Salesforce: Strong Technical Chart And Undervalued


  • Salesforce is a global leader in CRM and sales automation software.
  • The company serves an elite list of customers which includes Ford, L’Oreal, and the majority of the Fortune 1000.
  • The Technical Chart of Salesforce shows positive bullish momentum, and the stock price is close to a “break out”.
  • Salesforce beat both revenue and earnings estimates for the third quarter of fiscal year 2023.

Salesforce New York City


Salesforce (NYSE:CRM) is a software as a service company that pioneered the Customer Relationship Management (CRM) solution. In addition, its “sales automation” technology is now commonplace in the business world. Its technology uses advanced algorithms to score “leads” or prospective customers, which have the most likely “intent” to buy. This enables

Data by YCharts

Salesforce Revenue

Salesforce Revenue (Q3, FY23)

Balance sheet

Balance Sheet (Q3, 2022 Report)

Salesforce Technical Chart 1

Salesforce Technical Chart 1 (Created by author Deep Tech Insights)

Salesforce Technical Chart 2

Salesforce Technical Chart 2 (Trading LauraLea)

Technical Chart 3

Technical Chart 3 (Trading IvanLabrie)

Salesforce stock valuation 1

Salesforce Stock Valuation 1 (Created by Author Deep Tech Insights)

Salesforce stock valuation 2

Salesforce Stock Valuation 2 (Created by Author Deep Tech Insights)

Data by YCharts

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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