Salesforce
Salesforce - unbelievable rise, defies gravity, software FTWSalesforce is one of those stocks where every time I think their growth can’t get any better, they turn around and show that their growth is still just getting started. This chart shows that.
Check out the quarterly revenue chart on the bottom panel. Wow. Continued growth and now they are doing $5 billion per quarter. They have yet to no *not* grow. At this point I am just totally impressed.
The Regression trend on the chart is meant to show how big the pop was as it spiked to all-time highs after beating earnings and being added to the Dow. It's the first cloud stock to enter the Dow. That alone says a lot.
Anyways, I am not long and don't plan on buying at any time soon. But, kudos to the team as they have proven me wrong. That's for sure.
Salesforce $CRM "cup w handle"$CRM has just cleared $184.80 handle buy point yesterday. RSI broke the trendline too and the volume was more than average.
12 months Consensus Price Target: $198.50
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Please don't trade according to the ideas, rely on your own knowledge.
CRM - SALESFORCE - SHORT SETUP USING PUTSMETHOD: Short SALESFORCE {price at entry 156.40} via :
+2 CRM 20 DEC 19 160 PUT @4.40 ; Trading with 0.75 of extrinsic value, well in the money.
STRATEGIES: Using CRM day chart :
The 20/50 Mean started a crossing downward pattern, and we can look for a new red cloud to form for a short.
The Fisher Transform bounce signal has failed and is now showing a continuation short near a critical support price.
TACTICS: The plan in terms of stock price :
STOP is price > 160
TGT1 153 scale; TGT2 148.75 to exit
Trail option price to Break Even once stock price < 154; OR consider scaling as red cloud becomes large
You may let the Fisher Transform and 20/50 mean together take you out technically for whatever you get win or lose.
Will update in comments,
B3
d^.^b
CRM: xABCD formation completion, -30% downsidePotential xABCD formation at c.$154 which also happens to be the 78.6% retracement level of the XA leg. If we extrapolate an ABCD down, the downside projection would be c.$106 which coincides with the 2012 uptrend line. If you like MA crosses, CRM is in the throes of a death cross.
Salesforce New All Time High - Before Christmas?! Nasdaq is down 13.5% off of its ATH while I'm making this call. :) Blood is in the streets.
NYSE:CRM Has built a massive Inverse H&S pattern that is completing it's trend reversal process and about to explode to a new all time high. We're seeing accumulation and accelerated buying right now while the market overall is extremely fearful and bearish (overly so). Fundamentally this company is on fire. It's currently significantly undervalued because of the fear in the market and since earnings is weathering the storm like a rock. I've taken this opportunity to accumulate significantly more.
Salesforce is on the A-team of the software squad and ideally positioned to harpoon any whales that come near their boat.
It has promoted itself as the emblematic tech growth stock promising to smash $16 billion of annual revenue by next year.
The number of deals generating more than $1 million was up 46% YOY in the third quarter.
Salesforce is poised to continue its ascent and that basically means quarterly sales growth in the mid-20s for the foreseeable future.
There is an addressable market of $200 billion and the pipeline is rich as ever could be.
Salesforce has really turned the corner with free cash flow and profitability. It was only a few years ago they were turning in heavy losses, but this new Salesforce will be even more profitable as the network effect makes the sum of the parts and each add-on cloud-based software tool even more valuable.
Salesforce beat and raised its outlook calming the frayed nerves of investors looking to dump software stocks.
Just look at the billings growth that was anticipated at 19%, Salesforce smashed it by 8% coming in at 27%.
Not only are they scooping up new customers, but renewals have been just as robust.
The truth is that Salesforce can’t roll out enough cloud-based software products to meet the insatiable demand.
All of this backs up my thesis that software stocks will be the outsized winners of 2019.
Salesforce new all time high before Christmas! R/R very goodNasdaq is down 13.5% off of its ATH while I'm making this call. :) Blood is in the streets.
NYSE:CRM Has built a massive Inverse H&S pattern that is completing it's trend reversal process and about to explode to a new all time high. We're seeing accumulation and accelerated buying right now while the market overall is extremely fearful and bearish (overly so). Fundamentally this company is on fire. It's currently significantly undervalued because of the fear in the market and since earnings is weathering the storm like a rock. I've taken this opportunity to accumulate significantly more.
Salesforce is on the A-team of the software squad and ideally positioned to harpoon any whales that come near their boat.
It has promoted itself as the emblematic tech growth stock promising to smash $16 billion of annual revenue by next year.
The number of deals generating more than $1 million was up 46% YOY in the third quarter.
Salesforce is poised to continue its ascent and that basically means quarterly sales growth in the mid-20s for the foreseeable future.
There is an addressable market of $200 billion and the pipeline is rich as ever could be.
Salesforce has really turned the corner with free cash flow and profitability. It was only a few years ago they were turning in heavy losses, but this new Salesforce will be even more profitable as the network effect makes the sum of the parts and each add-on cloud-based software tool even more valuable.
Salesforce beat and raised its outlook calming the frayed nerves of investors looking to dump software stocks.
Just look at the billings growth that was anticipated at 19%, Salesforce smashed it by 8% coming in at 27%.
Not only are they scooping up new customers, but renewals have been just as robust.
The truth is that Salesforce can’t roll out enough cloud-based software products to meet the insatiable demand.
All of this backs up my thesis that software stocks will be the outsized winners of 2019.
CRM bearish divergence pointing to short term correctionCRM is a name in a long term uptrend I really like for a long, and the technicals are telling me a long signal may be coming up soon. But first, we're getting some pretty clear short signals that I fully intend to take advantage of.
CRM has been trending up in a long term channel and recently the lower support line has risen much sharper while the resistance line remains the same, giving us a beautiful descending wedge pattern to play off of. Resistances right now are the Upper Bollinger Band and the upper resistance of the channel. While Salesforce has been able to breach the Upper Bollinger Band in the past, it generally cannot maintain the breakout for long, and always rejects hard when up against the channel resistance.
Further, the daily chart is setting up bearish divergence on the MACD and RSI oscillators, adding to my confidence of a short term correction in the near future.
We currently have a double bottom on the daily at 158.93, the loss of which could signal an earlier entry. I'm looking for a loss of the hourly higher lows to signal an entry - in the current formation that would be a loss of 158.12 support. My profit target would be to cover in the $150-145 range, and I would cover for a loss if we set a new all time high above 161.08.
CRM 10-Day-Ahead Prediction - 04/02-04/13 PeriodArtificial Intelligence/Deep Learning Enabled 10 Day Ahead Predicted values for Salesforce.com - CRM have been plotted on the chart.
The method used in this prediction is Deep Learning based, and using complex mathematical models to extract hidden time series features in vast amounts of CRM related data.
We have chosen the stocks with the highest expected percentage change in 10 Days, and CRM is one of them.
The expected 5 Day Change is 4.9324 %
The expected 10 Day Change is 5.942 %
Predictability Indicator is calculated as : 0.847
Predicted 10-Day Ahead Prices are as follows:
Mon Apr 02 Tue Apr 03 Wed Apr 04 Thu Apr 05 Fri Apr 06
119.89 121.29 121.46 121.68 122.03
Mon Apr 09 Tue Apr 10 Wed Apr 11 Thu Apr 12 Fri Apr 13
122.58 123.04 123.19 123.16 123.21
Please note that outliers/non-linearities might occur, however our Artificial Intelligence/Deep Learning Enabled predictions indicate the softened/smoothed moving direction of the stocks/commodities/World indices/ETFs/Foreign Currencies/Cryptocurrencies.
Feel free to contact me for your questions.
CRM Salesforce - Time for a PullbackSpinning Top candlestick forming on the weekly. xSilas' Godmode and Stoch RSI both throwing up cautionary signs on almost every timeframe. Hanging out at the top of the Bollinger Bands and looking for a reversion.
Entry at $125. Stop set at $132 in case this thing defies all. Take profit at $109-$110, but may very well just hit Bollinger's mean and keep climbing up. Short in the short run, Long other wise. Good upcoming opportunity to "buy the dip", as they say.
Squiggly lines for fun.
CRM long strategya long strategy on CRM
trend for sector and stock is long
I have underlined in yellow and purple some tendencies of this price
I added a pitchfork to follow the path of the stock
all explanation are into the chart
I'll enter step by step, following the trend
time is months till cash in (even in that case, I'll cash in step by step...)
this is a raw idea, looking for some feedback to validate or change or abort!
to get more infos about CRM >
people > www.reuters.com
analyst > www.reuters.com
> marketrealist.com
> marketrealist.com
ADDITIONAL INDICATOR CRM is heading downFor the second trading day in a row, another historical indicator points to continued decline for CRM. Historically when TSI breaks below this level, the stock drops at least 1.05%, with an average of 2.37%. There are two long term support trendlines and the nearest is around 65.30.
A conservative drop to around 65.75 within the next few weeks is my safer play. PUT options could bring in 15-35% if placed appropriately.
The long term trend is a wedge with an apex around 68.88 for November 2017. Most like the stock will break the wedge prior to that point but could be entering a state of less than 10 point moves over many months.
Where is the R/R in CRM?Technically Speaking
Salesforce is holding the 100 WMA. A move to the 2016 high print would be about a 12% move.
To the downside, minor support is at 68 with 64 being the key support level, in my view.
Where is the R/R?
For me, this stock is in no-man's land. For a long position I would rather wait for 68 or 64.
Of course, it may never get there, it might just shoot right on up and make new highs. You have to decide if that's a risk you will take.
Fundamentals
Here is a nice write up about the latest earning release.