CRM 10.66% Gain Forecast: Neutral Strategy Amid Market Choppiness
Driving Growth in Choppy Markets: The Market Neutral Strategy (TA&FA) Yields 10.66% for CRM
Amid the turbulent financial climate, the spotlight falls on a standout market strategy. Investors utilizing the Market Neutral Strategy (Technical Analysis & Fundamental Analysis - TA&FA) have seen impressive gains of 10.66% with the Customer Relationship Management (CRM) stock.
This marks a notable victory in what is often perceived as a challenging trading environment, often characterized by volatility and quick shifts in market sentiment. These environments, known as 'choppy markets', require investors to possess a strategic edge, which in this case is delivered through the application of both TA and FA.
The recent performance of CRM attests to the efficacy of this combined analytical approach. Over the past few days, CRM's price has seen a healthy 1.21% advance across three days. Importantly, the data suggest that this uptick is not merely a fleeting success story.
Historical patterns reveal a promising future for this stock. When observing past instances where CRM advanced for three consecutive days, further growth occurred within the following month in 238 out of 336 cases. This translates into a success rate of 71%, hinting at the robust potential for sustained upward movement in the stock's value.
This data, underpinned by the TA&FA strategy, provides a compelling argument for CRM's strength in an otherwise choppy market. Investors leveraging this strategy have been able to navigate the market's turbulence and capitalize on the steady rise of CRM, leading to tangible rewards.
The Market Neutral Strategy, when bolstered by both Technical and Fundamental Analysis, seems to unlock significant value from popular stocks like CRM, even amid market instability. This approach can not only navigate the ebbs and flows of the market but can also harness this volatility to yield attractive returns.
The success of CRM serves as an encouraging sign for investors operating within today's choppy market landscape. The evidence suggests that a well-constructed strategy, based on both technical and fundamental insights, can guide investors toward sustainable growth opportunities, as demonstrated by CRM's impressive 10.66% yield.
As we forge ahead, CRM's performance affirms the power of employing a balanced analytical approach in extracting value from stocks. With a 71% chance of continued upward trajectory, this stock presents a promising prospect for those investors willing to harness the potential of market-neutral strategies within volatile trading environments.
CRM's Indicator enters downward trend
The Aroon Indicator for CRM entered a downward trend on August 29, 2023. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 156 similar instances where the Aroon Indicator formed such a pattern. In of the 156 cases the stock moved lower. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 15, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on CRM as a result. In of 93 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for CRM turned negative on September 18, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 47 similar instances when the indicator turned negative. In of the 47 cases the stock turned lower in the days that followed. This puts the odds of success at .
CRM moved below its 50-day moving average on September 15, 2023 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for CRM crossed bearishly below the 50-day moving average on September 21, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 19 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CRM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The RSI Indicator demonstrates that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 6 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CRM advanced for three days, in of 328 cases, the price rose further within the following month. The odds of a continued upward trend are .
CRM may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. CRM’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 90, placing this stock slightly better than average.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (3.457) is normal, around the industry mean (21.026). P/E Ratio (128.205) is within average values for comparable stocks, (152.725). Projected Growth (PEG Ratio) (1.318) is also within normal values, averaging (2.638). Dividend Yield (0.000) settles around the average of (0.088) among similar stocks. P/S Ratio (6.177) is also within normal values, averaging (74.081).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a developer of on-demand customer relationship management software technology
Industry PackagedSoftware
CRM and
Correlation & Price change
A.I.dvisor indicates that over the last year, CRM has been loosely correlated with ANSS. These tickers have moved in lockstep 62% of the time. This A.I.-generated data suggests there is some statistical probability that if CRM jumps, then ANSS could also see price increases.
| Ticker / NAME | Correlation To CRM | 1D Price Change % | ||
|---|---|---|---|---|
| CRM | 100% | -1.87% | ||
| ANSS - CRM | 62% Loosely correlated | -2.19% | ||
| WDAY - CRM | 61% Loosely correlated | -1.01% | ||
| HUBS - CRM | 61% Loosely correlated | -3.10% | ||
| NOW - CRM | 60% Loosely correlated | -2.65% | ||
| ESTC - CRM | 60% Loosely correlated | -1.63% | ||
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