salesforce.com (NYSE:CRM) Heffx Trading Outlook
Overall, the bias in prices is: Downwards.
Short term: Prices are moving.
Intermediate term: Prices are trending.
Note: this chart shows extraordinary price action to the downside.
By the way, prices are vulnerable to a correction towards 72.88.
The projected upper bound is: 71.88.
The projected lower bound is: 68.75.
The projected closing price is: 70.31.
During the past 10 bars, there have been 2 white candles and 6 black candles for a net of 4 black candles. During the past 50 bars, there have been 15 white candles and 28 black candles for a net of 13 black candles.
A gravestone doji occurred. This often signifies a top (the longer the upper shadow, the more bearish the signal).
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 16.1678. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a sell 14 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 24.46. This is where it usually bottoms. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 6 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -78. This is not a topping or bottoming area. The last signal was a buy 1 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 7 period(s) ago.
Rex Takasugi – TD Profile
SALESFORCE COM closed unchanged at 70.390. Volume was 219% above average (trending) and Bollinger Bands were 251% wider than normal.
Open High Low Close Volume___
70.390 70.390 70.390 70.390 747,128
Short Term: Oversold
Intermediate Term: Bearish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 71.58 73.12 75.73
Volatility: 25 14 11
Volume: 551,103 273,810 207,337
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
SALESFORCE COM is currently 7.1% below its 200-period moving average and is in an downward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. Our volume indicators reflect volume flowing into and out of CRM.N at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on CRM.N and have had this outlook for the last 5 periods. Our momentum oscillator is currently indicating that CRM.N is currently in an oversold condition.
Latest posts by HEFFX Australia (see all)
- Alibaba Group Holding Limited (NYSE:BABA) Technicals Suggest Stock Oversold - April 26, 2018
- Amazon.com, Inc. (NASDAQ:AMZN) Downward Trend - April 26, 2018
- The Goldman Sachs Group, Inc. (NYSE:GS) Remains Under Pressure - April 26, 2018