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Advanced TA SearchArchive
- 4/26/2024 -
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Salesforce.com (CRM) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a first positive week for the Salesforce.com (CRM). During the week, the CRM gained 3.92 points, or 1.45%, and closed at 274.29 on Friday, April 26, 2024. Weekly volume was -9% below average.
 Long-term trend: [See CRM long-term trend chart]
A long-term uptrend had started on December 22, 2022 at 126.34 and reached 318.71 on March 1, 2024. CRM gained -192.37 points, or -152.26%, in 62 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 233.57 and resistance is at 338.83. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
 Medium-term trend: [See CRM medium-term trend chart]
A medium-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 (337.33) 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 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 April 12, 2024. The distance between MACD and the signal line is relatively high and getting bigger. 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 April 19, 2024 at 268.73 and reached 279.70 on April 22, 2024. CRM gained -10.97 points, or -4.08%, in 3 days. The price is now at the 49.32% retracement level.
 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 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 daily MACD line is below its signal line since March 6, 2024.
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