Salesforce.com CRM Investment Advice

The support and resistance levels for Salesforce.com (NYSE: CRM) define prudent trading and investing plans, which are revealed herein.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for CRM change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if CRM is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for CRM too.  All of these are offered below the Summary Table.

Longer Term Trading Plans for CRM
  • Buy CRM slightly over 231.71 target 251.55 stop loss @ 231.04 Details
  • The technical summary data tells us to buy CRM near 231.71 with an upside target of 251.55. This data also tells us to set a stop loss @ 231.04 to protect against excessive loss in case the stock begins to move against the trade. 231.71 is the first level of support below 249 , and by rule, any test of support is a buy signal. In this case, support 231.71 is being tested, a buy signal would exist.

  • Short CRM under 251.55, target 231.71, stop loss @ 252.28 Details
  • The technical summary data is suggesting a short of CRM as it gets near 251.55 with a downside target of 231.71. We should have a stop loss in place at 252.28though. 251.55 is the first level of resistance above 249, and by rule, any test of resistance is a short signal. In this case, if resistance 251.55 is being tested, a short signal would exist.

Swing Trading Plans for CRM
  • Buy CRM slightly over 251.55, target 253.30, Stop Loss @ 250.82 Details
  • If 251.55 begins to break higher, the technical summary data tells us to buy CRM just slightly over 251.55, with an upside target of 253.30. The data also tells us to set a stop loss @ 250.82 in case the stock turns against the trade. 251.55 is the first level of resistance above 249, and by rule, any break above resistance is a buy signal. In this case, 251.55, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short CRM near 251.55, target 245.32, Stop Loss @ 252.28. Details
  • The technical summary data is suggesting a short of CRM if it tests 251.55 with a downside target of 245.32. We should have a stop loss in place at 252.28 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 251.55, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for CRM
  • Buy CRM slightly over 251.55, target 252.65, Stop Loss @ 250.96 Details
  • If 251.55 begins to break higher, the technical summary data tells us to buy CRM just slightly over 251.55, with an upside target of 252.65. The data also tells us to set a stop loss @ 250.96 in case the stock turns against the trade. 251.55 is the first level of resistance above 249, and by rule, any break above resistance is a buy signal. In this case, 251.55, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short CRM near 251.55, target 246.38, Stop Loss @ 252.14. Details
  • The technical summary data is suggesting a short of CRM if it tests 251.55 with a downside target of 246.38. We should have a stop loss in place at 252.14 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 251.55, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

CRM Ratings for August 16:

Term →Near Mid Long
Rating Neutral Neutral Neutral
P1 0 0 214.04
P2 246.38 245.32 231.71
P3 252.65 253.30 251.55
Triggers may have already come
Support and Resistance Plot Chart for CRM

CRM Long Term Analysis for August 16 2021

Blue = Current Price
Red = Resistance
Green = Support

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