Salesforce (CRM) Analysis: Bullish Trend, Caution Signals, and Technical Indicators to Watch
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Salesforce (CRM) Analysis: Bullish Trend, Caution Signals, and Technical Indicators to Watch
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Description
**Salesforce (CRM) Analysis** 1. **Current Price and Intraday Trading Range**: As of November 12, 2024, CRM stock closed at $340.71, with a high of $344.88 and a low of $325.25...
show more1. **Current Price and Intraday Trading Range**: As of November 12, 2024, CRM stock closed at $340.71, with a high of $344.88 and a low of $325.25 on November 11, 2024[4][5].
2. **Pre-market and After-hours Movement**: On November 12, 2024, CRM stock saw a slight increase of 0.09% in after-hours trading, reaching $341.03[4].
3. **Trading Volume vs Average**: The trading volume on November 11, 2024, was 13.23M, which is higher than the average volume seen in the previous days[4].
4. **Recent News or Announcements**: There were no significant news or announcements in the last 24 hours that could have impacted CRM stock price.
5. **Major Analyst Updates or Price Target Changes**: No recent analyst updates or price target changes were found in the available sources.
6. **Options Flow Activity**: No specific data on options flow activity was available in the provided sources.
7. **Related Semiconductor/AI Sector News**: No direct impact from semiconductor/AI sector news was identified in the available sources.
8. **Key Technical Indicators for Day Trading**:
- **Fear & Greed Index**: 39 (Fear), indicating caution[3].
- **Sentiment**: Bullish, with 63% green days over the last 30 days[3].
- **Volatility**: 3.93% over the last 30 days[3].
- **14-Day RSI**: 70.45, suggesting the stock might be overbought[3].
- **50-Day SMA**: $279.54, indicating the stock is trading above its short-term moving average[3].
- **200-Day SMA**: $274.15, showing the stock is also above its long-term moving average[3].
**Market Sentiment**: Despite the bullish sentiment, the Fear & Greed Index suggests caution, and the high RSI value indicates the stock might be overbought. This suggests a potential for a short-term correction. However, the overall trend remains positive, with the stock trading above both its short-term and long-term moving averages.
Information
Author | QP - Daily |
Organization | William Corbin |
Website | - |
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