Salesforce (CRM) stock price remained nearly unchanged in its latest session after rising at the beginning of trading, driven by positive signals from the Stochastic indicators after reaching deeply oversold levels, as the stock attempted through this rise to attack the upper boundary of a short-term bearish price channel that has constrained trading during the recent period. This coincided with a collision against the resistance of its 50-day SMA, exposing the stock to compounded negative pressure that forced it to reverse lower and erase all of its early gains.

Therefore, as long as the stock price remains above the $173.30 level, our expectations continue to lean toward the upside in its upcoming trading, targeting the key resistance level at $204.85.

Todays price forecast: Neutral