How the (CRM) price action is used to our Advantage

June 18, 2024, 10:34 am ET, BY Barry C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for CRM

• NONE. Details

There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

• Short CRM slightly under 255.01, target n/a, stop loss @ 255.75 Details

The technical summary data is suggesting a short of CRM as it gets near 255.01, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 255.75. 255.01 is the first level of resistance above 230.415, and by rule, any test of resistance is a short signal. In this case, if resistance 255.01 is being tested, so a short signal would exist.

Swing Trading Plans for CRM

• Buy CRM slightly over 241.76, target 255.01, Stop Loss @ 241.06 Details

If 241.76 begins to break higher, the technical summary data tells us to buy CRM just slightly over 241.76, with an upside target of 255.01. The data also tells us to set a stop loss @ 241.06 in case the stock turns against the trade. 241.76 is the first level of resistance above 230.415, and by rule, any break above resistance is a buy signal. In this case, 241.76, 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 slightly near 241.76, target 229.48, Stop Loss @ 242.46. Details

The technical summary data is suggesting a short of CRM if it tests 241.76 with a downside target of 229.48. We should have a stop loss in place at 242.46 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, 241.76, 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 241.76, target 255.01, Stop Loss @ 241.2 Details

If 241.76 begins to break higher, the technical summary data tells us to buy CRM just slightly over 241.76, with an upside target of 255.01. The data also tells us to set a stop loss @ 241.2 in case the stock turns against the trade. 241.76 is the first level of resistance above 230.415, and by rule, any break above resistance is a buy signal. In this case, 241.76, 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 slightly near 241.76, target 229.67, Stop Loss @ 242.32. Details

The technical summary data is suggesting a short of CRM if it tests 241.76 with a downside target of 229.67. We should have a stop loss in place at 242.32 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, 241.76, 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.

Check the time stamp on this data. Updated AI-Generated Signals for  Salesforce Inc. (CRM) available here: CRM.

CRM Ratings for June 18:

AI Generated Signals for CRM

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Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The  Salesforce Inc. (NYSE: CRM) data table below can help you with price action, and we have more details too. Trading plans for CRM are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.