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(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 799

Date Daily Closing Price Open High Low Volume
27 Wed Mar 2024 46.78 47.55 47.75 42.00 1.27 times
26 Tue Mar 2024 47.55 47.70 47.70 46.80 0.332 times
22 Fri Mar 2024 46.80 44.30 46.80 44.00 0.414 times
21 Thu Mar 2024 44.30 48.45 48.45 44.00 0.444 times
20 Wed Mar 2024 45.35 53.90 53.90 45.00 2.562 times
19 Tue Mar 2024 45.25 45.12 45.25 45.10 0.21 times
18 Mon Mar 2024 47.00 47.00 47.64 47.00 0.131 times
15 Fri Mar 2024 47.64 45.85 47.64 45.85 0.006 times
14 Thu Mar 2024 45.80 45.85 45.85 43.00 0.752 times
13 Wed Mar 2024 45.85 43.10 46.00 43.10 0.889 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 45.8 as stoploss in an intra day buy trade for a target of 48.1. However, stock will show a bearish move below 45.8.

Share price targets for Salem (Salem)

Target Type Value
Downside Target 37.49
Downside Target 39.80
Downside Target 42.00
Downside Target 43.00
Downside Target 44.00
Downside Target 45.40
Upside Target 47.75
Upside Target 50.70
Upside Target 52.58
Upside Target 53.90
Upside Target 54.90
Upside Target 55.00

Intraday share price targets for Salem (Salem)

Target Type Value
Downside Intraday Target 43.27
Downside Intraday Target 39.76
Upside Intraday Target 49.02
Upside Intraday Target 51.26
Downside Intraday Target 45.51

Weekly technical analysis of Salem (Salem)

Date Weekly Closing Price Open High Low Volume
27 Wed Mar 2024 46.78 47.70 47.75 42.00 0.426 times
22 Fri Mar 2024 46.80 47.00 53.90 44.00 0.48 times
15 Fri Mar 2024 47.64 48.26 54.90 43.00 0.251 times
07 Thu Mar 2024 49.86 52.40 55.00 46.31 5.517 times
02 Sat Mar 2024 52.50 48.65 52.58 48.00 0.192 times

Price has moved down 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
27 Wed Mar 2024 46.78 50.90 55.00 42.00 0.292 times
29 Thu Feb 2024 50.00 47.40 55.00 45.40 1.344 times
31 Wed Jan 2024 46.32 41.50 50.70 39.80 3.041 times
29 Fri Dec 2023 40.00 40.90 45.80 37.60 2.778 times

Scroll below to view daily charts

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)

Price action analysis of Salem ( (Salem) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Salem ( (Salem) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Salem ( (Salem) ) based on a short to mid 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 mid to longer term time period is neutral. A longer time frame might give a better analysis.

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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Salem in short term and SELL 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 45.87 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 negative.

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

Price action analysis of Salem ( (Salem) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Salem ( (Salem) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Salem ( (Salem) ) based on a short to mid 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 mid to longer term time period is neutral. A longer time frame might give a better analysis.

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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Salem in short term and SELL 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 45.87 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 negative.

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

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Daily charts

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