The Greedy Trader Weekly Analysis
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Internet Software & Svcs Industry Technical Analysis

Archive
- 12/6/2019 -
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Salesforce.com (CRM)

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Summary:
Weekly :Lane's Stochastic is overboughtBroken trend resistance line
Daily :A Parabolic SAR indicator is below and near the priceThe price has declined below the moving average in the center of the Bollinger BandsThe Bollinger Bands are historically close together
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It was the negative week for the Salesforce.com (CRM). During the week, the CRM dropped -4.88 points, or -3.00%, and closed at 158.01 on Friday, December 6, 2019. It was the worst weekly loss since October 18, 2019. Weekly volume was 9% above 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 (92.28) 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 August 14, 2019 at 137.87 and reached 166.34 on November 20, 2019. CRM gained -28.47 points, or -20.65%, in 14 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 143.82 and resistance is at 165.48. 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 Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. 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 Lane's Stochastic 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. Use the following link to access a MACD help.

Short-term trend: [See CRM short-term trend chart]
A short-term downtrend had started on November 20, 2019 at 166.34 and reached 154.50 on December 4, 2019. CRM lost 11.84 points, or 7.12%, in 14 days. The price is now at the 29.65% 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 November 21, 2019. This is an indication that the short-term trend is down.

A Parabolic SAR (stop and reversal) indicator (159.25) comes close to the price (158.01). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands (4.99%) is close to one year low (4.59%). It is 54.57% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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) 34.88
Williams' Percentage Range (W%R) 69.60
Lane's Stochastic (%D-Slow) 35.27
Greed/Fear Indicator (GFI) 33.52
Moving Average Converg./Diverg. (MACD) 1.84
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.05
Williams' Percentage Range (W%R) 28.90
Lane's Stochastic (%D-Slow) 86.18
Overbought
Greed/Fear Indicator (GFI) 69.68
Moving Average Converg./Diverg. (MACD) 0.69
Trading Signals
Description Value Chart
Monthly Trendline Resistance 165.48
Upper Bollinger Band 163.82
Weekly Stochastic Crossing 162.75
20 Day Moving Average 161.76
Parabolic System 159.25
Price 158.01
Daily Stochastic Crossing 157.64
Lower Bollinger Band 155.93
50 Day Moving Average 154.90
Monthly Trendline Support 143.82
Sector and Industry
Description Name Rank
Sector Technology 4
Industry Internet Software & Svcs 42
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 166.34
High Date 11/20/2019
Low 154.50
Low Date 12/04/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 141.49
Low Date 10/23/2019
High 166.34
High Date 11/20/2019
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 165.48
Support 143.82
Low 137.87
Low Date 08/14/2019
High 166.34
High Date 11/20/2019
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 114.89
Support 92.28
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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