(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, -1 | Sell |
| Stochastics | 16 | Sell |
| CCI | -80 | Buy |
| RSI | 47 | Sell |
| OBV | -3451 | Sell |
| VWAP | 45 | Sell |
| ADL | 0 | Sell |
| ROC | -5 | 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 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.
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