SALESFORCE INC (CRM) Stock Technical Analysis
NYSE:CRM - New York Stock Exchange, Inc. - US79466L3024 - Common Stock - Currency: USD
Taking everything into account, CRM scores 4 out of 10 in our technical rating. CRM has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
In the last month CRM has a been trading in the 257.47 - 276.38 range, which is quite wide. It is currently trading near the high of this range.
CRM has an average volume of 7676860 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 comparing the performance of all stocks over the past year, CRM turns out to be only a medium performer in the overall market: it outperformed 50% of all stocks.
CRM is an average performer in the Software industry, it outperforms 47% of 282 stocks in the same industry.
CRM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CRM is lagging the market.
Volume is considerably higher in the last couple of days.
CRM has only a medium 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 272.39, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
233.89
294.07
We found 4 important support areas.
- A support zone ranging from 263.69 to 272.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @248.42 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 one important area.
- 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 | 50.89 | NEUTRAL | CRM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CRM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CRM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of CRM is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.05 | NEUTRAL | The RSI value for CRM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.28 | POSITIVE | The MACD value suggests CRM has a positive trend. |
| Stochastics (14,3) | 83.99 | OVERBOUGHT | The high Stochastics value suggests CRM may be overbought. |
| Average True Range in percent/ATR (20) | 2.24 | MEDIUM VOLATILITY | The ATR as a percentage value for CRM suggests some volalility. |
| Average Directional Index/ADX (14) | 16.94 | 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)
272.69
-0.73 (-0.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-0.27%
1 Week3.52%
2 Weeks5.53%
1 Month2.76%
3 Month13.26%
6 Month-18.09%
12 Month3.61%
2 Year29.08%
3 Year65.23%
5 Year45.57%
10 Year291.63%
15 Year1170.99%
Volatility
ATR(14)6.45
ATR(20)%2.24%
ATR Inc-18.55%
Range Today5.98
ADR(20)5.69
ADR(20)%2.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS50.89
Mansfield-1.17
10 Day High276.38
10 Day Low257.47
20 Day High276.38
20 Day Low257.47
52 Week High369
52 Week Low230
CS1 End272.39
CR1 Start288.61
Volume & EV
DER(3)0.85%
DER(5)0.2%
Volume8.54M
Volume Incr8.81%
Vol(5)10.56M
Vol(50)7.68M