SALESFORCE INC. - Daily - Technical analysis published on 06/27/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 150.01 USD
My targets
145.14 USD (-2.62%)
137.81 USD (-7.53%)
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 150.01 USD. The next support located at 145.14 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 137.81 USD. Below this support, sellers could then target 130.87 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SALESFORCE.COM INC rating 149.04 USD. On the day, this instrument lost -0.20% and was traded between 148.92 USD and 151.38 USD over the period. The price is currently at +0.08% from its lowest and -1.55% from its highest.148.92
151.38
149.04
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by SALESFORCE.COM INC:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this SALESFORCE.COM INC chart shows a sharp bearish trend. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 100
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : Daily
Technical indicators are strongly bearish, suggesting that the price decline is expected to continue.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : Daily
Aroon indicator bearish trend
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Near support of channel
Type : Bullish
Timeframe : Daily
Near support of triangle
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 130.87 | 137.81 | 145.14 | 149.04 | 150.01 | 155.21 | 160.43 |
| Change (%) | -12.19% | -7.53% | -2.62% | - | +0.65% | +4.14% | +7.64% |
| Change | -18.17 | -11.23 | -3.90 | - | +0.97 | +6.17 | +11.39 |
| Level | Minor | Minor | Intermediate | - | Major | Intermediate | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 143.25 | 145.92 | 147.63 | 150.30 | 152.01 | 154.68 | 156.39 |
| Camarilla | 148.14 | 148.54 | 148.94 | 149.34 | 149.74 | 150.14 | 150.54 |
| Woodie | 142.77 | 145.68 | 147.15 | 150.06 | 151.53 | 154.44 | 155.91 |
| Fibonacci | 145.92 | 147.59 | 148.63 | 150.30 | 151.97 | 153.01 | 154.68 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 143.29 | 146.58 | 151.71 | 155.00 | 160.13 | 163.42 | 168.55 |
| Camarilla | 154.52 | 155.30 | 156.07 | 156.84 | 157.61 | 158.38 | 159.16 |
| Woodie | 144.21 | 147.04 | 152.63 | 155.46 | 161.05 | 163.88 | 169.47 |
| Fibonacci | 146.58 | 149.80 | 151.78 | 155.00 | 158.22 | 160.20 | 163.42 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 42.70 | |
| MACD (12,26,9): | -1.2200 | |
| Directional Movement: | -11.54 | |
| AROON (14): | -85.72 | |
| DEMA (21): | 151.43 | |
| Parabolic SAR (0,02-0,02-0,2): | 162.70 | |
| Elder Ray (13): | -2.32 | |
| Super Trend (3,10): | 146.86 | |
| Zig ZAG (10): | 149.04 | |
| VORTEX (21): | 0.8600 | |
| Stochastique (14,3,5): | 11.63 | |
| TEMA (21): | 151.32 | |
| Williams %R (14): | -96.88 | |
| Chande Momentum Oscillator (20): | -3.75 | |
| Repulse (5,40,3): | -5.5900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1100 | |
| Courbe Coppock: | 2.29 |
| MA7: | 152.82 | |
| MA20: | 152.88 | |
| MA50: | 156.24 | |
| MA100: | 158.02 | |
| MAexp7: | 151.79 | |
| MAexp20: | 153.09 | |
| MAexp50: | 154.95 | |
| MAexp100: | 154.55 | |
| Price / MA7: | -2.47% | |
| Price / MA20: | -2.51% | |
| Price / MA50: | -4.61% | |
| Price / MA100: | -5.68% | |
| Price / MAexp7: | -1.81% | |
| Price / MAexp20: | -2.65% | |
| Price / MAexp50: | -3.81% | |
| Price / MAexp100: | -3.57% |
News
The latest news and videos published on SALESFORCE.COM INC at the time of the analysis were as follows:
- Salesforce Grants Equity Awards to MapAnything Employees Under Its Inducement Equity Incentive Plan
- Persistent Acquires youperience™, Bringing it Together With PARX to Create Europe's Leading Boutique Salesforce Partner
- Tokio Marine & Nichido Selects Salesforce to Exceed Customer Expectations at Every Touchpoint
- Salesforce Brings the Customer Data Platform to the World's #1 CRM
- Salesforce Co-CEO to Participate in Panel During Governance Week 2019
This member declared not having a position on this financial instrument or a related financial instrument.
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