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- 1 The Salesforce, Inc. stock price is trading at $214.59 presently with a market capitalization of $209.001 Billion.
- 2 CRM stock gave more than 58.73% returns to investors year-to-date.
Salesforce, Inc. is a leading cloud-based software company that offers customer relationship management (CRM) software and applications for diverse industries and businesses. The company is listed on the New York Stock Exchange (NYSE) with the CRM ticker.
Salesforce stock is trading at $214.59, down by $0.45 from the previous close. Salesforce stock has a 52-week price range of $126.34 to $238.22. Salesforce has a market value of $209.001 Billion. It has a P/E ratio of 594.06 and an EPS of $0.37. Salesforce does not pay a dividend. According to 52 analysts surveyed by Investing(dot)com, the average analyst rating of Salesforce is Buy.
According to the weekly chart, Salesforce stock price has broken above the 50 and 200-day simple moving averages. SMAs indicate the strength of the buyers. CRM stock price has confirmed that the market is positive. Furthermore, RSI and MACD are also showing bullish sentiments on the weekly chart.
CRM Stock Price Technical Analysis
The RSI is at 39.99 and is heading towards the oversold zone. The 14-day SMA value is 56.00, meaning that Salesforce, Inc.’s price is below average.
CRM’s stock is showing bullish momentum but may be losing strength and facing resistance. The MACD indicator is bullish, but the MACD values (0.8801) and the signal value (2.79) are decreasing. This means the bullish momentum is fading, and a bearish crossover has happened, indicating a negative trend.
The Bollinger Bands indicator for CRM’s stock has three bands: an upper band ($235.32), a middle band ($224.76), and a lower band ($214.59). The stock’s price is above the middle band, which means that the trend is neutral. However, the price is also near the upper band, meaning the stock is overbought and may meet resistance. The Bollinger Bands are also getting narrower, which means the volatility is lower, and a breakout may occur soon.
Conclusion
The stock of Salesforce, Inc. is showing remarkable performance and momentum. It is reaching new highs and breaking above the 50- and 200-day moving averages on daily and weekly charts. The price, RSI, and MACD indicators are all bullish, indicating a strong uptrend and a positive outlook. However, the stock is already overpriced, so investors should be careful and invest wisely.
Technical Levels:
- Support Level: $207.82.
- Resistance Level: $238.20.
Disclaimer
This article is for educational and informational purposes only. It is not intended to be financial, investment, or trading advice. Stock investing and trading are risky activities. You should consider your risk profile and circumstances before making any investment decisions.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
