Londinia Opportunities Analyses - 12/05/2022 (GMT) SALESFORCE INC. - 1H

- USD (-)

- 15 min delayed data - NYSE Stocks

Type:	Stocks
Ticker:	CRM
ISIN:

Londinia

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.

U.S. Stocks
Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

89%

My opinion

Bearish under 139.72 USD

My targets

136.04 USD (-1.94%)

130.79 USD (-5.72%)

My analysis

The bearish trend is currently very strong for SALESFORCE INC.. As long as the price remains below the resistance at 139.72 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 136.04 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 130.79 USD as an objective. Crossing it would then enable sellers to target 123.09 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

8.8

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Additional analysis

Quotes

SALESFORCE INC. rating 138.73 USD. The price registered a decrease of -4.03% on the session with the lowest point at 138.63 USD and the highest point at 144.39 USD. The deviation from the price is +0.07% for the low point and -3.92% for the high point.

138.63

144.39

138.73

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 5 days

Technical

Technical analysis of SALESFORCE INC. in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 16 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	67.08	123.09	136.04	138.73	139.72	142.03	147.46
Change (%)	-51.65%	-11.27%	-1.94%	-	+0.71%	+2.38%	+6.29%
Change	-71.65	-15.64	-2.69	-	+0.99	+3.30	+8.73
Level	Minor	Major	Minor	-	Major	Intermediate	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	140.73	141.75	143.16	144.18	145.59	146.61	148.02
Camarilla	143.89	144.12	144.34	144.56	144.78	145.01	145.23
Woodie	140.92	141.85	143.35	144.28	145.78	146.71	148.21
Fibonacci	141.75	142.68	143.26	144.18	145.11	145.69	146.61

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	119.51	130.79	137.68	148.96	155.85	167.13	174.02
Camarilla	139.56	141.23	142.89	144.56	146.23	147.89	149.56
Woodie	117.31	129.69	135.48	147.86	153.65	166.03	171.82
Fibonacci	130.79	137.73	142.02	148.96	155.90	160.19	167.13

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	112.63	124.34	142.29	154.00	171.95	183.66	201.61
Camarilla	152.09	154.81	157.53	160.25	162.97	165.69	168.41
Woodie	115.76	125.90	145.42	155.56	175.08	185.22	204.74
Fibonacci	124.34	135.67	142.67	154.00	165.33	172.33	183.66

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):	30.14
MACD (12,26,9):	-2.6600
Directional Movement:	-22.52
AROON (14):	-71.43
DEMA (21):	141.69
Parabolic SAR (0,02-0,02-0,2):	154.53
Elder Ray (13):	-3.47
Super Trend (3,10):	146.27
Zig ZAG (10):	139.40
VORTEX (21):	0.8900
Stochastique (14,3,5):	5.51
TEMA (21):	140.11
Williams %R (14):	-95.91
Chande Momentum Oscillator (20):	-5.95
Repulse (5,40,3):	-2.4200
ROCnROLL:	2
TRIX (15,9):	-0.2200
Courbe Coppock:	8.84

MA7:	149.96
MA20:	150.88
MA50:	151.53
MA100:	161.62
MAexp7:	141.87
MAexp20:	144.98
MAexp50:	147.96
MAexp100:	149.62
Price / MA7:	-7.49%
Price / MA20:	-8.05%
Price / MA50:	-8.45%
Price / MA100:	-14.16%
Price / MAexp7:	-2.21%
Price / MAexp20:	-4.31%
Price / MAexp50:	-6.24%
Price / MAexp100:	-7.28%

Quotes : - 15 min delayed data - Actions NYSE

News

Don't forget to follow the news on SALESFORCE INC.. At the time of publication of this analysis, the latest news was as follows: