(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 2024-04-12 View latest technical analysis
10 day averaged volume of Salem is 1034
| Date | Daily Closing Price | Open | High | Low | Volume |
| 12 Fri Apr 2024 | 44.65 | 47.75 | 47.75 | 42.80 | 2.072 times |
| 10 Wed Apr 2024 | 47.78 | 47.53 | 47.78 | 44.02 | 1.824 times |
| 09 Tue Apr 2024 | 48.98 | 48.50 | 49.00 | 48.50 | 0.107 times |
| 08 Mon Apr 2024 | 48.49 | 52.90 | 52.90 | 46.52 | 1.985 times |
| 05 Fri Apr 2024 | 45.61 | 48.00 | 50.00 | 45.60 | 3.004 times |
| 04 Thu Apr 2024 | 47.40 | 47.89 | 47.89 | 46.25 | 0.121 times |
| 03 Wed Apr 2024 | 46.95 | 45.40 | 46.95 | 45.40 | 0.207 times |
| 02 Tue Apr 2024 | 48.03 | 48.45 | 48.50 | 48.00 | 0.358 times |
| 01 Mon Apr 2024 | 48.50 | 50.00 | 50.00 | 48.50 | 0.195 times |
| 28 Thu Mar 2024 | 44.60 | 45.84 | 45.95 | 44.30 | 1.217 times |
Stock of Salem (Salem) has showed a significant fall. This could be a good time to exit from this stock.
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 45.3, but if it comes above 45.3, then a intra day buy could be more profitable.
If you take a sell trade below 45.3, then use 45.3 as stoploss and 43.6 as target. However if you take a buy trade in stock , then use 45.3 as stoploss and 46.67 as target.
Share price targets for Salem (Salem)
| Target Type | Value |
| Downside Target | 37.60 |
| Downside Target | 39.80 |
| Downside Target | 42.00 |
| Downside Target | 44.00 |
| Upside Target | 45.40 |
| Upside Target | 47.75 |
| Upside Target | 50.00 |
| Upside Target | 52.90 |
| 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 | 40.67 |
| Downside Intraday Target | 36.68 |
| Upside Intraday Target | 50.77 |
| Upside Intraday Target | 56.88 |
| Upside Intraday Target | 46.78 |
Weekly technical analysis of Salem (Salem)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 12 Fri Apr 2024 | 44.65 | 52.90 | 52.90 | 42.80 | 1.541 times |
| 05 Fri Apr 2024 | 45.61 | 50.00 | 50.00 | 45.40 | 1.583 times |
| 28 Thu Mar 2024 | 44.60 | 47.70 | 47.75 | 42.00 | 0.844 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 |
Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Salem (Salem)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 12 Fri Apr 2024 | 44.65 | 50.00 | 52.90 | 42.80 | 0.261 times |
| 28 Thu Mar 2024 | 44.60 | 50.90 | 55.00 | 42.00 | 0.302 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 |
Scroll below to view daily charts
Price has moved up 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 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 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 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 getting stronger in this stock.
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 but buying is losing momentum.
MRSI is in positive zone. This is a BUY 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 46.4 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 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 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 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 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 getting stronger in this stock.
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 but buying is losing momentum.
MRSI is in positive zone. This is a BUY 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 46.4 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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