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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 2024-01-29 View latest technical analysis

10 day averaged volume of Salem is 4366

Date	Daily Closing Price	Open	High	Low	Volume
29 Mon Jan 2024	45.45	46.90	46.90	45.05	0.976 times
25 Thu Jan 2024	44.42	47.25	47.25	43.00	0.163 times
24 Wed Jan 2024	44.00	48.70	48.70	44.00	0.284 times
23 Tue Jan 2024	44.33	44.31	46.39	44.31	0.133 times
22 Mon Jan 2024	45.20	45.99	46.94	44.50	0.112 times
19 Fri Jan 2024	45.99	46.35	47.70	44.21	0.356 times
18 Thu Jan 2024	45.77	47.39	47.39	43.52	0.23 times
17 Wed Jan 2024	45.92	47.49	47.49	43.72	0.52 times
16 Tue Jan 2024	45.12	48.40	48.40	45.00	0.949 times
15 Mon Jan 2024	47.42	46.83	50.70	46.05	2.859 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 45.9 as stoploss in an intra day sell trade for a target of 44.3. However, stock will show a bullish move above 45.9.

Share price targets for Salem (Salem)

Target Type	Value
Downside Target	35.01
Downside Target	36.90
Downside Target	39.80
Downside Target	42.00
Downside Target	43.00
Downside Target	44.95
Upside Target	45.50
Upside Target	45.80
Upside Target	46.90
Upside Target	47.98
Upside Target	48.70
Upside Target	50.70

Intraday share price targets for Salem (Salem)

Target Type	Value
Downside Intraday Target	44.7
Downside Intraday Target	43.95
Upside Intraday Target	46.55
Upside Intraday Target	47.65
Upside Intraday Target	45.8

Weekly technical analysis of Salem (Salem)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Mon Jan 2024	45.45	46.90	46.90	45.05	1.411 times
25 Thu Jan 2024	44.42	45.99	48.70	43.00	0.141 times
19 Fri Jan 2024	45.99	46.83	50.70	43.52	0.577 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

Price has moved up 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
29 Mon Jan 2024	45.45	41.50	50.70	39.80	2.751 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 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 neutral. A longer time frame might give a better analysis.

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 gaining momentum.

MACD generated a SELL signal for Salem in short term but the sell signal is initial and weak.

Salem Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green 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 BUY signal in short term and the buying is gaining 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 46.22 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 positive

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