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Advanced TA SearchArchive
- 5/3/2024 -
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Salesforce.com (CRM) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was the negative week for the Salesforce.com (CRM). During the week, the CRM gave back -0.63 points, or -0.23%, and closed at 273.66 on Friday, May 3, 2024. Weekly volume was -27% below average.
 Long-term trend: [See CRM long-term trend chart]
A long-term uptrend had started on December 22, 2022 at 126.34 and reached 318.71 on March 1, 2024. CRM gained -192.37 points, or -152.26%, in 62 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 235.17 and resistance is at 341.41. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
 Medium-term trend: [See CRM medium-term trend chart]
A medium-term uptrend had started on October 26, 2023 at 193.68 and reached 318.71 on March 1, 2024. CRM gained -125.03 points, or -64.55%, in 18 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (343.00) is broken. A broken support is considered to be a long-term bearish signal. 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 support 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 April 12, 2024. The distance between MACD and the signal line is near its high and getting bigger. 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 May 1, 2024 at 266.55 and reached 277.67 on May 3, 2024. CRM gained -11.12 points, or -4.17%, in 2 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance 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 March 6, 2024. The distance between MACD and the signal line is low and getting smaller.
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.
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