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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 1573

Date Daily Closing Price Open High Low Volume
25 Fri Nov 2022 45.15 45.80 45.80 43.65 0.542 times
24 Thu Nov 2022 44.05 45.90 46.00 43.30 1.408 times
23 Wed Nov 2022 43.85 45.65 47.00 43.65 0.28 times
22 Tue Nov 2022 45.70 45.00 46.40 43.25 1.594 times
21 Mon Nov 2022 45.50 46.35 47.80 45.50 0.685 times
18 Fri Nov 2022 46.10 48.10 48.10 46.05 0.645 times
17 Thu Nov 2022 47.75 47.90 47.90 45.50 0.123 times
16 Wed Nov 2022 46.10 49.50 49.50 45.60 0.44 times
15 Tue Nov 2022 47.35 45.30 47.35 45.20 1.159 times
14 Mon Nov 2022 45.20 49.40 49.85 45.15 2.6 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 45.2, but if it comes above 45.2, then a intra day buy could be more profitable.
If you take a sell trade below 45.2, then use 45.2 as stoploss and 43 as target. However if you take a buy trade in stock , then use 45.2 as stoploss and 47.08 as target.

Share price targets for Salem (Salem)

Target Type Value
Downside Target 35.65
Downside Target 39.00
Downside Target 43.25
Downside Target 45.00
Upside Target 47.45
Upside Target 49.85
Upside Target 50.50
Upside Target 50.80
Upside Target 51.90
Upside Target 53.95
Upside Target 56.45
Upside Target 59.30

Intraday share price targets for Salem (Salem)

Target Type Value
Downside Intraday Target 43
Downside Intraday Target 40.85
Upside Intraday Target 47.55
Upside Intraday Target 49.95
Upside Intraday Target 45.4

Weekly technical analysis of Salem (Salem)

Date Weekly Closing Price Open High Low Volume
25 Fri Nov 2022 45.15 46.35 47.80 43.25 0.907 times
18 Fri Nov 2022 46.10 49.40 49.85 45.15 2.398 times
11 Fri Nov 2022 47.50 49.95 50.45 47.45 0.724 times
04 Fri Nov 2022 47.80 46.15 51.90 46.15 1.111 times
28 Fri Oct 2022 46.10 48.70 50.50 45.30 1.053 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
25 Fri Nov 2022 45.15 49.95 51.90 43.25 1.321 times
31 Mon Oct 2022 47.90 51.95 53.95 45.30 0.744 times
30 Fri Sep 2022 49.70 51.40 56.45 45.00 0.645 times
30 Tue Aug 2022 51.40 43.00 59.30 39.00 3.309 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)

Indicator Name Indicator Value Indicator Signal
ADX 11, 15, 16 Sell
MACD -2, -1Sell
Stochastics 16Sell
CCI -80Buy
RSI 47Sell
OBV -3451Sell
VWAP 45Sell
ADL 0Sell
ROC -5Sell
Force Index 0Sell

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 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.

Salem Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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 SELL signal in short term and selling is picking up 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 45.49 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.

Click here for Salem charts

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart

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