(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 585
| Date | Daily Closing Price | Open | High | Low | Volume |
| 19 Tue Nov 2024 | 49.04 | 58.00 | 58.00 | 49.01 | 1.579 times |
| 18 Mon Nov 2024 | 51.50 | 54.45 | 54.45 | 48.20 | 0.583 times |
| 14 Thu Nov 2024 | 52.00 | 53.50 | 55.00 | 43.50 | 2.352 times |
| 13 Wed Nov 2024 | 54.00 | 54.90 | 54.90 | 54.00 | 0.185 times |
| 12 Tue Nov 2024 | 54.00 | 55.00 | 55.00 | 52.20 | 2.15 times |
Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 49.1, for a target of 50.8 or 52.21
Share price targets for Salem (Salem)
| Target Type | Value |
| Downside Target | 43.50 |
| Downside Target | 45.35 |
| Downside Target | 46.75 |
| Downside Target | 48.20 |
| Upside Target | 52.96 |
| Upside Target | 55.00 |
| Upside Target | 55.10 |
| Upside Target | 55.70 |
| Upside Target | 58.00 |
Intraday share price targets for Salem (Salem)
| Target Type | Value |
| Downside Intraday Target | 45.49 |
| Downside Intraday Target | 41.95 |
| Upside Intraday Target | 55.29 |
| Upside Intraday Target | 61.55 |
| Upside Intraday Target | 51.75 |
Weekly technical analysis of Salem (Salem)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 19 Tue Nov 2024 | 49.04 | 54.45 | 58.00 | 48.20 | 0.363 times |
| 14 Thu Nov 2024 | 52.00 | 53.90 | 55.00 | 43.50 | 0.838 times |
| 08 Fri Nov 2024 | 54.10 | 55.00 | 55.00 | 51.00 | 4.117 times |
| 01 Fri Nov 2024 | 51.27 | 49.15 | 54.50 | 49.15 | 0.279 times |
| 25 Fri Oct 2024 | 50.15 | 53.50 | 54.00 | 50.00 | 0.229 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 |
| 19 Tue Nov 2024 | 49.04 | 54.50 | 58.00 | 43.50 | 0.377 times |
| 31 Thu Oct 2024 | 52.70 | 50.24 | 55.70 | 48.60 | 0.41 times |
| 30 Mon Sep 2024 | 51.00 | 51.20 | 55.70 | 50.01 | 0.886 times |
| 30 Fri Aug 2024 | 51.20 | 48.89 | 55.10 | 45.35 | 1.453 times |
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 | 14, 29, 34 | Sell |
| MACD | -0, 0 | Sell |
| Stochastics | 61 | None |
| CCI | -56 | Buy |
| RSI | 45 | Sell |
| OBV | 1800 | Sell |
| VWAP | 52 | Sell |
| ADL | 0 | Sell |
| ROC | -9 | 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 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 to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
Price action analysis of Salem ( (Salem) ) based on a mid to longer term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 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. Bulls are getting tired and bears are picking up momentum.
Ichimoku cloud is of red color and prices are in or above 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 SELL signal in short term and selling is picking up 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 52.39 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
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