CRM Falls Sharply, $244 Pivot in Focus
$Salesforce.com(CRM)$
CRM Slumps -4.26%: Tech Giant Rejects Resistance, Eyes Key Support at $243
Latest Close Data:
As of Jan 5, 2026, CRM closed at $253.62, down -4.26% ($-11.29). This places it roughly 31% below its 52-week high of $367.09.
Core Market Drivers:
The stock faced significant selling pressure, driven by a broad tech sector pullback and continued net capital outflows over the past five trading days, indicating profit-taking and a shift in short-term sentiment.
Technical Analysis:
Volume surged to 9.68M shares (Volume Ratio: 3.12), confirming the sell-off.
The MACD histogram turned negative (-1.22), signaling a loss of bullish momentum.
The 6-day RSI plunged to 26.13, entering oversold territory and suggesting a potential near-term bounce.
Key Price Levels:
Primary Support: $243.96 (Previous swing low). A break below could target the 52-week low.
Strong Resistance: $259.86 (Failed breakout level). Reclaiming this is key for bulls.
Immediate Pivot: $253.62 (Today's close). Watch for consolidation or continuation.
Valuation Perspective:
The Forward P/E of 21.56 is below its historical average of 27.21 and near the lower bound of its range, indicating the recent sell-off has improved valuation metrics.
Analyst Targets:
Institutional sentiment remains bullish long-term. 49 analysts have an average price target of $325.71, with 42 recommending Buy or Strong Buy vs. only 1 Sell.
Weekly Outlook:
Expect volatile consolidation between $244 and $260 as the oversold RSI attempts to stabilize the price.
A decisive break below $244 could see a swift move toward $230. A rebound above $260 would target a retest of the $265 area.
Risk Disclaimer:
This analysis is for informational purposes only and not financial advice. Past performance does not guarantee future results. Investing involves risk, including potential loss of principal.
For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs.
🎉Cash Boost Account Now Supports 35,000+ Stocks & ETFs – Greater Flexibility Now
Find out more here.
Complete your first Cash Boost Account trade with a trade amount of ≥ SGD1000* to get SGD 688 stock vouchers*! The trade can be executed using any payment type available under the Cash Boost Account: Cash, CPF, SRS, or CDP.
Other helpful links:
💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉
How to open a CBA. How to link your CDP account. Other FAQs on CBA. Cash Boost Account Website.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
