The Greedy Trader Weekly Analysis
Sign In Mar 22, 2024
Skip Navigation Links
TA Search
Monthly Price vs. Trendline:Broken Support
Number of records: 10
Share
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

Trend Line Resistance Trend Line Support Resistance.

Trendline support resistance provides an excellent buy/sell signals in trending market. On an uptrend, buy around the support trend line level and place a stop order below the trend line support. Take profit on the trend line resistance level. Reverse the technique in a downtrend. Short around the resistance trend line level and place a stop order above the trend line resistance.

Advanced TA Search

Archive
- 3/15/2024 -
Sign In to see current Signals.

Salesforce.com (CRM) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Overbought sectorBroken trend support lineBroken trend support lineWilliams' Percentage Range and Lane's Stochastic are overbought
Daily :The price has fallen below the Parabolic SARThe price has declined below the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was the negative week for the Salesforce.com (CRM). During the week, the CRM dropped -10.95 points, or -3.59%, and closed at 294.33 on Friday, March 15, 2024. CRM was trading at average weekly trading volume.

CRM is a member of Information Technology Sector. Information Technology is the second 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 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 (304.48) 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 long-term trend.

Medium-term trend: [See CRM medium-term trend chart]
A medium-term uptrend had started on January 4, 2024 at 249.84 and reached 318.71 on March 1, 2024. CRM gained -68.87 points, or -27.57%, in 8 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (303.23) 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 Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and 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.

The weekly MACD line is above its signal line since November 24, 2023. 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 March 1, 2024 at 318.71 and reached 293.77 on March 15, 2024. CRM lost 24.94 points, or 7.83%, in 14 days. Price is near the trend low.

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. This is an indication that the short-term trend is down.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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 declined below the moving average in the center of the Bollinger Bands. 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) 44.89
Williams' Percentage Range (W%R) 48.90
Lane's Stochastic (%D-Slow) 34.10
Greed/Fear Indicator (GFI) 43.35
Moving Average Converg./Diverg. (MACD) 6.18
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.53
Williams' Percentage Range (W%R) 15.80
Overbought
Lane's Stochastic (%D-Slow) 83.76
Overbought
Greed/Fear Indicator (GFI) 75.10
Moving Average Converg./Diverg. (MACD) 19.86
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 332.06
Monthly Trendline Resistance 326.20
Parabolic System 316.96
Upper Bollinger Band 316.27
Weekly Stochastic Crossing 311.57
Quarterly Trendline Support 304.48
Monthly Trendline Support 303.23
20 Day Moving Average 300.56
Daily Stochastic Crossing 298.63
Price 294.33
50 Day Moving Average 287.08
Lower Bollinger Band 282.57
Sector and Industry
Description Name Rank
Sector Information Technology 8
Industry Application Software 60
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 309.49
High Date 03/14/2024
Low 293.77
Low Date 03/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 318.71
High Date 03/01/2024
Low 293.77
Low Date 03/15/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 326.20
Support 303.23
Low 249.84
Low Date 01/04/2024
High 318.71
High Date 03/01/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 332.06
Support 304.48
Low 193.68
Low Date 10/26/2023
High 318.71
High Date 03/01/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 126.34
Low Date 12/22/2022
High 318.71
High Date 03/01/2024
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.