The Greedy Trader Weekly Analysis
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Weekly Pattern:Falling Wedge
Number of records: 6
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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.
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Salesforce.com (CRM)

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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overboughtWeekly  MACD line has moved above its signal line
Daily :Williams' Percentage Range and Lane's Stochastic are overbought20 Day Moving Average has crossed above the 50 Day Moving Average
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 climbed 1.37 points, or 0.86%, and closed at 161.11 on Friday, November 8, 2019. Weekly volume was -46% below average.

Long-term trend: [See CRM long-term trend chart]
A long-term uptrend had started on August 2, 2012 at 30.05 and reached 167.56 on April 29, 2019. CRM gained -137.51 points, or -457.60%, in 351 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (91.66) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 downtrend had started on April 29, 2019 at 167.56 and reached 137.87 on August 14, 2019. CRM lost 29.69 points, or 17.72%, in 15 weeks. The price is now at the 78.28% retracement level.

Weekly Technical Indicators: [See CRM weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. 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 link to access Williams' Percentage Range help.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 October 23, 2019 at 141.49 and reached 161.25 on November 4, 2019. CRM gained -19.76 points, or -13.97%, in 12 days. Price is near the trend high.

Daily Technical Indicators: [See CRM daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since October 24, 2019. This is an indication that the short-term trend is up.

During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 78.69
Williams' Percentage Range (W%R) 10.10
Overbought
Lane's Stochastic (%D-Slow) 85.68
Overbought
Greed/Fear Indicator (GFI) 84.75
Overbought
Moving Average Converg./Diverg. (MACD) 1.89
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.02
Williams' Percentage Range (W%R) 9.90
Strong Overbought
Lane's Stochastic (%D-Slow) 59.02
Greed/Fear Indicator (GFI) 69.33
Moving Average Converg./Diverg. (MACD) -0.52
Trading Signals
Description Value Chart
Upper Bollinger Band 166.40
Price 161.11
Daily Stochastic Crossing 160.42
Parabolic System 156.09
Weekly Stochastic Crossing 153.75
20 Day Moving Average 152.48
50 Day Moving Average 151.55
Lower Bollinger Band 142.21
Sector and Industry
Description Name Rank
Sector Technology 6
Industry Internet Software & Svcs 56
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 141.49
Low Date 10/23/2019
High 161.25
High Date 11/04/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 141.49
Low Date 10/23/2019
High 161.25
High Date 11/04/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 141.49
Low Date 10/23/2019
High 161.25
High Date 11/04/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 167.56
High Date 04/29/2019
Low 137.87
Low Date 08/14/2019
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 114.27
Support 91.66
Low 30.05
Low Date 08/02/2012
High 167.56
High Date 04/29/2019
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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