• Salesforce (CRM) Technical Analysis: Bullish Signals Emerge as Stock Trades Above Key Moving Averages

  • Nov 12 2024
  • Length: 2 mins
  • Podcast

Salesforce (CRM) Technical Analysis: Bullish Signals Emerge as Stock Trades Above Key Moving Averages

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  • Summary

  • **Salesforce (CRM) Analysis**

    1. **Current Price and Intraday Trading Range**: The current price of Salesforce (CRM) is $296.21, with a recent intraday trading range of $310.73 to $322.75[5].

    2. **Pre-market and After-hours Movement**: No specific pre-market or after-hours movement data is available in the provided sources.

    3. **Trading Volume vs Average**: The share volume is 3.9M, but no average volume is provided for comparison[2].

    4. **Recent News or Announcements**: There are no recent news or announcements in the last 24 hours mentioned in the provided sources.

    5. **Major Analyst Updates or Price Target Changes**: The consensus price target for Salesforce is $312.03, but no recent updates or changes are noted[1].

    6. **Options Flow Activity**: No information on options flow activity is available in the provided sources.

    7. **Related Semiconductor/AI Sector News**: While there are mentions of AI and technology sectors, no specific news affecting Salesforce is highlighted in the provided sources.

    8. **Key Technical Indicators for Day Trading**:
    - **Moving Averages**: CRM is above its 8-day SMA ($295.14), 20-day SMA ($291.67), 50-day SMA ($274.06), and 200-day SMA ($273.26), indicating a buy signal[2].
    - **Exponential Moving Averages**: CRM is above its 8-day EMA ($294.83), 20-day EMA ($290.06), 50-day EMA ($279.04), and 200-day EMA ($263.84), further supporting a buy signal[2].
    - **Technical Rating**: Salesforce is rated as "Very Bullish" with a score of 57, which is 14% above its historic median score, indicating lower risk than normal[2].

    **Market Sentiment**: The overall market sentiment for Salesforce is bullish, with technical indicators and recent price movements suggesting a positive outlook. However, it is essential to consider broader market trends and potential sector-specific news that could impact the stock.
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