(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 2024-06-05 View latest technical analysis
10 day averaged volume of Salem is 32852
| Date | Daily Closing Price | Open | High | Low | Volume |
| 05 Wed Jun 2024 | 53.90 | 54.50 | 54.50 | 53.22 | 0.013 times |
| 04 Tue Jun 2024 | 56.02 | 55.36 | 58.12 | 52.60 | 0.087 times |
| 03 Mon Jun 2024 | 55.36 | 60.50 | 60.50 | 55.00 | 0.298 times |
| 31 Fri May 2024 | 57.89 | 52.67 | 58.21 | 52.67 | 0.247 times |
| 30 Thu May 2024 | 55.44 | 55.44 | 55.44 | 55.44 | 0.139 times |
| 29 Wed May 2024 | 58.35 | 58.35 | 58.35 | 58.35 | 0.026 times |
| 28 Tue May 2024 | 61.42 | 61.43 | 61.43 | 61.42 | 0.103 times |
| 27 Mon May 2024 | 64.65 | 64.65 | 64.65 | 64.65 | 0.233 times |
| 24 Fri May 2024 | 68.05 | 71.22 | 73.00 | 68.05 | 1.241 times |
| 23 Thu May 2024 | 75.61 | 79.99 | 80.79 | 73.21 | 0.927 times |
My analysis of stock is bearish for shortterm, and stock might move down till 48 or till 35.1. Use a stoploss of 58.76 and if the stock hits stoploss, then it can shoot up till 69.52
Share price targets for Salem (Salem)
| Target Type | Value |
| Downside Target | 42.00 |
| Downside Target | 45.40 |
| Downside Target | 52.60 |
| Upside Target | 55.00 |
| Upside Target | 60.50 |
| Upside Target | 64.65 |
| Upside Target | 68.05 |
| Upside Target | 68.61 |
| Upside Target | 82.78 |
Intraday share price targets for Salem (Salem)
| Target Type | Value |
| Downside Intraday Target | 50.83 |
| Downside Intraday Target | 47.77 |
| Upside Intraday Target | 58.73 |
| Upside Intraday Target | 63.57 |
| Upside Intraday Target | 55.67 |
Weekly technical analysis of Salem (Salem)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 05 Wed Jun 2024 | 53.90 | 60.50 | 60.50 | 52.60 | 0.532 times |
| 31 Fri May 2024 | 57.89 | 64.65 | 64.65 | 52.67 | 0.058 times |
| 24 Fri May 2024 | 68.05 | 75.47 | 82.78 | 68.05 | 2.991 times |
| 18 Sat May 2024 | 68.61 | 45.65 | 68.61 | 43.61 | 49.941 times |
| 10 Fri May 2024 | 44.70 | 44.00 | 45.90 | 42.00 | 1.037 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 |
| 05 Wed Jun 2024 | 53.90 | 60.50 | 60.50 | 52.60 | 0.022 times |
| 31 Fri May 2024 | 57.89 | 46.00 | 82.78 | 42.00 | 30.52 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 |
Scroll below to view daily charts
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)
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 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 to mid 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 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 Weak 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 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 and the buying is gaining 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 66.85 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.
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 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 to mid 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 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 Weak 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 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 and the buying is gaining 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 66.85 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.
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