(Salem) Salem complete technical analysis [charts+indicators] | Buy/Sell Salem | (Salem) share price targets
Complete technical analysis of Salem (Salem) by charts plus indicators, forecast predictions and share price targets for Salem (Salem)
10 day averaged volume of Salem is 761
| Date | Daily Closing Price | Open | High | Low | Volume |
| 07 Tue May 2024 | 44.90 | 43.01 | 44.90 | 43.01 | 0.29 times |
| 06 Mon May 2024 | 43.65 | 44.00 | 44.00 | 43.02 | 0.03 times |
| 03 Fri May 2024 | 44.54 | 44.55 | 44.55 | 44.54 | 0.862 times |
| 02 Thu May 2024 | 44.90 | 46.00 | 46.00 | 44.81 | 0.356 times |
| 30 Tue Apr 2024 | 45.03 | 46.00 | 46.00 | 45.00 | 0.163 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 44.4 as stoploss in an intra day buy trade for a target of 45.93. However, stock will show a bearish move below 44.4.
Share price targets for Salem (Salem)
| Target Type | Value |
| Downside Target | 39.80 |
| Downside Target | 42.00 |
| Upside Target | 46.00 |
| Upside Target | 46.80 |
| Upside Target | 46.99 |
| Upside Target | 49.00 |
| Upside Target | 50.70 |
| Upside Target | 52.90 |
| Upside Target | 55.00 |
Intraday share price targets for Salem (Salem)
| Target Type | Value |
| Downside Intraday Target | 43.64 |
| Downside Intraday Target | 42.38 |
| Upside Intraday Target | 45.53 |
| Upside Intraday Target | 46.16 |
| Downside Intraday Target | 44.27 |
Weekly technical analysis of Salem (Salem)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 07 Tue May 2024 | 44.90 | 44.00 | 44.90 | 43.01 | 0.088 times |
| 03 Fri May 2024 | 44.54 | 46.99 | 46.99 | 44.54 | 0.583 times |
| 26 Fri Apr 2024 | 44.42 | 45.00 | 49.00 | 43.20 | 1.666 times |
| 19 Fri Apr 2024 | 44.09 | 45.50 | 46.80 | 44.00 | 0.459 times |
| 12 Fri Apr 2024 | 44.65 | 52.90 | 52.90 | 42.80 | 1.541 times |
Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.
Monthly technical analysis of Salem (Salem)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 07 Tue May 2024 | 44.90 | 46.00 | 46.00 | 43.01 | 0.06 times |
| 30 Tue Apr 2024 | 45.03 | 50.00 | 52.90 | 42.80 | 0.501 times |
| 28 Thu Mar 2024 | 44.60 | 50.90 | 55.00 | 42.00 | 0.302 times |
| 29 Thu Feb 2024 | 50.00 | 47.40 | 55.00 | 45.40 | 1.344 times |
Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.
Indicators analysis of Salem (Salem)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 25, 31, 9 | Sell |
| MACD | -1, -1 | Sell |
| Stochastics | 22 | Sell |
| CCI | -74 | Buy |
| RSI | 55 | Buy |
| OBV | -6482 | Sell |
| VWAP | 45 | Buy |
| ADL | 0 | Sell |
| ROC | -6 | Sell |
| Force Index | 0 | Sell |
Price action analysis of Salem ( (Salem) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Salem ( (Salem) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Salem ( (Salem) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Salem ( (Salem) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
ADX buy sell signal for Salem stock for short term is SELL. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Salem in short term and the sell signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Salem Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up
CCI has generated a buy signal for Salem in short term but BUY signal is weak.
RSI is generating a BUY signal in short term but buying is losing momentum.
MRSI is in positive zone. This is a BUY zone
Stock of Salem is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 44.84 and Salem (Salem) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down
People seem to be coming out and selling the Salem (Salem) stock. Volume based technical analysis of Salem (Salem) stock is negative.
Salem Stock has given negative returns over a short term period. Returns for a longer term period have been negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
Click here for further forecast and predictions for tomorrow
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