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12/07/2023 16:12:00 EST
Salesforce.com Inc (CRM)
Industry: Software - Application
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 30 trading days, CRM has been trading in a range between $225.13 and $196.25 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
CRM is trading below resistance at $260.00, about 4% to the upside. There is support at $218.87 -12% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
Salesforce.com Inc (CRM) entered a Green zone 23 days ago on the AI powered stock chart. Wall Street analysts have a recent rating of 4.077, which is a Strong Buy. The current analyst target price is $240.47, which gives it a potential down side of -3.37 % from the recent price of 248.85. The stock is trading 5.86% (potential upside) below its 52 week high of $263.43 and 96.97 % (potential downside) above its 52 week low of $126.34 - based on the recent price.
Company Summary
Salesforce, Inc provides Customer Relationship Management (CRM) technology that brings companies and customers together worldwide. The company's service includes sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and relationship intelligence, and deliver quotes, contracts, and invoices; and service that enables companies to deliver trusted and highly personalized customer service and support at scale.
News
| Trillion-Dollar Aspirations: 3 Stocks With Sky-High Potential Apple (NASDAQ: AAPL ) was the first company to reach $1 trillion in market capitalization in 2018. Value creation has continued, with its market valuation topping $3 trillion in June 2023. Source: InvestorPlace Wed, 06 Dec 2023 14:46:12 -0500 Sentiment: Positive |
| The Dow Jones Is Aiming at All-Time Highs, and These 2 Stocks Are Leading the Charge The Dow Jones Industrial Average is within 2% of setting a record high. Salesforce and Boeing are the best performers in the Dow Jones over the past month. Source: The Motley Fool Wed, 06 Dec 2023 10:17:31 -0500 Sentiment: Positive |
| The 3 Best Dow Stocks to Buy in December The Dow Jones Industrial Average, also known as the Dow 30, is on a hot streak. After trailing the benchmark S&P 500 and tech-laden Nasdaq indices for most of 2023, the Dow has been leading in recent weeks, having gained 8% in November and hitting a new 52-week high. Source: InvestorPlace Wed, 06 Dec 2023 06:30:00 -0500 Sentiment: Positive |
| Big Names to Watch: 3 Blue-Chip Stocks for Portfolio Success Not every investor wants to roll the dice and take on risky stocks. While some of those stocks can deliver life-changing gains, these types of stocks can also end up accruing significant losses. Source: InvestorPlace Tue, 05 Dec 2023 16:28:22 -0500 Sentiment: Positive |
| Here is What to Know Beyond Why Salesforce Inc. (CRM) is a Trending Stock Recently, Zacks.com users have been paying close attention to Salesforce.com (CRM). This makes it worthwhile to examine what the stock has in store. Source: Zacks Investment Research Tue, 05 Dec 2023 10:31:55 -0500 Sentiment: Positive |
Technicals 52 Week Hi: 263.43 52 Week Low: 126.34 Beta: 1.24 50 Day MA: 213.0474 200 Day MA: 206.7888 Earnings / Revenue Trends Qtr Earnings Growth YOY: 4.952 Qtr Revenue Growth YOY: 0.113 Forward PE: 26.3158 Trailing PE: 94.3674