SALESFORCE INC (CRM) Stock Technical Analysis
NYSE:CRM - New York Stock Exchange, Inc. - US79466L3024 - Common Stock - Currency: USD
We assign a technical rating of 1 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 neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
70% 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 7892410 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 43% 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.
Although the technical rating is bad, CRM does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 261.63, a Stop Loss order could be placed below this zone.
More info and screens
233.89
294.07
4 important support areas can be observed.
- A support zone ranging from 258.40 to 261.63. 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.
2 important resistance areas can be observed.
- A resistance zone ranging from 265.81 to 274.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | NEUTRAL | NEUTRAL | The short term trend for CRM is neutral. |
| ChartMill Relative Strength | 30.55 | NEUTRAL | CRM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CRM is below the rising 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) | 47.38 | NEUTRAL | The RSI value for CRM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.26 | NEGATIVE | The MACD value suggests CRM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 36.94 | NEUTRAL | The Stochastics value for CRM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.1 | MEDIUM VOLATILITY | The ATR as a percentage value for CRM suggests some volalility. |
| Average Directional Index/ADX (14) | 14.03 | 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)
263.59
+1.31 (+0.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.5%
1 Week2.33%
2 Weeks-3.68%
1 Month0.07%
3 Month-1.59%
6 Month-21.05%
12 Month0.33%
2 Year17.15%
3 Year43.24%
5 Year35.28%
10 Year259.6%
15 Year965.55%
Volatility
ATR(14)5.25
ATR(20)%2.1%
ATR Inc-39.82%
Range Today3.89
ADR(20)5.36
ADR(20)%2.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS30.55
Mansfield-1.57
10 Day High275.56
10 Day Low254.52
20 Day High276.8
20 Day Low254.52
52 Week High369
52 Week Low230
CS1 End261.63
CR1 Start265.81
Volume & EV
DER(3)2.84%
DER(5)1.85%
Volume5.00M
Volume Incr-26.79%
Vol(5)5.91M
Vol(50)7.89M