The Greedy Trader Weekly Analysis
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Daily RSI:> 70
Number of records: 6
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Relative Strength Index (RSI Indicator)

The Relative Strength Index is a popular momentum oscillator, developed by Welles Wilder, Jr. It is one of the most widely used technical indicators. Relative Strength Index compares upward vs. downward movements in closing over a selected period. The RSI Indicator fluctuates from 0% to 100%. A stock with RSI Indicator higher than 70% is considered overbought and lower than 30% - oversold. A good rule is to adjust overbought/oversold index range to 80% in bull and to 20% in bear markets. Relative Strength Index can provide an early warning, but not the final signal. It should be used in conjunction with other stock picking techniques. The divergence between RSI Indicator and underlying stock price is the most important signal provided by RSI, and it can be an indication of an impending reversal. Using the RSI divergence (bullish and bearish), chart patterns, trendlines, support, and resistance lines along with the RSI Indicator chart can be very useful.

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- 9/22/2023 -
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Salesforce.com (CRM) Technical Analysis

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Summary:
Weekly :Overbought sector
Daily :Daily  MACD line has moved below its signal lineWilliams' Percentage Range oversoldLane's Stochastic is strongly oversold
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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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 25.26
Williams' Percentage Range (W%R) 83.60
Oversold
Lane's Stochastic (%D-Slow) 9.24
Strong Oversold
Greed/Fear Indicator (GFI) 16.98
Oversold
Moving Average Converg./Diverg. (MACD) 0.47
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.94
Williams' Percentage Range (W%R) 60.90
Lane's Stochastic (%D-Slow) 38.89
Greed/Fear Indicator (GFI) 42.01
Moving Average Converg./Diverg. (MACD) 10.25
Trading Signals
Description Value Chart
Upper Bollinger Band 225.79
Parabolic System 219.47
50 Day Moving Average 217.15
20 Day Moving Average 216.84
Weekly Stochastic Crossing 212.81
Daily Stochastic Crossing 207.27
Price 206.43
Lower Bollinger Band 204.34
Sector and Industry
Description Name Rank
Sector Information Technology 10
Industry Application Software 92
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
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 228.79
High Date 08/31/2023
Low 205.88
Low Date 09/22/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 228.79
High Date 08/31/2023
Low 205.88
Low Date 09/22/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 238.22
High Date 07/19/2023
Low 200.20
Low Date 08/18/2023
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 126.34
Low Date 12/22/2022
High 238.22
High Date 07/19/2023
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.