The Greedy Trader Weekly Analysis
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Salesforce.com (CRM)

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Summary:
Weekly :Broken trend resistance line
Daily :Daily  MACD line has moved above its signal lineA Parabolic SAR indicator is below and near the priceThe price moved above the moving average in the center of the Bollinger BandsPrice is close to the 50 Day Moving Average
Move cursor over the icon to see details.

It was a first positive week for the Salesforce.com (CRM). During the week, the CRM gained 2.85 points, or 1.88%, and closed at 154.58 on Friday, July 5, 2019. Weekly volume was -21% 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 (88.73) 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 128.28 and resistance is at 169.65. 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. 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 155.75 on July 3, 2019. CRM gained -7.28 points, or -4.90%, in 6 days. The price is now at the 16.07% retracement level.

Daily Technical Indicators: [See CRM daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

A Parabolic SAR (stop and reversal) indicator (155.51) comes close to the price (154.58). It indicates that the trend is getting weaker. 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 moved above 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.

Price is close to the 50 Day Moving Average. 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) 59.97
Williams' Percentage Range (W%R) 62.30
Lane's Stochastic (%D-Slow) 58.01
Greed/Fear Indicator (GFI) 51.91
Moving Average Converg./Diverg. (MACD) -0.80
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.19
Williams' Percentage Range (W%R) 54.30
Lane's Stochastic (%D-Slow) 40.58
Greed/Fear Indicator (GFI) 45.13
Moving Average Converg./Diverg. (MACD) 3.14
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 169.65
Upper Bollinger Band 159.50
50 Day Moving Average 155.66
Parabolic System 155.51
Price 154.58
Daily Stochastic Crossing 153.14
20 Day Moving Average 152.88
Weekly Stochastic Crossing 151.14
Lower Bollinger Band 147.31
Quarterly Trendline Support 128.28
Sector and Industry
Description Name Rank
Sector Technology 3
Industry Internet Software & Svcs 84
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 148.47
Low Date 06/27/2019
High 155.75
High Date 07/03/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 148.47
Low Date 06/27/2019
High 155.75
High Date 07/03/2019
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 169.65
Support 128.28
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 111.34
Support 88.73
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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