Technical Damage Mounts for CRM at $185.42
The stock of Salesforce Inc (CRM) climbed 4.08% to close at $185.42 on February 25.
From a technical standpoint, the outlook appears mixed:
Moving Averages
Bearish EMA structure persists with price below the 9-day ($186.64) and 21-day ($197.96).
Momentum
RSI at 33.5 is neutral but improving. MACD reads -13.30 against its -13.96 signal line (bullish).
Volatility
Bollinger Band width at 29.2% indicates normal volatility.
While EMAs remain bearish, the oversold RSI reading hints at potential support around $167.56.
Watch $167.56 as support and $224.90 as resistance.
