CRM Volume Screams While Price Sits on the FloorSalesforce, Inc.BATS:CRMstingrayeaSalesforce is trading at $191.75 in a peculiar spot. Price sits at just 12% of its range — practically on the floor at $178.16 low. But volume just exploded to a 3.09 Z-score, which is extreme territory. When you see volume screaming at price floors, something is happening beneath the surface. The question is whether this is accumulation or distribution disguised as activity. Price Structure CRM has pulled back -18.7% from highs of $291.15, a deep retrace by any measure. The bounce so far is 9.8% but only registering a 0.5x multiplier — partial recovery at best. The spread is moderate at 19.2% and the signal reads as a tight bull with only 10.92% edge at 1.25x. Clarity is low at 46%, meaning the market hasn't made up its mind yet. This is a stock caught between a deep selloff and the very early stages of a potential recovery. Directional Bias The multi-timeframe picture is conflicted. Total signals run 31 green vs 21 red across 112 checks — bullish but not convincingly so at a 59.6/40.4 split. EMAs are actually slightly bearish at 4:5, which tells you the trend structure hasn't fully turned yet. Ichimoku is mixed at 7:6. Candle patterns lean bullish 9:5, and the counter-trend signals are notably bullish at 11:3 — meaning buyers are showing up on pullbacks. Momentum reads bear with an upward arrow and bandwidth at 25.28%, suggesting the bearish momentum is fading but hasn't flipped yet. Volume Intelligence This is the real story. Volume Z-score at 3.09 is extreme — well above the 2-sigma threshold that typically marks significant institutional activity. Total volume is 21.88M against a supply base of 4.19B. The directional flow is bull dominant with a bull Z of 3.28 vs bear Z of -0.86. Momentum is accelerating at 2.76 with expanding short-term momentum at 121.1%. The 1:5 timeframe volume comparison shows 3.09 on the short side vs 0.33 on the longer side — meaning this volume surge is fresh and concentrated in the near term, not a gradual build. No whale flags yet and no volume squeeze, but at these Z-scores, someone is moving serious size. OBV Z-score is -0.66 but reading inflow direction with normal divergence. That negative OBV Z with inflow suggests prior distribution is starting to reverse — early accumulation signature. Scenarios Bullish (50%): Extreme volume at floor prices is the classic accumulation setup. If this volume continues with bull dominance and price holds above $178, this could be the early innings of a reversal. First target would be the $210-215 zone where prior support becomes resistance. The counter-trend signals at 11:3 support this read. Bearish (30%): The EMA structure is still slightly bearish and momentum hasn't officially flipped. If volume fades after this surge without meaningful price follow-through, the floor at $178 gets tested again. A break below opens up significantly more downside. The partial bounce at only 0.5x means buyers haven't proven themselves yet. Sideways (20%): Price consolidates between $185-200 while volume builds a base. The low clarity reading at 46% supports a period of indecision. Watch for volume Z to sustain above 2.0 across multiple sessions to confirm intent rather than a one-off spike. What to Watch Volume sustainability is everything here. A single extreme volume day means nothing if it doesn't follow through. Track whether bull dominance holds above the 3.0 Z-score over coming sessions. The EMA structure flipping from 4:5 bearish to bullish would be the trend confirmation signal. OBV Z crossing positive while maintaining inflow would seal the accumulation thesis. Risk Note Price at 12% of its range means the stock has already taken significant damage. That's either an opportunity or a warning depending on context. The -18.7% retrace is deep and the bounce is only partial. Position sizing should reflect the high uncertainty — 46% clarity means nearly a coin flip on direction. The extreme volume provides an edge, but only if it sustains. Fading volume after a spike at lows often precedes another leg down. Volume is making a statement at the floor. Now price has to answer.