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Salesforce (CRM) Stock Price Prediction and News Highlight
Thu. Oct 31, 2024

The price action of Salesforce (CRM) is impacted by broad market risk appetite, sector price trend, company-specific performance and market structure. The overall sentiment for Salesforce is positive (overall 2, positive 2.8, negative -0.8) on 2024-10-31. The forces of Sentiment towards Fundamentals (2.6), Option Sentiment (1.5), Market Risk Appetite (1), Stock Price Trend (0.5), and Price Level Sentiment (0) will drive up the price. The forces of Sector Price Trend (-0.1), and Valuation Sentiment (-1.5) will drive down the price.

'Long' is the preferred trading strategy. The swing to upside will be significant considering the high positive sentiment forces (2.8).

The sentiment for Sector Price Trend is calculated based on the price trend of related sector ETF. The sentiment for Option Speculation is calculated from put/call ratio. The Risk Appetite is calculated from Bitcoin price trend. Price Level sentiment is positive when oversold, and negative when overbought. Valuation Sentiment, and Sentimentals towards Fundamentals are extracted from headlines and market commentary. All sentiment scores are normalized on a -10 - +10 scale.


DateAttentionAverage
Attention
PricePrice
Level
ChangeSMA10
Trend
Trend
Sentiment
Market
Sentiment
ActionFund.News
Sentiment
2024-10-310%      0%      291.37      58      -1.7%      0.03%      0.5      0.7      Long      2.6      -1.5     
2024-10-300%      0%      296.4      91      -0.83%      0.17%      0.9      0.8      Short      2      -1.5     
2024-10-290%      0%      298.89      107      1.74%      0.38%      1      0.7      Short      1.8      -1.5     
2024-10-220%      0%      288.33      63      -1.02%      -0.1%      -0.4      0.4      Range      1      -1.5     
2024-10-170%      0%      291.11      78      0.09%      0.35%      0.4      0.8      Range      2      -1.5     
2024-10-030%      0%      280.91      88      0.51%      0.55%      1.2      0.1      Range      2.4      -1.5     
2024-09-180%      0%      252.43      44      -1.08%      0.2%      0.4      0.6      Range      2.4      -1.5     
2024-07-240%      0%      1      0.6      Long      2.4      -1.5     
2024-06-260%      0%      1      0.7      Long      3.2      -1.5     
2024-04-080%      0%      1      0.7      Long      3.3      -1.5     
 
Trend sentiment reflects the price change, and market sentiment scores are calculated from many factors. Sentiment towards fundamentals and news sentiment are extracted from news headline. All sentiment scores are normalized in a -10 - +10 scale.
The price level reaches 100 at Bollinger upper band, and zero at lower band.
Range refers to range trade strategy. In an uptrend, the price will likely bullback after huge advance. As an investor, you may want to wait for the pullback to open long position. As a trader, you may consider tactical short. In a downtrend, the price will likely rebound after huge decline. As an investor, you may want to wait for the rebound to exit long position. As a trader, you may consider tactical long.


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