The Greedy Trader Weekly Analysis
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Weekly Pattern:Falling Wedge
Number of records: 3
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Chart Analysis and Chart Pattern Recognition – Falling Wedge Pattern.
A falling wedge pattern is a triangle formation with noticeable slant to the downside. It represents the loss of the downside momentum on each successive low and has a bullish bias. The falling wedges pattern usually marks a reversal in a downtrend. In an uptrend, the falling wedge pattern is considered as a continuation pattern. As with other triangle formations, volume usually diminishes as price rise and then increases during the breakout.
Falling Wedge Screening page presents a list of stocks forming Falling Wedge Pattern.
Tips:
# 1
To confirm the loss of the downside momentum at the reversal point, see bullish divergence on technical indicators.
# 2 For the best results, chart patterns should be considered together with other technical analysis signals and technical trading techniques.
Falling Wedge Pattern,Falling Wedge,Falling Wedge Chart Pattern,Charting technique, chart pattern, chart, pattern, technical analysis, signals, chart analysis, pattern recognition, screening, technical trading

Salesforce.com (CRM)

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Summary:
Weekly :Overbought sectorRelative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overboughtRelative Strength Index bearish divergenceBroken trend resistance line
Daily :The price touches the upper Bollinger Band
Move cursor over the icon to see details.

It was a third consecutive positive week for the Salesforce.com (CRM). During the week, the CRM gained 4.23 points, or 2.28%, and closed at 189.95 on Friday, February 14, 2020. Weekly volume was -47% below average.

CRM is a member of Technology Sector. Technology is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See CRM long-term trend chart]
A long-term uptrend had started on August 2, 2012 at 30.05 and reached 192.60 on February 11, 2020. CRM gained -162.55 points, or -540.93%, in 392 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (90.82) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See CRM medium-term trend chart]
A medium-term uptrend had started on October 23, 2019 at 141.49 and reached 192.60 on February 11, 2020. CRM gained -51.11 points, or -36.12%, in 15 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 180.80 and resistance is at 195.02. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See CRM weekly technical indicators chart]
Weekly Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly Williams' Percentage Range and Lane's Stochastic. Weekly Relative Strength Index has bearish divergence. Use the following links to access the Relative Strength Index help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since November 1, 2019. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.

Short-term trend: [See CRM short-term trend chart]
A short-term uptrend had started on January 27, 2020 at 177.30 and reached 192.60 on February 11, 2020. CRM gained -15.30 points, or -8.63%, in 15 days. The price is now at the 17.32% retracement level.

Daily Technical Indicators: [See CRM daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since January 24, 2020. The distance between MACD and the signal line is low and getting smaller.

The price touches the upper Bollinger Band. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.80
Williams' Percentage Range (W%R) 21.20
Lane's Stochastic (%D-Slow) 73.23
Greed/Fear Indicator (GFI) 72.93
Moving Average Converg./Diverg. (MACD) 4.19
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 86.38
Overbought Bearish
Williams' Percentage Range (W%R) 6.40
Strong Overbought
Lane's Stochastic (%D-Slow) 91.40
Strong Overbought
Greed/Fear Indicator (GFI) 82.94
Overbought
Moving Average Converg./Diverg. (MACD) 5.37
Trading Signals
Description Value Chart
Monthly Trendline Resistance 195.02
Upper Bollinger Band 190.41
Price 189.95
Daily Stochastic Crossing 189.69
Weekly Stochastic Crossing 189.64
Parabolic System 187.08
20 Day Moving Average 185.38
Monthly Trendline Support 180.80
Lower Bollinger Band 178.85
50 Day Moving Average 174.29
Sector and Industry
Description Name Rank
Sector Technology 9
Industry Internet Software & Svcs 101
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 177.30
Low Date 01/27/2020
High 192.60
High Date 02/11/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 154.50
Low Date 12/04/2019
High 192.60
High Date 02/11/2020
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 195.02
Support 180.80
Low 141.49
Low Date 10/23/2019
High 192.60
High Date 02/11/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 137.87
Low Date 08/14/2019
High 192.60
High Date 02/11/2020
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 115.51
Support 90.82
Low 30.05
Low Date 08/02/2012
High 192.60
High Date 02/11/2020
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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