(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 2024-03-18 View latest technical analysis
10 day averaged volume of Salem is 3115
Date | Daily Closing Price | Open | High | Low | Volume |
18 Mon Mar 2024 | 47.00 | 47.00 | 47.64 | 47.00 | 0.034 times |
15 Fri Mar 2024 | 47.64 | 45.85 | 47.64 | 45.85 | 0.002 times |
14 Thu Mar 2024 | 45.80 | 45.85 | 45.85 | 43.00 | 0.193 times |
13 Wed Mar 2024 | 45.85 | 43.10 | 46.00 | 43.10 | 0.228 times |
12 Tue Mar 2024 | 45.97 | 54.90 | 54.90 | 44.30 | 1.093 times |
11 Mon Mar 2024 | 48.60 | 48.26 | 51.40 | 48.26 | 0.493 times |
07 Thu Mar 2024 | 49.86 | 55.00 | 55.00 | 46.31 | 0.344 times |
06 Wed Mar 2024 | 50.70 | 54.00 | 54.00 | 49.70 | 0.716 times |
05 Tue Mar 2024 | 50.58 | 51.50 | 53.00 | 49.61 | 5.574 times |
04 Mon Mar 2024 | 50.83 | 52.40 | 52.60 | 50.01 | 1.357 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 47.4, but if it comes above 47.4, then a intra day buy could be more profitable.
If you take a sell trade below 47.4, then use 47.4 as stoploss and 45.2 as target. However if you take a buy trade in stock , then use 47.4 as stoploss and 49.29 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 | 50.70 |
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 | 46.79 |
Downside Intraday Target | 46.57 |
Upside Intraday Target | 47.43 |
Upside Intraday Target | 47.85 |
Upside Intraday Target | 47.21 |
Weekly technical analysis of Salem (Salem)
Date | Weekly Closing Price | Open | High | Low | Volume |
18 Mon Mar 2024 | 47.00 | 47.00 | 47.64 | 47.00 | 0.017 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 |
23 Fri Feb 2024 | 50.65 | 51.30 | 55.00 | 48.00 | 2.355 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 |
18 Mon Mar 2024 | 47.00 | 50.90 | 55.00 | 43.00 | 0.26 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 gaining momentum.
MACD generated a SELL signal for Salem in short term and the sell signal is strong.
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 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
Stock of Salem is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 49.79 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 gaining momentum.
MACD generated a SELL signal for Salem in short term and the sell signal is strong.
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 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
Stock of Salem is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 49.79 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 further forecast and predictions for tomorrow