The Greedy Trader Weekly Analysis
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Salesforce.com (CRM)

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Summary:
Weekly :Broken trend resistance line
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtThe price has risen above the Parabolic SARPrice has crossed above the 50 Day Moving Average
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It was a second consecutive positive week for the Salesforce.com (CRM). During the week, the CRM gained 3.50 points, or 2.26%, and closed at 158.08 on Friday, July 12, 2019. Weekly volume was -13% 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 (88.89) 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 December 2, 2016 at 66.43 and reached 167.56 on April 29, 2019. CRM gained -101.13 points, or -152.24%, in 125 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 128.75 and resistance is at 169.88. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See CRM weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since May 3, 2019. The distance between MACD and the signal line is low and getting smaller. 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 27, 2019 at 148.47 and reached 159.62 on July 12, 2019. CRM gained -11.15 points, or -7.51%, in 15 days. The price is now at the 13.81% retracement level.

Daily Technical Indicators: [See CRM daily technical indicators chart]
Daily 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 daily Lane's Stochastic or strongly overbought daily 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 daily MACD line is above its signal line since June 28, 2019. This is an indication that the short-term trend is up.

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.

During the last week, the price 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) 52.58
Williams' Percentage Range (W%R) 2.00
Strong Overbought
Lane's Stochastic (%D-Slow) 81.95
Overbought
Greed/Fear Indicator (GFI) 77.52
Moving Average Converg./Diverg. (MACD) -0.11
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.66
Williams' Percentage Range (W%R) 32.60
Lane's Stochastic (%D-Slow) 46.82
Greed/Fear Indicator (GFI) 54.68
Moving Average Converg./Diverg. (MACD) 2.80
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 169.88
Upper Bollinger Band 160.33
Daily Stochastic Crossing 158.63
Price 158.08
50 Day Moving Average 154.82
20 Day Moving Average 153.54
Weekly Stochastic Crossing 152.28
Parabolic System 149.41
Lower Bollinger Band 148.67
Quarterly Trendline Support 128.75
Sector and Industry
Description Name Rank
Sector Technology 6
Industry Internet Software & Svcs 98
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 148.47
Low Date 06/27/2019
High 159.62
High Date 07/12/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 142.51
Low Date 06/04/2019
High 162.99
High Date 06/07/2019
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 167.56
High Date 04/29/2019
Low 142.51
Low Date 06/04/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 169.88
Support 128.75
Low 66.43
Low Date 12/02/2016
High 167.56
High Date 04/29/2019
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 111.51
Support 88.89
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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