{"id":45672,"date":"2025-12-02T11:35:12","date_gmt":"2025-12-02T11:35:12","guid":{"rendered":"https:\/\/quickassetsmarket.com\/index.php\/2025\/12\/02\/salesforce-stock-price-forms-a-risky-pattern-ahead-of-earnings\/"},"modified":"2025-12-02T11:35:12","modified_gmt":"2025-12-02T11:35:12","slug":"salesforce-stock-price-forms-a-risky-pattern-ahead-of-earnings","status":"publish","type":"post","link":"https:\/\/quickassetsmarket.com\/index.php\/2025\/12\/02\/salesforce-stock-price-forms-a-risky-pattern-ahead-of-earnings\/","title":{"rendered":"Salesforce stock price forms a risky pattern ahead of earnings"},"content":{"rendered":"
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Salesforce stock price remained under intense pressure in November as concerns about the company’s AI business continued. CRM was trading at $230 on Monday, down by 37% from the year-to-date high, making it one of the top laggards in the Dow Jones Index. So, will the CRM stock rebound or continue crashing ahead of its earnings this week?<\/p>\n

Salesforce stock price technical analysis points to more downside <\/h2>\n

The daily timeframe chart shows that the CRM stock price has crashed<\/a> in the past few months. This crash happened after the stock formed a double-top pattern at $367 and a neckline at the support at $312. A double-top is one of the most popular bearish reversal signs in technical analysis.<\/p>\n

The stock has remained below the 50-day and 200-day Exponential Moving Averages (EMA), a sign that bears remain under control for now. It also remains below the Supertrend and the Ichimoku cloud indicator.<\/p>\n

Most importantly, the stock has formed a descending pattern, with the key support level being at $228.48 and the descending trendline, which connects the highest swings since May this year.<\/p>\n

Therefore, the stock will likely have a bearish breakdown when it moves below the lower side of the descending triangle pattern. A move below the support will point to more downside, potentially to the key support level at $200. <\/p>\n

The alternative scenario is where the stock rebounds after earnings as bulls target the upper side of the descending trendline at $250.<\/p>\n

CRM<\/a> stock chart | Source: TradingView<\/figcaption><\/figure>\n

Salesforce earnings preview <\/h2>\n

Salesforce, the biggest company in the CRM industry, will report its financial results this week and provide more color on its business.<\/p>\n

The company\u2019s revenue rose by 10% in the third quarter to $10.2 billion, with its subscription and support revenue rising by 11% to $9.7 billion. These results and its guidance were better than expected.<\/p>\n

Its guidance was that its business would make between $10.24 billion to $10.29 billion, representing an annual growth rate of between 8% and 9%. That figure would bring its full-year revenue to between $41.1 billion and $41.2 billion.<\/p>\n

The main concern among investors is that its investments in the AI industry, where it is focusing on AgentForce, is not helping its revenue growth accelerate.<\/p>\n

Data compiled by Yahoo Finance<\/a> shows that the average revenue will be $10.27 billion, up by 8.7% from the same period last year. Its earnings-per-share (EPS) is expected to move from $2.41 last year to $2.86. <\/p>\n

Salesforce has always been a highly conservative company, meaning that its revenue and earnings will likely be better than its guidance and what analysts expect.<\/p>\n

Another positive is that the company has become a bit undervalued, with its forward price-to-earnings ratio being 20.36, lower than the sector median of 23.57. This figure is also much lower than its five-year average of 36.<\/p>\n

Similarly, the forward PEG ratio of 1.22 is lower than the sector median of 1.6.<\/p>\n

Analysts have a relatively bullish outlook<\/a> for the stock, with the average target being $325, much higher than the current level of $230. The most recent estimates were from companies like Jeffries, Cantor Fitzgerald, Barclays, and Evercore.<\/p>\n

READ MORE: Salesforce stock price forms H&S: brace for a crash<\/a><\/p>\n

The post Salesforce stock price forms a risky pattern ahead of earnings<\/a> appeared first on Invezz<\/a><\/p>\n

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Salesforce stock price remained under intense pressure in November as concerns about the company’s AI business continued. CRM was trading at $230 on Monday, down by 37% from the year-to-date high, making it one of the top laggards in the Dow Jones Index. So, will the CRM stock rebound or continue crashing ahead of its <\/p>\n","protected":false},"author":1,"featured_media":45673,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":{"0":"post-45672","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-world"},"_links":{"self":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/45672","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/comments?post=45672"}],"version-history":[{"count":0,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/45672\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media\/45673"}],"wp:attachment":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media?parent=45672"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/categories?post=45672"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/tags?post=45672"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}