CRM . US Stock245 below weak
240/235/231/227 can test soon
support & trendline breakdown possible
227 below will review target again
FOO trade ideas
$CRM 300c exp Jan 2025 is a low-risk bullish trade.Morgan Stanley's note on NYSE:CRM : Weak bookings in Q1 further test investor patience as the GenAI innovation cycle has yet to inflect top-line results and now increasingly becomes a point of competitive concern. However, the multiple does not reflect any GenAI expectations and actually under prices core EPS growth.
CRM Wedge Pattern
Wedge pattern coming to a close by the end of this trading week July 29. If it breaks up, +293 is target. Downside 216. Watching closely.
CRM - 2 Scenarios hereBounced back from the earnings gap down and filled the gap.
Now it’s pulling back for a retracement.
Downside target from this retrace - 260
If it breaks, Target - 200-190
If it holds , Target - 297-300
$CRM sending warning shot wop wop wopNYSE:CRM is showing positive signs in the area where it is sold, aiming to go back up, maybe even higher. Longer-term buy signal! Relative Strength Index (RSI): The RSI is 50.98, which is bullish. The MACD is 0.72. The ADX is 17.77, which is a buy signal
What do you think?
Gray clouds for GrowthStocks without AIHello Trader,
The cloud enterprise sector is starting to anticipate a number of gray clouds and it is starting to look like there are several companies favored to get their act together or fall off the AI Boom list.
The Cloud services industry includes giants such as:
- Salesforce(NASDAQ:CRM)
- MongoDB(NASDAQ:MDB)
- WorkDay(NASDAQ:WDAY)
With BVP Nasdaq experiencing a 10% correction this year, and the reason is the transition of GrowthStocks to Mature - consolidated companies and that makes them miss their own current sector trend. In addition to this, native AI companies are putting these giants in trouble.
Do you think it might be the right time to invest in any of these three?
Please, I look forward to your comments! Happy week end.
Ion Jauregui - Analyst ActivTrades
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$CRMNYSE:CRM another software stock setting up, building nice consolidation. I see this one breaking out before NASDAQ:ZS , this week or next week at latest
CRM - A potential setup for a swing tradeRemain vigilant for daily reversal candles occurring near the support area. In the event of a daily closing breach of the support levels (red lines), there is a possibility of further downward movement, emphasizing the importance of implementing risk management strategies.
CRM - Continuation of the Downtrend CycleThe alignment and compaction of Fiboclouds signal the continuation of the downward movement.
If this projection is confirmed and a partial realization occurs at the first target, the stop loss should be moved from its initial position to the same line where the position was entered.
This way, the journey towards the final target will proceed with reduced risk of losses and the preservation of the partial gains achieved so far.
Follow us to receive notifications of new trades as well as frequent updates on ongoing trades.
Finally, if you agree with the idea or found it useful, please give it a BOOST so that it can reach more people! Thank you!
Breaking trendline I think from this point the stock can go higher as it is bouncing from weekly trend
And negative pressures have been removed and there is a lot of inside her mind
CRM eyes on 212 then 208: earnings dump nearing BUY levelsEarnings Report caused a massive dump.
Now approaching some key support zones.
The "wait 3 days" rule might bring it to us.
$ 212.34 - 212.34 is the first support below.
$ 207.55 - 208.20 next, a must-hold for bulls.
$ 223.06 - 224.58 is the immediate resistance.
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Salesforce BullsSalesforce bulls have stepped in here.
Fibonacci Confluence at the 0.382 and the 0.5 Fibonacci Speedfan.
Bounce off a monthly horizontal support level. Bull stepped in and we were able to get a bullish hammer candle.
Bulls back to take control from here? I suspect sideways consolidation before a move back up towards the path of $400+
CRM Bull Put SpreadThis was a Bullish direction position put on after that massive 21% Sell Off post earnings.
Expected a bounce after that drastic collapse.
Currently this is set to make $119, which will make up for the $75 loss on this Call Condor position:
Put legs: -195 +190
Expires Jul 19th
$111.48 (post fees) made on $888.52 allocated or 12.55% gain on capital invested
A RARE OPPORTUNITYSalesforce is the largest CRM software provider with a presence in over 100 countries and they power some of the largest companies globally. Fundamentally, Salesforce is a strong company, and historical financial statements are more than enough evidence for continued growth into the future.
Thursday's sell-off was an over-reaction of the market and it provided us with an opportunity to buy into the company. Technically, the share price was too risky, and a double-top profit-taking signal was bound to be triggered.
The abnormal sell-off provided us with a RARE opportunity to buy Salesforce stocks at an attractive discount. If the price breaks the shoulder line, we will add to our holdings, if the price recovers to $300, we will offload 50% of the position and let the remaining 50% run for dividends accumulation and capital gains.
$CRMNot financial advice.
NYSE:CRM
weekly candle chart entering a common A, B, C correction.
Gaps to be filled in purple boxes.
will see what time says.
Like and follow for more ideas.
CRM Bullish Signal Bearish SentimentCRM recently posted their Earnings but had a huge over reaction and fell down almost 20%
in a long term chart you can see a clear formation of cup and handle which is a very bullish pattern for a long term horizon
CRM has strong fundamentals
Right now CRM is in bearish trend can fall up to 200 but this is where the opportunity arises
Start accumulating at current prices until 200 drop
STOP LOSS @ 195
Entry @ now until 200 drop
TP would be amazing as it will bounce back to its previous top of 315
CRM: Sell ideaSell idea on CRM as you see on the chart afetr the breakout with force the vwap and the support line by a big red candle follow by a large red volume.Thanks!
Strategic Entry Point for CRM: Tight Risk, High Reward PotentialOuch, that was a nasty blow for all the CRM bulls. Now the question arises: What's next? A look at the volume profile, from the December 2022 low to the March 2024 high, shows that the price has stopped exactly at the POC of this trading range - and exactly so. This is certainly no coincidence. This offers a good chance for a long entry. Although no one can say with certainty that prices will start rising again immediately, the area where the CRM stock is now allows us to tightly limit our risk and fully capitalize on the potential upside.
CRM DCM
Insider buying is happening cautiously
Buy with 1 percent risk and double that risk doing DCM in 210-200 Zone.
Entry at Current Market Price
SL @ 196
5/29/24 - $crm - willing buyer into EPS WITH +ve tape into close5/29/24 - vrockstar - NYSE:CRM - this should be on everyone's short list. visibility toward 7+ bn of fcf (don't dilute w/ options like many other smaller tech which i've been warning against + stock not broken) which means that's about a 2.5% yield. i think you could do better in NASDAQ:AAPL at >3%, but again it's not software, nevermind stickier B2B. sub 30x PE for CRM (~28x) is reasonable given mid 20s EPS growth. don't love the HSD revenue growth - but at a $260 bn valuation it's not easy to grow like nvda, obviously. So all else equal, this should be a good result, i'm tempted to get long - as it's a good hiding spot in B2B software which is getting shot (more on this in posts to come), which i think could support the bid as well. the tape looks a bit messy into the open, we have some fed data coming today, inflation prints this friday, jobs next week. we're at the end of earnings season and only nvda is levitating these markets. my bias here is to be greedy and look for a better entry... let's see how the day shapes up. if we show some index resilience into 2H of the day and especially into the close, i'll probably swing long.
Salesforce Slumps 45% in Pre-market Trading After Earnings PostSalesforce ( NYSE:CRM ) shares plunged more than 44% in pre-market trading on Wednesday after the company reported its first quarterly revenue miss in 18 years and issued weak annual guidance. The cloud software maker's current Remaining Performance Obligation (cRPO) metric, which combines deferred revenue and order backlog, indicates slowing momentum. Salesforce CEO Brian Millham told analysts on the earnings call that the company saw budget scrutiny and longer deal cycles than usual during the quarter.
Salesforce ( NYSE:CRM ) shares trended steadily higher for 12 months following the 50-day moving average crossing above the 200-day MA in March last year to form a bullish golden cross pattern. However, since topping out in March this year, the price has fallen below the 50-day MA, with the indicator also acting as a line of resistance during a recent countertrend rally earlier this month.
Amid uncertainty over the macroeconomic environment, enterprise customers continue to spend cautiously on software. Salesforce's AI-focused data cloud business contributed to 25% of the deals valued above $1 million in the first quarter, unchanged from the prior quarter. It did not disclose more financial details about the business, which was nearing $400 million in annual recurring revenue in its last fiscal year.
Some brokerages warned that Salesforce's forecast also meant software demand had slowed further in April. The selling environment got worse from the end of March and more pronounced in April, which could explain why off-cycle names, like Workday or Salesforce, suffered more than ServiceNow or Microsoft. Salesforce could turn to large deals to accelerate growth and would consider them if they were "accretive" and had "the right metrics."
Activist investors pressured Salesforce last year to prioritize profitability, after years of growing its business through big deals, including the $27.7 billion acquisition of Slack in 2021. RBC analyst Rishi Jaluria said that investors wouldn't react well to most large deals at this point, given growth is slowing down, a big acquisition would be viewed as buying growth.
At least ten brokerages lowered their price targets on the stock following the results. D.A. Davidson's PT of $230 was the lowest among 49 analysts covering the stock.
Technical Analysis of Salesforce.As of the latest close, Salesforce (CRM) is trading at $271.62, up by $1.79 (0.66%). The pre-market data shows a significant drop to $228.03, down by $43.59 (-16.05%). This sharp pre-market decline suggests potential upcoming volatility.
Relative Strength Index (RSI): The RSI value is 39.75, indicating a neutral to slightly oversold condition. This suggests that while the stock is not extremely oversold, it is approaching levels that could attract buyers.
Stochastic %K: At 16.23, the Stochastic %K is neutral, suggesting limited momentum either way.
Commodity Channel Index (CCI): The CCI is at -96.65, also indicating a neutral position.
Average Directional Index (ADX): The ADX is 22.46, indicating a weak trend.
Momentum (10): This is a buy signal with a value of -5.18, indicating short-term bullish momentum.
MACD Level (12, 26): At -2.03, the MACD indicates a sell signal, suggesting bearish momentum.
The majority of moving averages, including the 10-day, 20-day, 30-day, 50-day, and 100-day, suggest a sell signal. The 200-day exponential moving average is a buy at 260.29, indicating long-term support around this level.
Support Levels: S1 at 254.43, S2 at 239.92, and S3 at 196.98.
Resistance Levels: R1 at 297.38, R2 at 325.81, and R3 at 368.76.
Pivot Point: 282.87.
The recent candlestick patterns and Ichimoku Cloud analysis indicate a bearish trend, with the price moving below the cloud and key resistance levels. The RSI and MACD corroborate this bearish sentiment.
Short Position: Enter a short position if the price breaks below the pre-market low of $228.03. Set a stop-loss at $240.00 to limit potential losses. The first target for the short position would be the S2 support level at $239.92, followed by S3 at $196.98 if bearish momentum continues.
Long Position: Consider entering a long position if the stock shows signs of recovery and breaks above the pivot point at $282.87. Set a stop-loss at $275.00. The first target for this long position would be R1 at $297.38, followed by R2 at $325.81.
Salesforce (CRM) is currently showing bearish signals across multiple technical indicators and moving averages. The significant pre-market drop suggests a bearish sentiment that could persist. Traders should look for short opportunities below $228.03 with cautious stop-loss settings, and only consider long positions if there is a definitive break above the pivot point at $282.87. The upcoming earnings report on August 28 could be a catalyst for future price action, so keeping an eye on fundamental developments is crucial.
