(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)
Showing technical analysis as on 2024-03-15 View latest technical analysis
10 day averaged volume of Salem is 3357
Date | Daily Closing Price | Open | High | Low | Volume |
15 Fri Mar 2024 | 47.64 | 45.85 | 47.64 | 45.85 | 0.001 times |
14 Thu Mar 2024 | 45.80 | 45.85 | 45.85 | 43.00 | 0.179 times |
13 Wed Mar 2024 | 45.85 | 43.10 | 46.00 | 43.10 | 0.211 times |
12 Tue Mar 2024 | 45.97 | 54.90 | 54.90 | 44.30 | 1.014 times |
11 Mon Mar 2024 | 48.60 | 48.26 | 51.40 | 48.26 | 0.458 times |
07 Thu Mar 2024 | 49.86 | 55.00 | 55.00 | 46.31 | 0.319 times |
06 Wed Mar 2024 | 50.70 | 54.00 | 54.00 | 49.70 | 0.664 times |
05 Tue Mar 2024 | 50.58 | 51.50 | 53.00 | 49.61 | 5.172 times |
04 Mon Mar 2024 | 50.83 | 52.40 | 52.60 | 50.01 | 1.259 times |
02 Sat Mar 2024 | 52.50 | 52.58 | 52.58 | 52.50 | 0.001 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 47.7, but if it comes above 47.7, then a intra day buy could be more profitable.
If you take a sell trade below 47.7, then use 47.7 as stoploss and 45.5 as target. However if you take a buy trade in stock , then use 47.7 as stoploss and 49.44 as target.
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 | 45.40 |
Upside Target | 48.00 |
Upside Target | 50.70 |
Upside Target | 51.80 |
Upside Target | 52.58 |
Upside Target | 54.90 |
Upside Target | 55.00 |
Intraday share price targets for Salem (Salem)
Target Type | Value |
Downside Intraday Target | 42.13 |
Downside Intraday Target | 36.61 |
Upside Intraday Target | 54.03 |
Upside Intraday Target | 60.41 |
Upside Intraday Target | 48.51 |
Weekly technical analysis of Salem (Salem)
Date | Weekly Closing Price | Open | High | Low | Volume |
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 |
23 Fri Feb 2024 | 50.65 | 51.30 | 55.00 | 48.00 | 2.355 times |
16 Fri Feb 2024 | 49.90 | 51.80 | 51.80 | 47.00 | 0.144 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 |
15 Fri Mar 2024 | 47.64 | 50.90 | 55.00 | 43.00 | 0.259 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 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 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 Strong and stock is losing momentum.
MACD generated a SELL signal for Salem in short term but the sell signal is initial and weak.
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 below 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 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 49.8 and Salem (Salem) stock is trading below this level. This means that stock is falling with high volumes. 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.
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 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 Strong and stock is losing momentum.
MACD generated a SELL signal for Salem in short term but the sell signal is initial and weak.
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 below 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 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 49.8 and Salem (Salem) stock is trading below this level. This means that stock is falling with high volumes. 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.
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