By Mill Chart
Last update: Aug 13, 2024
Exploring Growth Potential: SALESFORCE INC (NYSE:CRM) and Its Base Formation. Growth investors seek promising revenue and EPS growth, and SALESFORCE INC has come under our scrutiny for potential growth investing. While it's crucial to do your own research, we've detected SALESFORCE INC on our screen for growth with base formation, suggesting it merits a closer look.
A key component of ChartMill's stock assessment is the Growth Rating, which spans from 0 to 10. This rating evaluates diverse growth factors, such as EPS and revenue growth, considering both past performance and future projections. NYSE:CRM has received a 8 out of 10:
ChartMill employs its own Health Rating for stock assessment. This rating, ranging from 0 to 10, is calculated by examining various liquidity and solvency ratios. In the case of NYSE:CRM, the assigned 7 reflects its health status:
ChartMill utilizes a Profitability Rating to assess stocks, scoring them on a scale of 0 to 10. This rating takes into account a variety of profitability ratios and margins, both in absolute terms and in comparison to industry peers. NYSE:CRM has earned a 8 out of 10:
Besides the Technical Rating, ChartMill also assign a Setup Rating to every stock. This setup score also ranges from 0 to 10 and determines to which extend the stock is consolidating. This is achieved by evaluating multiple short term technical indicators. NYSE:CRM currently has a 8 as setup rating:
CRM has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 255.71. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 251.21, a Stop Loss order could be placed below this zone.
Every day, new Strong Growth stocks can be found on ChartMill in our Strong Growth screener.
Check the latest full fundamental report of CRM for a complete fundamental analysis.
Check the latest full technical report of CRM for a complete technical analysis.
Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.
324.53
-4.43 (-1.35%)
Find more stocks in the Stock Screener
Based on a technical and fundamental analysis of NYSE:CRM we are exploring the Growth Potential of SALESFORCE INC (NYSE:CRM) as It Nears a Breakout.
Market Recap: Wall Street Gains, Amazon Slips, and U.S. Job Growth Slows
Uncover the potential of SALESFORCE INC, a growth stock reasonably priced. NYSE:CRM is excelling in growth aspects, maintaining a healthy financial position, and still offers an attractive valuation.
Stay updated with the S&P500 stocks that are on the move in today's pre-market session.
A fundamental analysis of (NYSE:CRM): Why SALESFORCE INC (NYSE:CRM) qualifies as a quality stock.