Salesforce Set For AI Gains?

By Staff of Seasonax

Seasons, Patterns & Cycles • Jul 5, 2023 at 6:45 AM EDT

According to recent research from Deutsche Bank, Salesforce Inc is a stock that could potentially gain a productivity boost from the emergence of AI technology.

person using MacBook Pro on table

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According to recent research from Deutsche Bank, Salesforce Inc (CRM) is a stock that could potentially gain a productivity boost from the emergence of AI technology. However, a number of analysts are cautious regarding the continued run of AI stocks higher, but will dip buyers step in at the right levels?

Salesforce Inc is already a top-performing cloud-based software company. So, does that mean any dips lower are worth buying? Seasonally the stock has a bias for gains with an average return of 3.24%. Between July 05 and August 13 salesforce stock has risen on average 73% of the time and over 10% last year in that period. Do these seasonals make any falls lower to the 100EMA on the daily chart worth buying?

Major Trade Risks: The main risk here would be if a broader slowdown in stocks develops over the next earnings release. Many analysts see the recent stock rally as overdone and over-reliant on a few big-name tech stocks.

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