NEW YORK – Shares of tech giant Salesforce Inc. (CRM) ended the trading session on a sharply negative note, signaling potential headwinds for the upcoming week. The stock closed at
8.51, or 3.19%, for the day.
The provided 1-day chart reveals a story of consistent selling pressure. After opening at $263.48, well below the previous close of $266.91, the stock failed to gain any positive momentum. It trended steadily downwards throughout the day, hitting a low of $258.00 before closing just pennies above that mark. This pattern of closing near the session’s low often indicates that sellers remained in control right until the market bell, a bearish signal for the short term.
Further analysis of the data points to a cautious outlook. The current price is trading much closer to its 52-week low of $227.77 than its 52-week high of $369.00, suggesting the stock is in a broader downtrend.
While after-hours trading showed a minuscule gain to $258.41, this movement is too small to suggest a reversal of the day’s heavy losses.
Outlook for Monday:
Given the strong downward momentum and the weak close on Friday, Salesforce stock is likely to face continued downward pressure or, at best, a period of consolidation when the market opens on Monday.
Traders will be closely watching if the stock can find support at or above its recent low of $258.00. A break below this level could trigger further selling. For sentiment to turn positive, buyers would need to step in decisively and push the price back above the day’s opening levels, a scenario that seems less likely based on the current technical picture.
Disclaimer: This article is based on an analysis of the provided image and does not constitute financial advice. Market conditions can change rapidly.
