Salesforce ended the session at $210.43 (-0.82%)

A quick look at today: the customer relationship management company has recovered almost all of its session losses after dipping down to $209.72 today.

Highly important Pending Home Sales data from United States beat analyst expectations of -0.5% with a reading of -2.7%.

This down-slide takes place while positive United States macroeconomics indicators data was published earlier – data from United States concerning GDP was released today at 12:30 UTC. Newly published figures emphasized continued decline from last month's figure of 2.6 to two this month. United States Initial Jobless Claims beat analyst expectations of 266,000 and the previous reading of 265,000 with new data of 239,000.

Salesforce made an initial break below its 21 day Simple Moving Average at $212.17, a possible indication of a forthcoming negative trend. A Bearish Harami chart pattern, which is a means of predicting reversals in bull markets. When a Bearish Harami is detected at the top of a prevailing uptrend, it is typically considered a bearish signal and a prelude to a potential trend reversal. Salesforce's upper Bollinger Band® is at $216.28 which indicates a further downward move may follow. On the other hand, note that Salesforce could begin to recover as it approaches significant support, now $1.21 away from $209.22. Dipping below could be an indication that further losses are ahead.

Following today's unexpected losses, extensive multifactorial technical analysis forecasts Salesforce to buck against its prevailing uptrend and begin to dip lower in the short term. With all probabilities considered, the the customer relationship management company is expected to attract significant bearish sentiment in the coming days.

Salesforce was not the only decliner in the technology sector; Intel lost 1.97% today and closed at $32.91.

On the other hand, positive performances could be seen by looking at other technology stocks as Accenture plc Class A (Ireland) added 2.19% to its value, and traded at $308.33. IBM was up 1.75%.

Furthermore, United States Core PCE Price Index (MoM) (May) is scheduled for tomorrow at 12:30 UTC.

Salesforce hit a significant low of $128.27 around 6 months ago, but has since recovered 65.41%.