The Greedy Trader Weekly Analysis
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Salesforce.com (CRM)

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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionLane's Stochastic is overboughtWilliams' Percentage Range is strongly overbought
Daily :Williams' Percentage Range is strongly overboughtThe price has risen above the Parabolic SAR
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It was a first positive week for the Salesforce.com (CRM). During the week, the CRM gained 9.36 points, or 5.11%, and closed at 192.53 on Thursday, July 2, 2020. Weekly volume was -46% below average.

CRM is a member of Information Technology Sector. Information 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 195.72 on February 20, 2020. CRM gained -165.67 points, or -551.31%, in 394 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (93.90) 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 uptrend had started on March 18, 2020 at 115.29 and reached 195.39 on July 2, 2020. CRM gained -80.10 points, or -69.48%, in 15 weeks. Price is near the trend high.

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

The weekly MACD line is above its signal line since May 8, 2020. 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 uptrend had started on June 29, 2020 at 180.00 and reached 195.39 on July 2, 2020. CRM gained -15.39 points, or -8.55%, in 3 days. The price is now at the 18.58% retracement level.

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

The daily MACD line is above its signal line since June 30, 2020. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.05
Williams' Percentage Range (W%R) 7.80
Strong Overbought
Lane's Stochastic (%D-Slow) 54.71
Greed/Fear Indicator (GFI) 72.63
Moving Average Converg./Diverg. (MACD) 4.14
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.80
Williams' Percentage Range (W%R) 3.20
Strong Overbought
Lane's Stochastic (%D-Slow) 84.12
Overbought
Greed/Fear Indicator (GFI) 80.71
Overbought
Moving Average Converg./Diverg. (MACD) 2.60
Trading Signals
Description Value Chart
Upper Bollinger Band 196.19
Price 192.53
Weekly Stochastic Crossing 190.74
Daily Stochastic Crossing 189.29
20 Day Moving Average 183.11
Parabolic System 179.82
50 Day Moving Average 174.91
Lower Bollinger Band 171.21
Sector and Industry
Description Name Rank
Sector Information Technology 12
Industry Application Software 123
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 180.00
Low Date 06/29/2020
High 195.39
High Date 07/02/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 180.00
Low Date 06/29/2020
High 195.39
High Date 07/02/2020
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 115.29
Low Date 03/18/2020
High 195.39
High Date 07/02/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 137.87
Low Date 08/14/2019
High 195.72
High Date 02/20/2020
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 118.59
Support 93.90
Low 30.05
Low Date 08/02/2012
High 195.72
High Date 02/20/2020
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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