FOO Technical Analysis - SALESFORCE INC

Technical Rating and Analysis

Overall FOO gets a technical rating of 1 out of 10. FOO's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

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.

92% of all other stocks performed better in the past year than FOO.

FOO 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.

Warning: FOO has an average volume of 3593 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

In the last month FOO has a been trading in the 199.28 - 218.25 range, which is quite wide. It is currently trading near the high of this range.

FOO is an average performer in the Software industry, it outperforms 48% of 111 stocks in the same industry.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

The technical rating of FOO 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

197.04

241.49

When analyzing the support we can see 2 important areas.

A support zone ranging from 202.60 to 212.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 199.03 to 199.04. This zone is formed by a combination of multiple trend lines in the daily time frame.

We can see 2 important resistance areas.

Resistance @217.85 from a trend line in the daily time frame.
Resistance @239.10 from a horizontal line in the daily time frame.

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What is Support and Resistance

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Technical Indicator Signal Analysis

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 FOO.DE is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for FOO.DE is neutral.
ChartMill Relative Strength	8.68	NEGATIVE	FOO.DE has a low relative strength, it was outperformed by 91.32% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of FOO.DE is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of FOO.DE is above a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of FOO.DE is below a declining SMA(200).
Relative Strength Index/RSI (14)	46.01	NEUTRAL	The RSI value for FOO.DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.64	POSITIVE	The MACD value suggests FOO.DE has a positive trend, although the MACD value is declining.
Stochastics (14,3)	56.94	NEUTRAL	The Stochastics value for FOO.DE is a neutral value.
Average True Range in percent/ATR (20)	2.44	MEDIUM VOLATILITY	The ATR as a percentage value for FOO.DE suggests some volalility.
Average Directional Index/ADX (14)	18.91	NEGATIVE	The low ADX value for FOO.DE suggests a weak or negative trend.