Salesforce Inc (CRM) Trading Report – news.stocktradersdaily.com

Salesforce Inc (CRM) Trading Report

January 15, 2023, 03:45 amET, BY Randall S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for CRM

• Buy CRM slightly over 137.22 target 163.46 stop loss @ 136.82 Details

The technical summary data tells us to buy CRM near 137.22 with an upside target of 163.46. This data also tells us to set a stop loss @ 136.82 to protect against excessive loss in case the stock begins to move against the trade. 137.22 is the first level of support below 149.51 , and by rule, any test of support is a buy signal. In this case, support 137.22 is being tested, a buy signal would exist.

• Short CRM slightly under 163.46, target 137.22, stop loss @ 163.93 Details

The technical summary data is suggesting a short of CRM as it gets near 163.46 with a downside target of 137.22. We should have a stop loss in place at 163.93though. 163.46 is the first level of resistance above 149.51, and by rule, any test of resistance is a short signal. In this case, if resistance 163.46 is being tested, a short signal would exist.

Swing Trading Plans for CRM

• Buy CRM slightly over 149.68, target 163.46, Stop Loss @ 149.25 Details

If 149.68 begins to break higher, the technical summary data tells us to buy CRM just slightly over 149.68, with an upside target of 163.46. The data also tells us to set a stop loss @ 149.25 in case the stock turns against the trade. 149.68 is the first level of resistance above 149.51, and by rule, any break above resistance is a buy signal. In this case, 149.68, 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 149.68, target 143.54, Stop Loss @ 150.11. Details

The technical summary data is suggesting a short of CRM if it tests 149.68 with a downside target of 143.54. We should have a stop loss in place at 150.11 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, 149.68, 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 149.68, target 151.09, Stop Loss @ 149.33 Details

If 149.68 begins to break higher, the technical summary data tells us to buy CRM just slightly over 149.68, with an upside target of 151.09. The data also tells us to set a stop loss @ 149.33 in case the stock turns against the trade. 149.68 is the first level of resistance above 149.51, and by rule, any break above resistance is a buy signal. In this case, 149.68, 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 149.68, target 145.53, Stop Loss @ 150.03. Details

The technical summary data is suggesting a short of CRM if it tests 149.68 with a downside target of 145.53. We should have a stop loss in place at 150.03 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, 149.68, 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 January 15:

⚠Triggers may have already come

Real Time Updates for Repeat Institutional Readers:

Factset: A username and password has been assigned to repeat institutional readers of our research though the Factset Portal. Use that for direct access, so you can get real time updates for CRM.

Bloomberg, Reuters, Refinitiv, Zacks, or IB users can obtain these same updates by using the link below, and selecting a username and password manually.

Instructions:

• Click the Get Real Time Updates button below.

• In the login prompt, select forgot username

• Type the email you use for Factset

• Use the user/pass you receive to login

• You will have 24/7 access to real time updates.

From then on you can just click to get the real time update whenever you want.

GET REAL TIME UPDATES

Price Based + Macro = Get an Edge on the Competition

• Price matters most to making good timing decisions, and the MACRO picture defines how restrictive you need to be with entry levels. Together, these are powerful.

• Review our Global Liquidity Report from December 2021 to see how our Macro work can foretell future market conditions. Look for the word “Volatility.”

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Chart of CRM with Longer Term Pivots

Blue = Current Price
Red= Resistance
Green = Support

This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Salesforce Inc (NYSE: CRM) while incorporating prudent risk controls. 

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.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

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.

Graph of Evitar Corte vs S&P 500

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Longer Term Trading Plans for CRM

• Buy CRM slightly over 137.22 target 163.46 stop loss @ 136.82 Details

The technical summary data tells us to buy CRM near 137.22 with an upside target of 163.46. This data also tells us to set a stop loss @ 136.82 to protect against excessive loss in case the stock begins to move against the trade. 137.22 is the first level of support below 149.51 , and by rule, any test of support is a buy signal. In this case, support 137.22 is being tested, a buy signal would exist.

• Short CRM slightly under 163.46, target 137.22, stop loss @ 163.93 Details

The technical summary data is suggesting a short of CRM as it gets near 163.46 with a downside target of 137.22. We should have a stop loss in place at 163.93though. 163.46 is the first level of resistance above 149.51, and by rule, any test of resistance is a short signal. In this case, if resistance 163.46 is being tested, a short signal would exist.

Swing Trading Plans for CRM

• Buy CRM slightly over 149.68, target 163.46, Stop Loss @ 149.25 Details

If 149.68 begins to break higher, the technical summary data tells us to buy CRM just over 149.68, with an upside target of 163.46. The data also tells us to set a stop loss @ 149.25 in case the stock turns against the trade. 149.68 is the first level of resistance above 149.51, and by rule, any break above resistance is a buy signal. In this case, 149.68, 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 149.68, target 143.54, Stop Loss @ 150.11. Details

The technical summary data is suggesting a short of CRM if it tests 149.68 with a downside target of 143.54. We should have a stop loss in place at 150.11 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, 149.68, 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 149.68, target 151.09, Stop Loss @ 149.33 Details

If 149.68 begins to break higher, the technical summary data tells us to buy CRM just over 149.68, with an upside target of 151.09. The data also tells us to set a stop loss @ 149.33 in case the stock turns against the trade. 149.68 is the first level of resistance above 149.51, and by rule, any break above resistance is a buy signal. In this case, 149.68, 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 149.68, target 145.53, Stop Loss @ 150.03. Details

The technical summary data is suggesting a short of CRM if it tests 149.68 with a downside target of 145.53. We should have a stop loss in place at 150.03 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, 149.68, 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 Technical Summary | Raw Data for the Trading Plans

This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Salesforce Inc (NYSE: CRM) while incorporating prudent risk controls. 

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.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

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.

Graph of Evitar Corte vs. S&P 500

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Fundamental Charts for CRM:

Source: https://news.google.com/__i/rss/rd/articles/CBMibGh0dHBzOi8vbmV3cy5zdG9ja3RyYWRlcnNkYWlseS5jb20vbmV3c19yZWxlYXNlLzM4L1NhbGVzZm9yY2UrSW5jKyUyOENSTSUyOStUcmFkaW5nK1JlcG9ydF8wMTE1MjMwMzQ1MDIuaHRtbNIBAA?oc=5