Will CRM go up today?
8/18/2025 02:03am
**Salesforce's (CRM) likelihood of an upward price movement today is low**, considering the following factors:
1. **Current Price Trend**: The stock is currently between narrow resistance levels and wide support levels, indicating a bullish price trend. However, the forecast for today's price trend is bearish, with a 53.1% probability of selling pressure.
2. **Support and Resistance Levels**: The stock is positioned between narrow and wide support and resistance levels, which suggests that while there is a potential for upward movement, it could face resistance from the wide resistance level of $237.03.
3. **Forecast Price Trend**: The forecast for Salesforce's price trend for the next few days is bearish, with a 53.5% market historical win rate for this type of forecast.
4. **Recent Performance**: The stock has underperformed the market, with a decline of 29.42% year-to-date, and has recently fallen back 9.4% over the past month.
5. **Analyst Sentiment**: Despite an upgrade to "Neutral" by DA Davidson, the price target remains down at $225, which reflects a decline from the current price.
6. **Market Sentiment**: The overall market sentiment is cautious, with concerns about slowing organic expansion and increased competition, which could put pressure on the stock's price.
In conclusion, while there is potential for upward movement due to the bullish price trend and support levels, the bearish forecast, recent underperformance, and analyst sentiment suggest that Salesforce is more likely to face downward pressure today. Therefore, the likelihood of an upward price movement today is low.