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Archive
- 3/21/2025 -
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Salesforce.com (CRM) Technical Analysis
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| Summary:
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| | It was a first positive week after 4 consecutive negative weeks for the Salesforce.com (CRM). During the week, the CRM climbed 1.20 points, or 0.43%, and closed at 280.60 on Friday, March 21, 2025. It was the best weekly gain since January 31, 2025. CRM was trading at average weekly trading volume.
CRM is a member of Information Technology Sector. Information Technology is the most oversold 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 May 30, 2024 at 212.00 and reached 369.00 on December 4, 2024. CRM gained -157.00 points, or -74.06%, in 26 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend support line (300.06) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. CRM may retest the broken support line. It is considered to be a resistance line now. 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 downtrend had started on December 4, 2024 at 369.00 and reached 269.80 on March 13, 2025. CRM lost 99.20 points, or 26.88%, in 14 weeks. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 263.36 and resistance is at 365.09. A Broadening Descending 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 Right-Angled, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See CRM weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. 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 below its signal line since January 31, 2025. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 January 28, 2025 at 367.10 and reached 269.80 on March 13, 2025. CRM lost 97.30 points, or 26.51%, in 44 days. The chart has formed a Falling Channel chart pattern.
 Daily Technical Indicators: [See CRM daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
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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