Salesforce: an indecisive decline, ADX fading
Salesforce slips 4.2% as the decline stays stuck in a tight range
Salesforce: an indecisive decline, ADX fading
Our view last week
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.
This week's summary
Salesforce shares slipped again this week, down 4.2%, after last week's bounce: the stock stays boxed between the 165 resistance area and the 162.5 support area, with the weekly ADX still falling and price action flagging an indecisive phase — buyer dominance fading, sellers narrowly ahead on the last bar. The Sell signal, now in its sixth week of management, has the short down 7.8%, still an improvement from last week's 12.5% loss.
IQS Phase
57
ordinary
Signal Strength
30
decline starting to make lower lows
Sizing
REDUCED
Ranking
#91 / 141
US stocks
Trade P&L %
-7.83%
from signal to today
Rank position
ranks 91st among the 141 sell signals for US stocks in our ranking, with a signal strength of 30 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly +0.17% · monthly -3.92%
CRM belongs to the growth tech sector (reference ETF XLK). The sector is classified weak phase according to our weekly reading.
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