Tomorrow, Salesforce is expected to report quarterly earnings of $1.36 on revenue of $8 billion. Its stock is up around 17% since the start of 2023.

From a technical perspective, the Salesforce stock is trading at around $163.51 a share.  We can see that last week on the daily interval, the price dipped below the 20-day moving average. The longer-term bias remains bullish, but a slight retracement may continue in the short term. Hence, support below sits at $159.65. A break below $159.65 could see the price decline further towards the 50 (currently $152.64) and 100-day (currently $150.90) moving averages. Nevertheless, tomorrow, Salesforce is expected to report quarterly earnings of $1.36 on revenue of $8 billion. A positive report may see its stock’s price edge higher, therefore, resistance above sits at $164.77 then at $165.47 then at $168.01 (20-day moving average). A break and close above the 20-day MA could see a continuation of this bullish trend since the start of the year. Taking a look at the indicators, MACD is negative but RSI is neutral as it reads 52. Salesforce’s stock is up 17% since the start of 2023, after losing around 48% of its value in 2022.