New Sell signal · week 1
Salesforce adds 0.3% and holds its 200-week average as a new Sell signal fires
Our view last week
A third straight losing week for Salesforce stock, down 1.6% after last week's 4% drop, while XLK, the US technology sector ETF, gained 3.5%. The slide is slowing, yet the price action stays fragile: sellers still lead the weekly bar, on shrinking volume. The close and the Inversion Point, in the 235 area, have already crossed with no change of sign declared: one to watch in the coming sessions.
This week's summary
Salesforce slid to its 200-week average, held it and closed the week up 0.3%, in the upper part of its range. Yet the change of sign that was in the air a week ago has arrived: a new Sell signal fires. On the technical analysis, Salesforce stock stays above its weekly Ichimoku cloud, and among US tech stocks it lags XLK, the US technology sector ETF, up 1.8%. Signal Strength reads 2 out of 100: a trade setup with no push, and price action that does not follow it.
IQS Phase
52
ordinary
Signal Strength
2
decline losing steam
Sizing
MINIMUM
Ranking
#154 / 175
New us stocks
Trade P&L %
+0.00%
from signal to date, no stop loss
Salesforce (CRM) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 154th among the 175 sell signals for US stocks in our ranking, with a signal strength of 2 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimein strong phase
Performanceweekly +1.80% · monthly +8.83%
CRM belongs to the growth tech sector (reference ETF XLK). The sector is classified in strong phase according to our weekly reading.
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