Salesforce (CRM) Stock Signal: Is More Downside Ahead?

Short Trade Idea

Enter your short position between $239.49 (the intra-day low of its last bearish candlestick) and $244.53 (Friday’s intra-day high).

Salesforce (CRM) is a member of the Dow Jones Industrial Average, the S&P 100, and the S&P 500.
All three indices remain near record highs, but breakdown signals have risen.
The Bull Bear Power Indicator for the S&P 500 shows a negative divergence and does not confirm the uptrend.

Salesforce is a cloud-based software company focused on sales, customer service, marketing automation, e-commerce, analytics, artificial intelligence, and application development. CRM is one of the 100 largest companies by market capitalization globally, and the world’s largest enterprise applications firm.
So, why am I bearish on CRM despite its AI presence?
Lower-than-expected demand for its enterprise AI products, shareholder value destruction, and a decrease in its revenue growth rate raise concerns about the direction of Salesforce. Despite its growing AI presence, CRM has failed to capitalize on AI and is falling behind competitors. Its announcement to limit Slack data is a desperate attempt to prevent other AI companies from using its data and create a superior product, a sign that Salesforce is dealing with underlying issues that it does not know how to resolve.

Salesforce is a cloud-based software company focused on sales, customer service, marketing automation, e-commerce, analytics, artificial intelligence, and application development. CRM is one of the 100 largest companies by market capitalization globally, and the world’s largest enterprise applications firm.
So, why am I bearish on CRM despite its AI presence?
Lower-than-expected demand for its enterprise AI products, shareholder value destruction, and a decrease in its revenue growth rate raise concerns about the direction of Salesforce. Despite its growing AI presence, CRM has failed to capitalize on AI and is falling behind competitors. Its announcement to limit Slack data is a desperate attempt to prevent other AI companies from using its data and create a superior product, a sign that Salesforce is dealing with underlying issues that it does not know how to resolve.