Login or Join
Learn then Earn

(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 4286

Date Daily Closing Price Open High Low Volume
16 Thu May 2024 54.46 45.40 54.46 45.40 8.566 times
15 Wed May 2024 45.39 45.65 45.65 43.62 0.496 times
14 Tue May 2024 43.66 44.90 44.90 43.61 0.006 times
13 Mon May 2024 44.90 45.65 45.65 44.00 0.11 times
10 Fri May 2024 44.70 44.98 45.40 42.00 0.26 times

Stock of Salem (Salem) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 50.9, for a target of 48.1 or 45.74

Share price targets for Salem (Salem)

Target Type Value
Downside Target 39.80
Downside Target 42.00
Downside Target 46.80
Downside Target 46.99
Downside Target 49.00
Downside Target 50.70
Downside Target 52.90
Downside Target 54.46
Upside Target 55.00

Intraday share price targets for Salem (Salem)

Target Type Value
Downside Intraday Target 47.23
Downside Intraday Target 39.99
Upside Intraday Target 58.08
Upside Intraday Target 61.69
Downside Intraday Target 50.84

Weekly technical analysis of Salem (Salem)

Date Weekly Closing Price Open High Low Volume
16 Thu May 2024 54.46 45.65 54.46 43.61 13.75 times
10 Fri May 2024 44.70 44.00 45.90 42.00 1.037 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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Salem (Salem)

Date Monthly Closing Price Open High Low Volume
16 Thu May 2024 54.46 46.00 54.46 42.00 2.199 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 up this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Salem (Salem)

Indicator Name Indicator Value Indicator Signal
ADX 46, 22, 36 Buy
MACD 0, -1Buy
Stochastics 75Buy
CCI 300Buy
RSI 64Buy
OBV 36403Sell
VWAP 53Buy
ADL 0Sell
ROC 21Buy
Force Index 0Sell

Price action analysis of Salem ( (Salem) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Salem ( (Salem) ) based on a short 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 short to mid term time period is

Price action analysis of Salem ( (Salem) ) based on a mid to longer term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

ADX buy sell signal for Salem stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Salem in short term and the buy 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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 and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Salem is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 53.11 and Salem (Salem) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Salem (Salem) stock. Volume based technical analysis of Salem (Salem) stock is negative.

Salem Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

Click here for Salem charts

Click here for further forecast and predictions for tomorrow

Learn then Earn
Back to top | Use Dark Theme