(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 2024-08-23 View latest technical analysis
10 day averaged volume of Salem is 2617
| Date | Daily Closing Price | Open | High | Low | Volume |
| 23 Fri Aug 2024 | 49.90 | 47.56 | 50.00 | 47.55 | 0.571 times |
| 22 Thu Aug 2024 | 49.00 | 49.60 | 49.60 | 48.99 | 0.169 times |
| 21 Wed Aug 2024 | 47.61 | 50.70 | 50.70 | 47.61 | 2.393 times |
| 20 Tue Aug 2024 | 48.50 | 48.50 | 48.50 | 47.00 | 0.119 times |
| 19 Mon Aug 2024 | 48.50 | 46.51 | 48.70 | 46.10 | 5.526 times |
| 16 Fri Aug 2024 | 46.51 | 47.95 | 47.95 | 46.50 | 0.323 times |
| 14 Wed Aug 2024 | 47.95 | 47.95 | 47.95 | 45.56 | 0.403 times |
| 13 Tue Aug 2024 | 47.95 | 48.00 | 48.00 | 45.35 | 0.169 times |
| 12 Mon Aug 2024 | 47.00 | 47.00 | 47.10 | 47.00 | 0.211 times |
| 09 Fri Aug 2024 | 47.00 | 47.00 | 47.00 | 47.00 | 0.125 times |
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 50.1, for a target of 49 or 48.09
Share price targets for Salem (Salem)
| Target Type | Value |
| Downside Target | 42.00 |
| Downside Target | 45.35 |
| Downside Target | 48.00 |
| Downside Target | 49.25 |
| Downside Target | 49.90 |
| Upside Target | 50.00 |
| Upside Target | 50.70 |
| 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 | 47.1 |
| Downside Intraday Target | 44.3 |
| Upside Intraday Target | 51.7 |
| Upside Intraday Target | 53.5 |
| Downside Intraday Target | 48.9 |
Weekly technical analysis of Salem (Salem)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 23 Fri Aug 2024 | 49.90 | 46.51 | 50.70 | 46.10 | 7.935 times |
| 16 Fri Aug 2024 | 46.51 | 47.00 | 48.00 | 45.35 | 1.087 times |
| 09 Fri Aug 2024 | 47.00 | 49.50 | 49.50 | 46.20 | 0.417 times |
| 02 Fri Aug 2024 | 48.47 | 48.51 | 50.00 | 46.00 | 0.797 times |
| 26 Fri Jul 2024 | 48.51 | 49.90 | 49.90 | 46.75 | 1.516 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 |
| 23 Fri Aug 2024 | 49.90 | 48.89 | 50.70 | 45.35 | 0.692 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 up 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 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 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 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 BUY. 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.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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. Bulls are getting tired and bears are picking up momentum.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up
CCI has generated a SELL signal for Salem in short term but SELL signal is weak.
RSI is generating a SELL signal in short term and selling is picking up 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 48.23 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 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 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 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 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 BUY. 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.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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. Bulls are getting tired and bears are picking up momentum.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up
CCI has generated a SELL signal for Salem in short term but SELL signal is weak.
RSI is generating a SELL signal in short term and selling is picking up 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 48.23 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 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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