Strong Growth Stock Technical Setups. Analyze technical breakout patterns in stocks which are growing strongly while having decent profitability and health.


SALESFORCE INC

New York Stock Exchange, Inc. / Information Technology / Software

Technical Rating and Analysis

9

Taking everything into account, CRM scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CRM is showing a nice and steady performance.

The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that CRM is one of the better performing stocks in the market, outperforming 88% of all stocks.
CRM is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so CRM is performing more or less in line with the market.
CRM has an average volume of 6243350 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CRM is part of the Software industry. There are 278 other stocks in this industry, CRM did better than 67% of them.
In the last month CRM has a been trading in the 323.65 - 369.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.

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Weekly and Daily overview Charts
CRM Weekly chart
CRM Daily chart
Setup Rating and Analysis

8

Besides having an excellent technical rating, CRM also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 336.22, a Stop Loss order could be placed below this zone.

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Support and Resistance Analysis

258.27

347.09

When analyzing the support we can see 3 important areas.

  • A support zone ranging from 334.70 to 336.22. This zone is formed by a combination of multiple trend lines in the daily time frame.
  • Support @272.22 from a trend line in the daily time frame.
  • Support @260.88 from a trend line in the weekly time frame.

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Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.82
Mansfield1.1
10 Day High364.8
10 Day Low331.14
20 Day High369
20 Day Low323.65
52 Week High369
52 Week Low212
Performance
1 Week-3.01%
2 Weeks-5.07%
1 Month2.34%
3 Month28.8%
6 Month40.23%
12 Month29.03%
2 Year159.18%
3 Year35.23%
5 Year111.3%
10 Year479.41%
15 Year1763.36%

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Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)

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Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-3.17
RSI(14)52.83
LBB330.57
UBB371.65

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Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
349.30334.6914.61 (4.18%)23.91%
An entry @349.30. This is a Buy Stop order right above the 10 day moving average.An exit @334.69. This is a Stop Loss order right below the support zone.The worst case loss on the trade is limited to 14.61 points, which is 4.18%.For a 1.00% total portfolio risk, you can invest 23.91% of your capital in this trade.

  • The distance between exit and entry is rather small compared to the average daily movement of CRM. Please evaluate whether better entry and exit points can be found.
  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.

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