(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 2024-08-01 View latest technical analysis
10 day averaged volume of Salem is 1235
| Date | Daily Closing Price | Open | High | Low | Volume |
| 01 Thu Aug 2024 | 47.08 | 48.89 | 50.00 | 47.00 | 2.898 times |
| 31 Wed Jul 2024 | 48.89 | 47.66 | 48.89 | 47.60 | 0.408 times |
| 30 Tue Jul 2024 | 48.89 | 48.89 | 48.89 | 47.60 | 0.462 times |
| 29 Mon Jul 2024 | 48.89 | 48.51 | 49.50 | 47.30 | 1.081 times |
| 26 Fri Jul 2024 | 48.51 | 48.54 | 48.54 | 47.35 | 1.586 times |
| 25 Thu Jul 2024 | 48.54 | 46.75 | 49.65 | 46.75 | 2.05 times |
| 24 Wed Jul 2024 | 47.68 | 48.45 | 49.40 | 47.10 | 1.519 times |
| 23 Tue Jul 2024 | 49.40 | 47.55 | 49.50 | 47.55 | 0.03 times |
| 22 Mon Jul 2024 | 47.55 | 49.90 | 49.90 | 47.45 | 1.309 times |
| 19 Fri Jul 2024 | 49.90 | 50.00 | 50.00 | 49.89 | 0.247 times |
Stock of Salem (Salem) has showed a significant fall. This could be a good time to exit from this stock.
Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 46.7, for a target of 47.9 or 48.89
Share price targets for Salem (Salem)
| Target Type | Value |
| Downside Target | 42.00 |
| Downside Target | 46.75 |
| Upside Target | 49.25 |
| Upside Target | 50.00 |
| Upside Target | 51.90 |
| Upside Target | 52.00 |
| Upside Target | 52.90 |
| Upside Target | 52.96 |
| Upside Target | 60.50 |
| Upside Target | 82.78 |
Intraday share price targets for Salem (Salem)
| Target Type | Value |
| Downside Intraday Target | 46.05 |
| Downside Intraday Target | 45.03 |
| Upside Intraday Target | 49.05 |
| Upside Intraday Target | 51.03 |
| Upside Intraday Target | 48.03 |
Weekly technical analysis of Salem (Salem)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 01 Thu Aug 2024 | 47.08 | 48.51 | 50.00 | 47.00 | 0.747 times |
| 26 Fri Jul 2024 | 48.51 | 49.90 | 49.90 | 46.75 | 1.516 times |
| 19 Fri Jul 2024 | 49.90 | 52.00 | 52.00 | 48.00 | 0.418 times |
| 12 Fri Jul 2024 | 50.59 | 48.60 | 52.96 | 48.00 | 0.68 times |
| 05 Fri Jul 2024 | 48.50 | 51.90 | 51.90 | 47.50 | 1.26 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 |
| 01 Thu Aug 2024 | 47.08 | 48.89 | 50.00 | 47.00 | 0.076 times |
| 31 Wed Jul 2024 | 48.89 | 51.90 | 52.96 | 46.75 | 0.708 times |
| 28 Fri Jun 2024 | 50.87 | 60.50 | 60.50 | 49.25 | 0.111 times |
| 31 Fri May 2024 | 57.89 | 46.00 | 82.78 | 42.00 | 30.52 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 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 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 BUY signal for Salem in short term but the buy signal is initial and weak.
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. 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 but buying is losing 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 48.04 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 negative.
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 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 BUY signal for Salem in short term but the buy signal is initial and weak.
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. 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 but buying is losing 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 48.04 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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