(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 2024-05-17 View latest technical analysis
10 day averaged volume of Salem is 4286
| Date | Daily Closing Price | Open | High | Low | Volume |
| 17 Fri May 2024 | 65.35 | 64.00 | 65.35 | 64.00 | 7.132 times |
| 16 Thu May 2024 | 54.46 | 45.40 | 54.46 | 45.40 | 8.566 times |
| 15 Wed May 2024 | 45.39 | 45.65 | 45.65 | 43.62 | 0.496 times |
| 14 Tue May 2024 | 43.66 | 44.90 | 44.90 | 43.61 | 0.006 times |
| 13 Mon May 2024 | 44.90 | 45.65 | 45.65 | 44.00 | 0.11 times |
| 10 Fri May 2024 | 44.70 | 44.98 | 45.40 | 42.00 | 0.26 times |
| 09 Thu May 2024 | 45.90 | 45.90 | 45.90 | 45.90 | 0.002 times |
| 08 Wed May 2024 | 45.00 | 45.79 | 45.79 | 43.01 | 0.349 times |
| 07 Tue May 2024 | 44.90 | 43.01 | 44.90 | 43.01 | 0.052 times |
| 06 Mon May 2024 | 43.65 | 44.00 | 44.00 | 43.02 | 0.005 times |
Stock of Salem (Salem) has showed a significant upmove. This could be a good time to enter in this stock!
Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 57.4, for a target of 51.6 or 46.77
Share price targets for Salem (Salem)
| Target Type | Value |
| Downside Target | 39.80 |
| Downside Target | 42.00 |
| Downside Target | 46.80 |
| Downside Target | 46.99 |
| Downside Target | 49.00 |
| Downside Target | 50.70 |
| Downside Target | 52.90 |
| Downside Target | 55.00 |
| Downside Target | 65.35 |
Intraday share price targets for Salem (Salem)
| Target Type | Value |
| Downside Intraday Target | 50.86 |
| Downside Intraday Target | 36.36 |
| Upside Intraday Target | 72.6 |
| Upside Intraday Target | 79.84 |
| Downside Intraday Target | 58.1 |
Weekly technical analysis of Salem (Salem)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 17 Fri May 2024 | 65.35 | 45.65 | 65.35 | 43.61 | 24.434 times |
| 10 Fri May 2024 | 44.70 | 44.00 | 45.90 | 42.00 | 1.037 times |
| 03 Fri May 2024 | 44.54 | 46.99 | 46.99 | 44.54 | 0.583 times |
| 26 Fri Apr 2024 | 44.42 | 45.00 | 49.00 | 43.20 | 1.666 times |
| 19 Fri Apr 2024 | 44.09 | 45.50 | 46.80 | 44.00 | 0.459 times |
Price has moved up 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 |
| 17 Fri May 2024 | 65.35 | 46.00 | 65.35 | 42.00 | 3.757 times |
| 30 Tue Apr 2024 | 45.03 | 50.00 | 52.90 | 42.80 | 0.501 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 |
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 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 neutral. A longer time frame might give a better analysis.
Price action analysis of Salem ( (Salem) ) based on a mid to longer 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.
ADX buy sell signal for Salem stock for short term is BUY. Signal strength is Strong and stock is gaining 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up
CCI has generated a buy signal for Salem in short term and BUY signal is strong.
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 58.33 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.
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 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 neutral. A longer time frame might give a better analysis.
Price action analysis of Salem ( (Salem) ) based on a mid to longer 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.
ADX buy sell signal for Salem stock for short term is BUY. Signal strength is Strong and stock is gaining 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up
CCI has generated a buy signal for Salem in short term and BUY signal is strong.
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 58.33 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.
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