(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 2024-06-20 View latest technical analysis
10 day averaged volume of Salem is 3519
| Date | Daily Closing Price | Open | High | Low | Volume |
| 20 Thu Jun 2024 | 53.93 | 54.70 | 55.94 | 51.97 | 0.776 times |
| 19 Wed Jun 2024 | 54.70 | 54.98 | 54.98 | 52.24 | 0.898 times |
| 18 Tue Jun 2024 | 54.98 | 54.00 | 54.99 | 52.06 | 0.833 times |
| 14 Fri Jun 2024 | 52.63 | 52.98 | 54.99 | 51.30 | 1.827 times |
| 13 Thu Jun 2024 | 52.63 | 52.98 | 54.99 | 51.30 | 1.827 times |
| 12 Wed Jun 2024 | 53.98 | 53.99 | 54.99 | 53.98 | 0.302 times |
| 11 Tue Jun 2024 | 53.24 | 53.80 | 55.00 | 51.16 | 1.062 times |
| 10 Mon Jun 2024 | 52.72 | 52.50 | 52.73 | 51.00 | 1.693 times |
| 07 Fri Jun 2024 | 50.22 | 52.25 | 53.26 | 49.25 | 0.519 times |
| 06 Thu Jun 2024 | 51.21 | 51.25 | 52.82 | 51.21 | 0.918 times |
My analysis of stock is bearish for shortterm, and stock might move down till 50.8 or till 43.4. Use a stoploss of 56.85 and if the stock hits stoploss, then it can shoot up till 62.94
Share price targets for Salem (Salem)
| Target Type | Value |
| Downside Target | 42.00 |
| Downside Target | 45.40 |
| Downside Target | 49.25 |
| Downside Target | 51.00 |
| Upside Target | 55.00 |
| Upside Target | 55.94 |
| Upside Target | 60.50 |
| Upside Target | 64.65 |
| Upside Target | 68.05 |
| Upside Target | 82.78 |
Intraday share price targets for Salem (Salem)
| Target Type | Value |
| Downside Intraday Target | 51.95 |
| Downside Intraday Target | 49.98 |
| Upside Intraday Target | 55.92 |
| Upside Intraday Target | 57.92 |
| Upside Intraday Target | 53.95 |
Weekly technical analysis of Salem (Salem)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 20 Thu Jun 2024 | 53.93 | 54.00 | 55.94 | 51.97 | 0.374 times |
| 14 Fri Jun 2024 | 52.63 | 52.50 | 55.00 | 51.00 | 1.302 times |
| 07 Fri Jun 2024 | 50.22 | 60.50 | 60.50 | 49.25 | 0.738 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 |
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 |
| 20 Thu Jun 2024 | 53.93 | 60.50 | 60.50 | 49.25 | 0.084 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 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 short 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 short to mid 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 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 SELL. Signal strength is Weak and stock is losing 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 HIGHS, which reflects strong buying momentum in short term! Bulls 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 but SELL 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 52.96 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 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 short 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 short to mid 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 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 SELL. Signal strength is Weak and stock is losing 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 HIGHS, which reflects strong buying momentum in short term! Bulls 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 but SELL 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 52.96 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.
Click here for further forecast and predictions for tomorrow