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Downtrend Broken Resist.Archive
- 9/22/2023 -
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Salesforce.com (CRM) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
Move cursor over the icon to see details.
| | It was the negative week for the Salesforce.com (CRM). During the week, the CRM dropped -8.18 points, or -3.81%, and closed at 206.43 on Friday, September 22, 2023. 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 December 22, 2022 at 126.34 and reached 238.22 on July 19, 2023. CRM gained -111.88 points, or -88.55%, in 29 weeks. The price is now at the 28.41% retracement level.
 Medium-term trend: [See CRM medium-term trend chart]
A medium-term downtrend had started on July 19, 2023 at 238.22 and reached 200.20 on August 18, 2023. CRM lost 38.02 points, or 15.96%, in 4 weeks. The price is now at the 16.39% retracement level.
 Weekly Technical Indicators: [See CRM weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since August 4, 2023. This is an indication that the medium-term trend is down. 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 August 31, 2023 at 228.79 and reached 205.88 on September 22, 2023. CRM lost 22.91 points, or 10.01%, in 22 days. Price is near the trend low.
 Daily Technical Indicators: [See CRM daily technical indicators chart]
Daily Williams' Percentage Range is oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Williams' Percentage Range or strongly oversold daily 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 links to access Lane's Stochastic and Williams' Percentage Range help.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Information Technology |
10 |
| Industry |
Application Software |
92 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
228.79 |
| High Date |
08/31/2023 |
| Low |
205.88 |
| Low Date |
09/22/2023 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
228.79 |
| High Date |
08/31/2023 |
| Low |
205.88 |
| Low Date |
09/22/2023 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
228.79 |
| High Date |
08/31/2023 |
| Low |
205.88 |
| Low Date |
09/22/2023 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
238.22 |
| High Date |
07/19/2023 |
| Low |
200.20 |
| Low Date |
08/18/2023 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
126.34 |
| Low Date |
12/22/2022 |
| High |
238.22 |
| High Date |
07/19/2023 |
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