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CRM Salesforce Options Ahead of EarningsIf you haven`t sold CRM here: or reentered here: Then analyzing the options chain and the chart patterns of CRM Salesforce prior to the earnings report this week, I would consider purchasing the 210usd strike price Puts with an expiration date of 2023-9-15, for a premium of approximately $8.75. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NYSE:CRMShort
by TopgOptions
3
CRM - BULLISH RALLYSalesforce stock (CRM) has seen a surge due to a truce with activist investor Elliott Management, the introduction of new AI services, and price increases on key products. The stock gained 5% in July, outperforming the market. CEO Marc Benioff's net worth has risen by $2.5 billion. Salesforce raised prices by an average of 9%, driving positive reactions from analysts. The company's AI Cloud product and upcoming AI tools have also generated excitement. Improved expense control and expectations of higher profit margins contribute to the positive outlook, despite economic uncertainties. It is fair to say previous highs are near posibility.
NYSE:CRMLong
by legacyFXofficial
Salesforce broke free from a triangle.Salesforce - 30d expiry - We look to Buy at 216.11 (stop at 206.11) The primary trend remains bullish. Broken out of the triangle formation to the upside. Previous resistance at 216 now becomes support. We look to buy dips. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. This stock has seen good sales growth. Our profit targets will be 240.11 and 245.11 Resistance: 225.00 / 230.00 / 235.00 Support: 216.00 / 213.00 / 208.50 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
NYSE:CRMLong
by VantageMarkets
1
CRM - Salesforce potential buy entryWhen you take a glance at the CRM chart on the Weekly time frame, you can see that the stock made it's important move above the 200SMA line, which is considered as a good bullish sign for any stock to start it's rally up. Things to consider when looking at CRM chart: 1. On Weekly time frame, price confirmed it's last known support levels sitting at $191.5 and $195 price levels. 2. If todays CPI data are good, potential buyers may enter the market and all stocks could see a potential upside buy momentum. 3. According to todays inflation news, my entry will be partial, I will not enter the full position since we have a resistance zone just above the current price level, sitting at $203.5 to $206 price range. 4. If the above mentioned resistance line gets broken, I will surely be adding to my position. 5. I will not let the price of stock move a lot, my stop loss level will be set in place at price right below the box which is the last support line. Price I am looking for potential stop loss is set to $108.5. On Weekly time frame, that is just below the 200SMA line. On Daily, it is just under 50SMA line. In my opinion, those are good levels to exit the position if the price has a significant drop. 6. Ideal Take Profit price is set to $275.5 level, which is a good resistance zone. That doesn't mean I will held or close the position, this is just my long term price goal for the stock. If market gives me a clear signal, I will either exit the position or add to it, depending on the signal given. Of course, this is not a financial advice. This is just my personal opinion. Please do your due diligence before investing. NYSE:CRM
NYSE:CRMLong
by De_Banis
Salesforce (CRM) RISING HIGHERshort term long.If pullback is supported by low volume long. IF the pullback will be followed by high volume short Salesforce (CRM) One of the biggest players in the cloud-based customer relationship management (CRM) domain, Salesforce (CRM) provides solutions to bring companies and customers together through its platform. Beginning in a San Francisco apartment in 1999, Salesforce now services over 150,000 companies. Through its digital workflows, Salesforce aids companies in managing customer information and enhances the quality of interactions. It’s powered through data and its brands Tableau, MuleSoft and Heroku. On 3 May, Salesforce announced it had been ranked as the #1 CRM provider by the International Data Corporation (IDC) for the ninth consecutive year. Earlier this year, on 11 April, the company featured on Fortune’s 100 Best Companies to Work For list for the 14th time in a row. The Salesforce stock market price had grown significantly during Covid-19 global lockdowns. The ability to manage teams and businesses remotely was highly sought after, leading to the CRM historical stock price all-time high of $309.96 on 8 November 2021. However, since then the stock has fallen nearly 40% amid rising interest rates, peaking inflation and global supply chain issues. At the time of writing, CRM stock had last closed at $189.19 on 9 June. The company released its Q1 financial results for fiscal year 2023 on 31 May, boosting investor confidence in the Salesforce share value. With $7.41bn in revenue, the company achieved a year-over-year (YoY) growth of nearly 25%. Following a strong start in its first quarter, what does the future of this cloud-based digital advisor look like? Join us as we undertake a fundamental analysis, catch up on the latest CRM stock news and get analyst insights on Salesforce share price forecast. Salesforce stock fundamental analysis: Q1 financial results Salesforce quarterly financial results for fiscal 2023 ended 30 April 2022 showcased strong demand across the diverse range of industries and regions it caters to. Its top-line figure of $7.41bn was a 24.32% increase from Q1 FY 2022 figure of $5.96bn. According to data by Refinitiv, Salesforce surpassed analyst revenue expectations of $7.38bn. Across its two broad categories of revenue generation, subscription and support, and professional services, the former contributed approximately 92% of the overall revenues. Professional services climbed up to $555m from $427m in Q1 FY 2022. The company’s subscription and support channelcan be segregated to its sales, services, marketing and commerce, platform, and data domains. Of these, services contributed the most to the overall revenue. At $1.8bn in Salesforce service rose by nearly 20% YoY from $1.5bn. The lowest contributor remained through its data domains at $1bn. At $4.97bn, the American markets had a YoY growth of 21%, followed by the EMEA region with a 33% increase at $1.73bn, while APAC grew by 24% to $702m. Salesforce’s remaining performance obligation (RPO), grew by 21%. On a constant currency basis, this growth reflects a 24% YoY growth. RPO represents future revenues from future contracts that will drive revenues within the next 12 months of the company’s operating cycle. Russia’s invasion of Ukraine in February 2022 saw the macro environment turning shaky amid global supply chain issues and rising inflation. Salesforce reported a revenue headwind of nearly $109m YoY due to adverse foreign exchange movements. However, from its core operating business, the performance remained solid, reporting $3.7bn through its operating cash flow for the quarter ended 30 April. The company showcased a 15% growth from the previous year’s $3.2bn for the same quarter. Salesforce has continually upgraded to offer more than sales and service-related products. Through its data, marketing and commerce platforms, the company’s revenue opportunities, calculated through its total addressable market (TAM), are anticipated to grow to $284bn by 2026. Salesforce’s bottom-line, however, remained underwhelming. Compared to the same quarter a year ago, net income fell to $28m from $469m. Using Q1 generally accepted accounting principles (GAAP) diluted earning per share (EPS) was $0.03. Non-GAAP diluted EPS of $0.98 beat the Zacks consensus analyst expectations of $0.93.
CAPITALCOM:CRMLong
by DaveBrascoFX
Salesforce in an ascending triangle.Salesforce - 30d expiry - We look to Buy at 192.32 (stop at 184.98) The primary trend remains bullish. Price action has formed a bullish ascending triangle formation. Trend line support is located at 192. The bias is to break to the upside. Trading close to the psychological 200 level. A break of bespoke resistance at 200, and the move higher is already underway. This stock has seen good sales growth. Our profit targets will be 209.48 and 212.48 Resistance: 200 / 205 / 210 Support: 190.50 / 187.31 / 185 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NYSE:CRMLong
by VantageMarkets
CRM's Inverse Head and Shoulders aiming at $240 by Q4Salesforce Inc (CRM) broke above its Inverse Head and Shoulders (IH&S) pattern and by early next week should form a Golden Cross on the 1D time-frame. With the MACD just forming a Bullish Cross, we have all the confirmation we need to go heavily bullish on CRM and with the Support of the 1D MA100 (green trend-line) on the long-term, target the 0.618 Fibonacci retracement level at $240 by Q4. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:CRMLong
by TradingShot
3
Salesforce continues to ride on bullish momentum.Salesforce - 30d expiry - We look to Buy a break of 167.51 (stop at 158.51) Short term momentum is bullish. There is no clear indication that the upward move is coming to an end. A break of the recent high at 167.24 should result in a further move higher. The previous swing high is located at 166.03. A clear break of 167.24 and we would look for further gains to 190.00. Our profit targets will be 189.89 and 194.89 Resistance: 167.24 / 172.50 / 177.00 Support: 163.00 / 160.00 / 155.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NYSE:CRMLong
by VantageMarkets
2
CRM Salesforce - Weekly Chart ConcernHello friends, today you can review the technical analysis idea on a 1W linear scale chart for Salesforce, Inc (CRM). The CRM price chart is self-explanatory. I posted about this stock in December 2021 and since that point, the price is down about 54%. It's not out of the water just yet as price has a possibility to head lower. There is a strong trend line where price may bounce from with historical support but that would mean price needs to come down another 29%. There is also a weekly Death Cross (50D and 200D SMA cross) that occurred recently, which may cause price to head lower. I have also included the Volume and RSI in this chart. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #millionaireeconomics
NYSE:CRM
by MillionaireEconomics
CRM Salesforce.com: Bigger Drop ComingHello friends, today I am completing a technical analysis on the 1M linear scale chart for Salesforce.com ( CRM ), traded on the NYSE. #CryptoPickk notes the following: 1) Salesforce.com price has been falling month over month, down about 20% from it's all time high price. 2) The price has been supported by a multi-year arc line (in red color). In the past year, the price was supported by a rising trendline (in yellow color), however it broke that support and has potential to fall further. 3) Historically the price has had very large swings as shown in the chart. 4) Based on a Fibonacci Retracement, the price has the potential to touch the 0.236 level around $160-$165, which is also where the price can touch the multi-year arc line. This would be about a 48% drop from the all time high price. 5) There is also a multi-year Bearish Divergence which formed that is also a major reason why a further price drop may be coming. You can see the price has formed HIGH HIGH and RSI and Stoch RSI has formed LOWER HIGH. 6) Keep an eye on the RSI (relative strength index) as it has touched the 49-50 level historically before seeing a bounce. This may be a place to potentially start dollar cost averaging in. 7) This isn't the first time the price has potential to see a sizable drop as it has shown historically that it drops and then recovers. What are your opinions on this? If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
NYSE:CRM
by MillionaireEconomics
8
Selling CRM at swing highs.Salesforce - 30d expiry - We look to Sell at 164.77 (stop at 172.51) Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. 166.59 has been pivotal. 166 continues to hold back the bulls. Preferred trade is to sell into rallies. The primary trend remains bearish. Our profit targets will be 145.55 and 140.55 Resistance: 153.40 / 158.00 / 165.00 Support: 148.35 / 145.00 / 137.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NYSE:CRMShort
by Saxo
CRM - BEARISH SCENARIOSalesforce, Inc. is a San Francisco, California-based software company with a $150.2 billion market capitalization. The company delivered a -40.86% return since the beginning of the year, while its 12-month returns are down by -44.84%. Despite the announcement that the company will execute its first-ever share buyback program and the plans to lift the prices that it charges for the Slack team communications app that it acquired last year the stock remain under pressure. The next stop is located at the $ 110 support level Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NYSE:CRMShort
by legacyFXofficial
Up and up with Salesforce.End of flat, Exit C pre confirmed. Ready to bet on a rise. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
NYSE:CRMLong
by Rykin_Capital
SALESFORCE - BEARISHS CENARIOSalesforce's second-quarter results topped Wall Street expectations, but the downtrend is more likely to continue due to the worsening of the business outlook. inflation and slowing U.S. growth are some of the main reasons for the company cut its revenue forecast The next price target is located at the $ 150 support level. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NYSE:CRMShort
by legacyFXofficial
Salesforce – Is it to Fall Even Further?Fundamental Indicators: Sector – Technology US Business Cycle Stage – late cycle, when this sector is not favourable Revenue – consistent growth for the past 10 years, 26% annual growth 5-year average Profits – significant drop from 2021 Net margin – quite low with 3.59% for tech company P/E – extremely high at 188 compared to S&P500 with 21 and Technology sector 27 Liabilities - debt ratio is at 0.37 which is within normal limits, Net Debt/ EBITDA is negative – no problems with debt Conclusion – great financial performance for the past 10 years but given the extremely high PE ratio and the current global economic situation it is grossly overpriced, so it is very likely to continue correcting Technical Analysis (Elliott Waves): Main scenario of this idea suggests that we are still observing development of the global growth cycle which is currently at the stage of completing the first leg of corrective wave 4 (see higher timeframe graph) Since the correction of March 2020, the stock price considerably updated historic highs but slightly choppy with a challenging EW count, in this case an Ending Diagonal has been chosen as wave 5 (see guidelines for Ending Diagonals below) From the high of October 2021 there has been a sharp fall in a clear impulsive move of wave A, followed by a sideway correction in wave B The next move in wave C is expected to reach $115-$122 and this will finalise the first leg of the global corrective wave 4 This is a higher timeframe to reflect the full history of Salesforce and to provide full wave count: This is the link to the guidelines for Ending Diagonals What do you think about Salesforce and its short term prospects? Also let me know if you would like to see other stocks, indices, Forex or Crypto analysed using Elliott Waves. Thanks
NYSE:CRMShort
by vitalalyt
2