Customer relationship management firm Salesforce (CRM) is set to report its fiscal third-quarter 2023 financial results after the closing bell Wednesday. Will shareholders get some help or be disappointed?
Let's see what we can glean from the charts and indicators.
In the daily bar chart of CRM, below, we can see that the shares have been in a downward trend the past 12 months. CRM made lows in October and November but the rebounds off of these lows have been relatively weak and not long sustained.
Trading volume has been a little more active the past three months, which is typically is a good sign, but the daily On-Balance-Volume (OBV) line remains depressed. The Moving Average Convergence Divergence (MACD) oscillator is struggling to improve.