SALESFORCE INC. - 1H - Technical analysis published on 07/27/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 244.82 USD
My targets
240.91 USD (-0.86%)
237.22 USD (-2.38%)
My analysis
SALESFORCE.COM INC is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 244.82 USD. The next support located at 240.91 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 237.22 USD. Below this support, sellers could then target 234.31 USD.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
5.2
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SALESFORCE.COM INC rating is 243.01 USD. The price registered a decrease of -1.85% on the session and was between 242.37 USD and 248.13 USD. This implies that the price is at +0.26% from its lowest and at -2.06% from its highest.242.37
248.13
243.01
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by SALESFORCE.COM INC:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this SALESFORCE.COM INC chart shows a bearish trend. The signals given by moving averages are 67.86% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 234.31 | 237.22 | 240.91 | 243.01 | 244.82 | 248.59 | 250.56 |
| Change (%) | -3.58% | -2.38% | -0.86% | - | +0.74% | +2.30% | +3.11% |
| Change | -8.70 | -5.79 | -2.10 | - | +1.81 | +5.58 | +7.55 |
| Level | Minor | Minor | Intermediate | - | Minor | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 243.46 | 244.64 | 246.12 | 247.30 | 248.78 | 249.96 | 251.44 |
| Camarilla | 246.87 | 247.11 | 247.36 | 247.60 | 247.84 | 248.09 | 248.33 |
| Woodie | 243.61 | 244.72 | 246.27 | 247.38 | 248.93 | 250.04 | 251.59 |
| Fibonacci | 244.64 | 245.66 | 246.28 | 247.30 | 248.32 | 248.94 | 249.96 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 221.94 | 228.12 | 238.19 | 244.37 | 254.44 | 260.62 | 270.69 |
| Camarilla | 243.78 | 245.27 | 246.76 | 248.25 | 249.74 | 251.23 | 252.72 |
| Woodie | 223.88 | 229.09 | 240.13 | 245.34 | 256.38 | 261.59 | 272.63 |
| Fibonacci | 228.12 | 234.33 | 238.17 | 244.37 | 250.58 | 254.42 | 260.62 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 214.98 | 222.20 | 233.24 | 240.46 | 251.50 | 258.72 | 269.76 |
| Camarilla | 239.25 | 240.92 | 242.60 | 244.27 | 245.94 | 247.62 | 249.29 |
| Woodie | 216.88 | 223.16 | 235.14 | 241.42 | 253.40 | 259.68 | 271.66 |
| Fibonacci | 222.20 | 229.18 | 233.49 | 240.46 | 247.44 | 251.75 | 258.72 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 36.99 | |
| MACD (12,26,9): | 0.3100 | |
| Directional Movement: | -11.36 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 247.10 | |
| Parabolic SAR (0,02-0,02-0,2): | 248.81 | |
| Elder Ray (13): | -2.82 | |
| Super Trend (3,10): | 248.35 | |
| Zig ZAG (10): | 243.37 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 12.47 | |
| TEMA (21): | 246.20 | |
| Williams %R (14): | -93.49 | |
| Chande Momentum Oscillator (20): | -5.74 | |
| Repulse (5,40,3): | -1.8000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 1.93 |
| MA7: | 243.85 | |
| MA20: | 244.28 | |
| MA50: | 238.78 | |
| MA100: | 229.34 | |
| MAexp7: | 245.55 | |
| MAexp20: | 246.25 | |
| MAexp50: | 244.76 | |
| MAexp100: | 243.97 | |
| Price / MA7: | -0.34% | |
| Price / MA20: | -0.52% | |
| Price / MA50: | +1.77% | |
| Price / MA100: | +5.96% | |
| Price / MAexp7: | -1.04% | |
| Price / MAexp20: | -1.32% | |
| Price / MAexp50: | -0.72% | |
| Price / MAexp100: | -0.40% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
Don't forget to follow the news on SALESFORCE.COM INC. At the time of publication of this analysis, the latest news was as follows:
- Salesforce Completes Acquisition of Slack
- Drive DeVilbiss Healthcare Chooses Asperii to Deploy a Tailored Salesforce Solution to Boost Operational Efficiencies
- Salesforce Debuts Advertising Sales Management for Media Cloud to Automate Ad Sales and Improve Campaign Performance for Publishers
- Datadog Announces Real-Time Monitoring and Threat Detection for the Salesforce Platform
- Vonage Wins Partner of the Year Award from Salesforce for Second Consecutive Year
This member declared not having a position on this financial instrument or a related financial instrument.
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