Salesforce.com stock: buy or sell
Updated on:
Apr 16th, 2021
2
Salesforce.com stock brief
- Salesforce.com stock rose 2.18% to close at $233.00 on the stock market on Thursday.
- Salesforce.com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management worldwide.
Should I buy Salesforce.com stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $CRM stock a buy?
Currently, Salesforce.com stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $CRM will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Salesforce.com stock?
When you own a stock with some profit, it's really hard to decide the correct moment to sell and get your benefits. Trading strategies help us to avoid impetuous decisions based on our feelings or the noise that surrounds the market. When selling, as well as buying, our setups are very easy to follow but are only applicable for selling stocks in your porfolio, not for selling short Salesforce.com stock
A golden rule is that you should not mantain an investment that results in losses greater than those expected at the time of the buy. When to sell your stock must always be dictated by the stop-loss (automatic or manual)
Is it time to sell Salesforce.com stock?
In the current situation of Salesforce.com there is not any eligible sell setup, so Salesforce.com stock holders with operations in profit can keep their positions
Salesforce.com ratings
In the last month, just one brokerage rating was published for Salesforce.com
| Brokerage firm | Rating |
|---|---|
| Mar 24th, 2021 | |
| Nord/LB | |
Salesforce.com stock analysis
SMAs overview
Supports and resistances
The current resistance levels are:
The current support levels are:
Bollinger bands
Since the price surpassed the upper band last Tuesday, the price dropped by 0.21%. The price is moving near to the upper Bollinger band, signaling some level of overbought in recent sessions. This is not a sell point, as price can trade in these levels for many days and weeks
Relative strength index
The RSI crossed up the oversold level of 30 in early March after just being in the oversold zone for just one day (what can be considered a strength sign). The RSI value on Thursday was 63.79. Since RSI left the oversold zone, Salesforce.com price skyrocketed a 13.48%
Salesforce.com stock price history
Salesforce.com IPO was on Jun 23rd, 2004 at $3.75 per share1. Since then, CRM stock has risen by 6,113.33%, with an average of 382.08% per year. If you had invested thousand dollars in Salesforce.com stock on Jun 2004, it would have a value of $62,133.33 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Salesforce.com stock
Nobody can predict how much a stock will be priced tomorrow. Banks and financial organisations issue their analysis forecasting how a particular stock will performance in the future.
The following table shows the price target posted by brokerage institutions in the last 30 days. Again, these forecasts are not direct recommendations for individual investors and should not be followed blindly.
We don't have any target price posted in the previous 30 days for Salesforce.com.
| Brokerage firm | Price target |
|---|---|
| Mar 24th, 2021 | |
| Nord/LB | Not available |
Earnings and financials
Last February, Salesforce.com ($CRM) had the shareholders call and presented the report. Salesforce.com topped market estimates and posted of $1.04, that is a 38.67% increase compared to the initial predictions of $0.75. Despite this, reported sales of $5.8 billion were in line with market predictions.
Same quarter last year, reported EPS was $0.66, so recently reported EPS is a gain of 57.58%. Sales skyrocketed a 19.91% on an annualized basis in the , from $48.5B to $58.2B last quarter.Salesforce.com ($CRM) is hosting the quarterly earnings call late next May. Expected for this quarter is $0.88, compared to $1.04 that was reported for Q4.
Salesforce.com performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Salesforce.com ($CRM) | 9.10% | 6.80% | -13.70% |
Important:
The thoughts published in this article are personal and not recommendations for you to buy or sell stocks. The author of this report does not have an understanding of the specific scenarios of the reader, his or her own finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are posted for general educational reasons onlySalesforce.com summary
| Thursday, April 15th, 2021 | |
|---|---|
| Open | $229.87 |
| Close | $233 |
| Day range | $229.5 - $233.08 |
| Previous close | $228.02 |
| Session gain | 2.18% |
| Average true range | $5.77 |
| 50d mov avg | $223.41 |
| 100d mov avg | $225.64 |
| 200d mov avg | $227.97 |
| Earnings date | May 27th, 2021 |