CRM WEEKLY CHARTHere's a chart of salesforce on a weekly. As you can see we failed to stay above the 2021 highs here recently. To me the level is 310 that we need to get above, then the next level for me is 424.
CRM trade ideas
Salesforce Sees Annual Revenue Below EstimatesSalesforce ( NYSE:CRM ) expanded its stock buyback program by $10 billion and announced a new dividend, but its annual revenue forecast that was below estimates pushed its shares down around 2% in after hours trading.
The company's downbeat forecast signals a likely slowdown in cloud and tech spending as clients struggle with high interest rates and rising inflation, making them to keep a lid on costs.
The company sees revenue between $37.7 billion to $38 billion for full-year 2025, compared with analysts' estimate of $38.62 billion.
Warnings of a slow economy prompted Salesforce ( NYSE:CRM ) to cut about 700 employees, or roughly 1% of its global workforce, last month, adding to the slew of layoffs across the tech and media industry.
"Salesforce is guiding for only 8-9% growth (for the full year), which moves it out of the high growth category. In order to make up for that, it is introducing a dividend, which is appropriate for the lower level of growth," said Gil Luria, analyst at D.A. Davidson.
However, Salesforce ( NYSE:CRM ) beat revenue estimates for fourth-quarter revenue and profit as it benefited from higher cloud spending, joining other cloud giants like Amazon.com and Microsoft.
The company reported revenue of $9.29 billion for the quarter ended Jan. 31, beating analysts' estimate of $9.22 billion.
On an adjusted basis, the company earned $2.29 per share compared with estimates of $2.26 per share.
In early 2023, Salesforce had become a target for activist investors to push for changes resulting in cost cuts, increased share buybacks and a dismantled mergers and acquisition committee.
Salesforce ( NYSE:CRM ) expects adjusted profit between $9.68 to $9.76 per share for the full-year, compared with estimates of $9.57 per share.
SALESFORCE 310 AFTER EARNINGS Strong Revenue Growth: Salesforce’s total revenue for Q2 2024 was $8.603 billion, up from $8.247 billion in Q1 20241. This consistent growth in revenue is a positive sign.
Impressive Earnings Per Share (EPS): The basic earnings per share (EPS) for Q2 2024 was $1.4118, up from $0.7562 in Q1 20241. This significant increase in EPS indicates a strong financial performance.
Positive Analyst Expectations: Analysts expect the company to report earnings of $2.27 per share on revenue of $9.2 billion2. If Salesforce meets or exceeds these expectations in their upcoming earnings report, it could provide a further boost to the stock.
Historical Stock Performance: The stock soared 12% after its last earnings report3, which could indicate investor confidence in the company’s financial health and future prospects.
CRM Salesforce Options Ahead of EarningsIf you haven`t bought CRM ahead of the previous earnings:
Then analyzing the options chain and the chart patterns of CRM Salesforce prior to the earnings report this week,
I would consider purchasing the 280usd strike price Puts with
an expiration date of 2024-3-1,
for a premium of approximately $5.15.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
CRMRising wedge breaking down here..
Short entry below 272 (50sma)
Or retest of 285 (20sma).
Target is 250
Salesforce LONG Short TermShort term opportunity for a LONG.
Context:
Market: strong
Ticket weekly: Up wave
Ticket daily: Up wave
Ticket 1h: uptrend, consolidation (down wave)
Last day:
Gap-up open, price didn't find much support from buyers and was rejected. Rejection wasn't strong enough (price didn't reach prev day low), which shows lack of strong sellers interest.
Conclusion:
The context is still very bullish. There is a short term LONG opporunity but only if price sets hourly higher low above 289. Depending on where it happens the profit target can be either around 293 or 295 and higher
Disclaimer
I don't give trading or investing advices, just sharing my thoughts
Bullish Rising Triangle Setup on CRM Looking for ATHsKey Takeaways:
+Consistently making higher lows after strong uptrend and is forming into rising triangle on flat supply zone for ATH breakout
+Trending above 20d SMA and 20d SMA > 50d SMA > 200d SMA
+I would expect ~$9 move topside after breaking 289 which would send us to 298 & ATHs, based on the height of the rising triangle consolidation pattern
$CRM: 270 Bulls Are a ForceSalesforce has been showing a lot of strength lately and could be poisted to move even higher off this 270 handle. We may need to see more weakness out of the dollar so may need to stay patient. However, we currently believe this may be one of the leaders should equities continue higher over the long run.
Salesforce is in force! Trading idea for 16/01/2024Analysts at the Baird brokerage company have upgraded the stock rating for Salesforce Inc. from Neutral to Outperform, setting a target price of 300 USD. They believe the issuer's business has a high margin, and the subsequent introduction of artificial intelligence technologies will increase it. For this reason, Salesforce shares may become attractive for both medium-term investment and short-term speculation.
So, today, we will examine the Salesforce Inc. (NYSE: CRM) stock chart.
On the D1 timeframe, resistance at 267.01 was broken through, and support formed at 250.17. The current upward trend will likely continue after a retest at the 267.01 level. Quotes are probably attempting to reach their historical maximum, but external macroeconomic factors can change the current trend.
On the H1 timeframe, a rebound from the 267.01 level could set a short-term target for a price increase at 282.00, while in the medium term, it could hover around 300.00.
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Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66.02% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CRM Super performance52wk highs breakout closing in, rising RS rating, above 200dma and past 4 Quarterly earnings VWAP, I have reasons to believe this security displays all behaviors of super performance.
Amazon and Salesforce Join Forces to Supercharge Prime Momentum Amazon ( NASDAQ:AMZN ) and Salesforce ( NYSE:CRM ) have formed a strategic alliance to turbocharge the momentum of Amazon's Prime program. The integration of Amazon's "Buy with Prime" feature with Salesforce's NYSE:CRM Commerce Cloud platform promises to reshape the e-commerce landscape, offering a seamless shopping experience for Prime members while presenting an exciting growth opportunity for merchants, especially those on the Shopify platform.
The Power of Prime:
Amazon's Prime program has long been a key driver of the e-commerce giant's top-line growth. With customer-friendly perks such as ultrafast delivery services, a streamlined checkout experience, 24/7 live chat support, and hassle-free returns, Prime has amassed a loyal subscriber base. The recent collaboration with Salesforce aims to further enhance the Prime experience by allowing merchants on the CRM Commerce Cloud platform to integrate the "Buy with Prime" feature into their online stores.
Enhancing the Merchant Experience:
Salesforce merchants can now deliver the full suite of Prime benefits directly from their online storefronts. The integration preserves merchants' control over their store aesthetics, enabling customization of the placement and appearance of the "Buy with Prime" experience on product, cart, and checkout pages. Additionally, sellers can seamlessly sync day-to-day operations with Salesforce Order Management, ensuring a streamlined and efficient workflow.
Advanced Features for Sellers:
The upgraded "Buy with Prime" features empower sellers to activate search and filter capabilities, enabling customers to quickly locate Prime-eligible items. The introduction of a mixed cart facility allows customers to add both Prime-eligible and non-eligible items to their carts, streamlining the checkout process. This not only enhances the shopping experience for Prime members but also presents a lucrative opportunity for Shopify merchants to expand their reach to the ever-growing Prime subscriber base.
Financial Implications:
Amazon's subscription revenues, a key driver of the company's financial performance, are expected to receive a significant boost from the growing momentum of Prime. The success of the Prime program is reflected in Amazon's stock performance, which has surged 68.5% over the past year, outpacing industry growth.
Investor Optimism and Technical Outlook:
Salesforce investors have demonstrated increasing optimism, as evidenced by the rising trend channel in the medium to long term. The stock's impressive performance since breaking through resistance at $215 indicates a positive sentiment among investors.
Conclusion:
The collaboration between Amazon and Salesforce represents a pivotal moment in the e-commerce landscape. The integration of "Buy with Prime" not only strengthens the Prime program but also opens new avenues for merchants to capitalize on the rapidly expanding Prime subscriber base.
Salesforce Stock: Trading Idea for 14/12/2023Apple Inc. has introduced new integrations with the Salesforce Inc. tools, such as Apple Messages for Business in Service Cloud or ARKit in the Field Service mobile app. The partnership between the companies began in 2018 and continues to expand.
Salesforce Inc. clients will be able to interact using Messages, and technicians will receive an ARKit-based room mapping tool and a new widget for iOS. All this may lead to an increase in the company's revenue and net profit.
So today, we suggest examining the Salesforce Inc. (NYSE: CRM) stock chart.
On the D1 timeframe, support formed at 224.25, with resistance at 263.43. A fairly wide channel has appeared with a high probability of a breakthrough of its upper border. Considering investors' general optimism after yesterday's meeting of the US Federal Reserve, there may be a relatively high growth potential in Salesforce's stocks.
On the H1 timeframe, the first target for the price increase can be set at 283.67, while in the medium term, it could hover around 298.24.
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Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67.85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Salesforce(CRM)... Time to cut their lunch short ??
Up nearly 18% in just over a month. +70% YTD
They report tonight and are probably strong today on other tech gains from last night's earnings report.
$2.05 expected versus last of $1.90. No dividend.
I would like to establish a short in the $232-$233 area as this sets up an Bearish Alternative Bat.(Anti Bat)
RSI also getting a little up there.
Momentum could roll over any time.
Watching... not investment advice . DYOD.
I will watch and advise.
S.
Salesforce (CRM): New short signal from my SSG trading systemNew short signal from my SSG trading system in Salesforce (CRM). This one tends to still run a bit before going into the direction of the signal, so I would be careful if you want to directly short the stock or trade it using a CFD or something like this.
I will look into an options position later today and then update here again wether I am taking the trade.
Salesforce: a strong report may propel stock pricesSalesforce Inc. reported robust Q3 2023 results (financial year), significantly surpassing analysts' expectations: net income per share surged to $2.11, and revenue reached $8.72 billion.
At the end of November, the company announced an expanded collaboration with Amazon.com Inc., which can contribute to sustained solid financial results for Salesforce in Q4 2023 and beyond into 2024.
So today, we suggest looking at the Salesforce Inc. (NYSE: CRM) stock chart.
On the D1 timeframe, support has formed at 223.21, but resistance has not been established yet. Today's trading session (4 December 2023) may result in the formation of a new resistance level.
In the medium term, quotes may reach their historical maximum.
On the H1 timeframe, a breakout from the 260.44 level could set the target for a price increase to 270.20, while in the medium term, it could hover around 283.67, influenced by the "Santa Claus rally".
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Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67.85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Salesforce (NYSE: CRM) Surges on Q3 EarningsSalesforce surges on Q3 earnings beat amid 'green shoots' of cloud demand rebound.
Salesforce lifted its full-year profit forecast amid what it called 'green shoots' in demand improvement from big buyers of its cloud-focused software.
Salesforce (NYSE: CRM) - shares surged in early Thursday trading after it posted better-than-expected third quarter earnings, as well as a full-year profit boost, amid what it described as improving demand for its cloud-focused client software offerings.
Salesforce said earnings for the three months ending in October, its fiscal third quarter rose 51% from last year to $2.11 per share, just ahead of Street forecasts of $2.06 per share, with revenues rising 11.2% to $8.72 billion, just ahead of analysts' estimates of an $8.715 billion top line.
Looking into the final months of its fiscal year, Salesforce said it sees revenues in the region of $34.75 billion and $34.8 billion, an 11% improvement from last year's levels that was largely in-line with its prior forecasts. Current quarter revenues were forecast between $9.18 billion to $9.23 billion.
Full-year profits, Salesforce said, will likely improve to between $8.18 and $8.19 per share, up 13 cents at the higher end of its prior forecast, with adjusted operating margins expanding to between 30% and 33%.
Salesforce shares, a Dow component, were marked 9.2% higher in pre-market trading to indicate an opening bell price of $251.12, extending its year-to-date advance to just under 90%.
Price Momentum
CRM is trading near the top of its 52-week range and above its 200-day simple moving average.
What does this mean?
Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.
Salesforce $CRM Earnings Trade IdeaI entered a trade on NYSE:CRM on Nov 29th just before the close. I was anticpating that NYSE:CRM will beat earnings and wanted to do an options earnings strategy where the risk is minimal but the return if the target price is reached is high.
Based on my calculations, I figured that the stock price would likely move by about $15 up or down so I targeted the $245 strike price.
Tomorrow if NYSE:CRM reaches my price I will exit with a profit. If it goes the other way, the loss is minimal.
We can see that the stock recently broke a key diagonal resistance level and the gap up in price today indicated that the buyers are in control. This means that people wer eoptimistic about the upcoming earnings.
The moving averages are all up indicating short to medium term uptrend.
The oscillators are overbought so if earnings is a beat I expect the price to fill the bullish gao around $248 per the chart and then we could likely see a pullback in price.
Hope this was helpful for the readers, if so follow me.
We'll see you in the next one!
CRM 3d Q4 2023Publishing Salesforce's 3 day chart, to see how the price action fares in the month leading up to their earnings reporting.
CRM was going through some major changes earlier in the year. If their changes prove successful and they deliver on estimates, this likely finishes the wedge and heads towards the range high (highlighted in the upper red zone.
If they miss or remotely hint at weaker guidance going forward this heads towards the 180 range. Major services company, hence their earnings will be a key to cloud SaaS service companies for 2024.
Salesforce below (M)MA50Salesforce moved finally below (M)MA50, this is important move. Couple months it was distributing stocks after fake break above (M)MA50 and finally broke below.
HEAD & SHOULDERSPrice is testing the neckline. This pattern is not valid until the neckline is broken with a downtrend. It has been broken but there is no clear downtrend.
Earnings are 11-29/estimated/AMC.
Short interest is low and is less than 1%.
No recommendation.
CRM Entry, Volume, Target, Stop, Resistance
Entry: with price above 238.22
Volume: with volume greater than 26M
Target: 370.74 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up)
Stop: Depending on your risk tolerance; Based on an entry of 238.23, 217.91 gets you 2/1 Reward to Risk Ratio.
Resistance: 251 area
This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
