Salesforce, the sell signal is slowing down
Salesforce climbs 4.6% as the sell signal starts losing conviction
Salesforce, the sell signal is slowing down
Our view last week
Salesforce shares slip 1.7% this week, but the drop moves on short breath: volume contracted, the candle’s body shrank, and sellers only barely got the upper hand in the last session. The sell signal shows the setup quality indicator climbing into a tenser band, while signal strength stays low, at 4 out of 100 — a decline losing steam. Trading remains not recommended per our model.
This week's summary
Salesforce shares have carved out five higher lows over the recent sessions, climbing from the 146 to the 161 area: the price action has firmed up, and the sell signal, now in its fifth week, shows the decline losing conviction, with the weekly ADX falling and the MACD improving. The short now sits at a 12.5% loss, with price boxed between the 171 and 166 areas. Technically speaking, it's a stage to watch, not one to chase.
IQS Phase
70
in tension
Signal Strength
2
decline fading out
Sizing
MINIMUM
Ranking
#123 / 140
US stocks
Trade P&L %
-12.51%
from signal to today
restricted Platinum content