CRM Gains 2.9% on Bounce from 52-Week Low
$Salesforce.com(CRM)$
CRM Rallied +2.94%: Tech Giant Bounces from 52-Week Low, Defending $220 Support
Latest Close Data
Closed at $228.09 on Jan 22, 2026, up +2.94% (+$6.51). The stock remains significantly below its 52-week high of $367.09 (-37.9%).
Core Market Drivers
The rebound appears to be a technical bounce from oversold conditions near its 52-week low.
Despite the daily gain, persistent net capital outflows over the past week highlight ongoing selling pressure in the broader market environment.
Technical Analysis
Volume was 9.48M shares (VR 0.77), indicating muted participation in the bounce. Key momentum indicators are deeply oversold but showing early signs of a potential turn:
RSI(6) at 32.19 is rising from extreme oversold levels (below 15 earlier this week). However, MACD remains in negative territory (DIF: -7.68, DEA: -3.23, MACD: -8.90), signaling the primary downtrend is still intact.
Key Price Levels
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Primary Support: $218.96 (52-week low). A break below could trigger accelerated selling.
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Strong Resistance: $243.96 (recent swing high). This level must be reclaimed to suggest a meaningful trend reversal.
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Immediate Pivot: $227.16 (recent support). Holding above this is critical for near-term bullish momentum.
Valuation Perspective
Forward P/E of 18.84 is notably below its historical average of 27.13 and the -1 Std.Dev level of 22.95, suggesting the stock is undervalued based on forward earnings expectations. TTM P/E is 30.45.
Analyst Targets
Sentiment remains bullish among analysts. 48 firms have an average price target of $324.31 (upside of ~42%). Recommendations are heavily skewed positive: 14 Strong Buy, 27 Buy, 12 Hold, 1 Sell.
Weekly Outlook
Expect consolidation between $218.96 (support) and $243.96 (resistance). A sustained break above the immediate pivot ($227.16) could target a move toward $235. Failure to hold the 52-week low may see a test of the $210-$215 zone.
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.
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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.
