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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)

Showing technical analysis as on 2024-01-17 View latest technical analysis

10 day averaged volume of Salem is 6670

Date	Daily Closing Price	Open	High	Low	Volume
17 Wed Jan 2024	45.92	47.49	47.49	43.72	0.34 times
16 Tue Jan 2024	45.12	48.40	48.40	45.00	0.621 times
15 Mon Jan 2024	47.42	46.83	50.70	46.05	1.871 times
12 Fri Jan 2024	46.83	42.10	47.98	42.10	2.876 times
11 Thu Jan 2024	43.95	44.40	44.40	42.91	0.082 times
10 Wed Jan 2024	44.06	46.50	46.50	42.30	2.185 times
09 Tue Jan 2024	42.91	43.85	43.85	40.60	0.261 times
08 Mon Jan 2024	42.40	42.00	42.45	39.80	0.168 times
05 Fri Jan 2024	43.37	43.38	43.38	42.15	0.076 times
04 Thu Jan 2024	43.39	45.49	45.50	41.20	1.286 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 45, but if it comes below 45, then a intra day sell could be more profitable.
If you take a sell trade below 45, then use 45 as stoploss and 42.9 as target. However if you take a buy trade in stock , then use 45 as stoploss and 47.5 as target.

Share price targets for Salem (Salem)

Target Type	Value
Downside Target	35.01
Downside Target	36.90
Downside Target	39.45
Downside Target	42.00
Downside Target	43.45
Downside Target	43.72
Downside Target	44.95
Downside Target	45.50
Downside Target	45.80
Upside Target	47.98
Upside Target	50.70

Intraday share price targets for Salem (Salem)

Target Type	Value
Downside Intraday Target	42.86
Downside Intraday Target	39.8
Upside Intraday Target	49.84
Upside Intraday Target	53.76
Upside Intraday Target	46.78

Weekly technical analysis of Salem (Salem)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Wed Jan 2024	45.92	46.83	50.70	43.72	0.508 times
12 Fri Jan 2024	46.83	42.00	47.98	39.80	1.741 times
05 Fri Jan 2024	43.37	41.50	45.50	40.00	3.675 times
29 Fri Dec 2023	40.00	42.73	43.00	39.45	0.342 times
22 Fri Dec 2023	41.89	40.60	42.50	38.15	3.659 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
17 Wed Jan 2024	45.92	41.50	50.70	39.80	2.441 times
29 Fri Dec 2023	40.00	40.90	45.80	37.60	2.778 times
30 Thu Nov 2023	39.45	40.40	42.00	37.49	0.826 times
31 Tue Oct 2023	39.28	41.11	43.45	35.01	0.44 times

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Salem (Salem)

Price action analysis of Salem ( (Salem) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Salem ( (Salem) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Salem ( (Salem) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Salem stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Salem in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a SELL signal for Salem in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 45.5 and Salem (Salem) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Salem (Salem) stock. Volume based technical analysis of Salem (Salem) stock is negative.

Salem Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.