218.96 - 269.11 range, which is quite wide. It is currently trading near the lows of this range.
- CRM has an average volume of 8154620 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- CRM is part of the Software industry. There are 277 other stocks in this industry, CRM did better than 51% of them.
- Volume is considerably higher in the last couple of days.
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
217.86
When analyzing the support we can see 2 important areas.
- Support @227.10 from a horizontal line in the weekly time frame.
- Support @220.06 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 246.59 to 249.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @259.11 from a trend line in the weekly time frame.
- A resistance zone ranging from 263.41 to 263.50. 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 | NEUTRAL | NEUTRAL | The long term trend for CRM is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CRM is down. |
| ChartMill Relative Strength | 14.55 | NEGATIVE | CRM has a low relative strength, it was outperformed by 85.45% 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) | 34.26 | NEUTRAL | The RSI value for CRM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -3.76 | NEGATIVE | The MACD value suggests CRM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 14.21 | OVERSOLD | The low Stochastics value suggests CRM may be oversold. |
| Average True Range in percent/ATR (20) | 2.89 | MEDIUM VOLATILITY | The ATR as a percentage value for CRM suggests some volalility. |
| Average Directional Index/ADX (14) | 31.36 | POSITIVE | The high ADX value value for CRM suggests a strong trend. |
228.05
-0.04 (-0.02%)
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 34.2606. This indicates that the stock is currently neutral.
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 support level at 227.1 and a resistance level at 246.59. Check the full technical report for our detailed analysis of CRM support and resistance levels.