Salesforce (CRM) Stock Analysis: Bullish Sentiment, Cautious Indicators
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Salesforce (CRM) Stock Analysis: Bullish Sentiment, Cautious Indicators
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Description
**Salesforce (CRM) Stock Analysis** 1. **Current Price and Intraday Trading Range**: As of November 12, 2024, the current price of Salesforce (CRM) is $340.71, with an intraday trading range of...
show more1. **Current Price and Intraday Trading Range**: As of November 12, 2024, the current price of Salesforce (CRM) is $340.71, with an intraday trading range of $325.25 to $344.88[2][3].
2. **Pre-market and After-hours Movement**: On November 12, 2024, CRM showed a slight increase in after-hours trading, moving from $340.71 to $341.03[3].
3. **Trading Volume vs Average**: The trading volume on November 11, 2024, was 13,952,548 shares, which is higher than the recent average volumes[2][3].
4. **Recent News or Announcements**: There are no significant news or announcements in the last 24 hours that could impact CRM's stock price.
5. **Major Analyst Updates or Price Target Changes**: No recent analyst updates or price target changes have been reported.
6. **Options Flow Activity**: No specific data on options flow activity is available in the provided sources.
7. **Related Semiconductor/AI Sector News**: There is no direct mention of related sector news affecting Salesforce in the provided sources.
8. **Key Technical Indicators for Day Trading**:
- **Fear & Greed Index**: 39 (Fear), indicating a cautious market sentiment[1].
- **Sentiment**: Bullish, with 63% green days over the last 30 days[1].
- **Volatility**: 3.93% over the last 30 days[1].
- **14-Day RSI**: 70.45, suggesting the stock is near overbought territory[1].
- **50-Day SMA**: $279.54, and **200-Day SMA**: $274.15, indicating the stock is trading above its moving averages[1].
**Market Sentiment**: Despite the bullish sentiment, the Fear & Greed Index suggests caution. The stock's current price is 16.91% above the forecasted price, indicating potential overvaluation[1].
**Conclusion**: Salesforce (CRM) is currently trading at $340.71, with a bullish sentiment but cautious market indicators. The stock's high trading volume and position above its moving averages suggest strong interest, but the Fear & Greed Index and potential overvaluation indicate a need for careful consideration.
Information
Author | QP - Daily |
Organization | William Corbin |
Website | - |
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