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(SALM) Salem Media complete technical analysis [charts+indicators] | Buy/Sell Salem Media | (SALM) share price targets

Complete technical analysis of Salem Media (SALM) by charts plus indicators, forecast predictions and share price targets for Salem Media (SALM)

Salem Media trades in USA in Consumer Services sector.

Showing technical analysis as on 2023-12-19 View latest technical analysis

10 day averaged volume of Salem Media is 42210

Date	Daily Closing Price	Open	High	Low	Volume
19 Tue Dec 2023	0.57	0.55	0.59	0.55	1.09 times
18 Mon Dec 2023	0.54	0.55	0.58	0.52	2.26 times
15 Fri Dec 2023	0.55	0.54	0.57	0.54	0.571 times
14 Thu Dec 2023	0.54	0.52	0.58	0.52	2.232 times
13 Wed Dec 2023	0.53	0.55	0.56	0.52	1.819 times
12 Tue Dec 2023	0.55	0.57	0.58	0.55	0.862 times
11 Mon Dec 2023	0.58	0.58	0.59	0.57	0.431 times
08 Fri Dec 2023	0.58	0.58	0.59	0.57	0.597 times
07 Thu Dec 2023	0.58	0.57	0.60	0.57	0.367 times
06 Wed Dec 2023	0.57	0.59	0.60	0.57	0.358 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 0.6, but if it comes above 0.6, then a intra day buy could be more profitable.
If you take a sell trade below 0.6, then use 0.6 as stoploss and 0.5 as target. However if you take a buy trade in stock , then use 0.6 as stoploss and 0.58 as target.

Share price targets for Salem Media (SALM)

Target Type	Value
Downside Target	0.52
Downside Target	0.54
Downside Target	0.56
Upside Target	0.62
Upside Target	0.63
Upside Target	0.69
Upside Target	0.78
Upside Target	0.80
Upside Target	0.98

Intraday share price targets for Salem Media (SALM)

Target Type	Value
Downside Intraday Target	0.53
Downside Intraday Target	0.49
Upside Intraday Target	0.6
Upside Intraday Target	0.63
Downside Intraday Target	0.56

Weekly technical analysis of Salem Media (SALM)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Tue Dec 2023	0.57	0.55	0.59	0.52	0.566 times
15 Fri Dec 2023	0.55	0.58	0.59	0.52	2.973 times
08 Fri Dec 2023	0.58	0.61	0.62	0.57	0.828 times
01 Fri Dec 2023	0.62	0.59	0.63	0.57	0.422 times
24 Fri Nov 2023	0.60	0.62	0.62	0.58	0.835 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 Media (SALM)

Date	Monthly Closing Price	Open	High	Low	Volume
19 Tue Dec 2023	0.57	0.59	0.62	0.52	0.605 times
30 Thu Nov 2023	0.60	0.68	0.80	0.57	1.67 times
31 Tue Oct 2023	0.67	0.60	0.78	0.59	0.484 times
29 Fri Sep 2023	0.59	0.62	0.69	0.54	0.723 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 Media (SALM)

Price action analysis of Salem Media ( (SALM) ) 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 Media ( (SALM) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Salem Media ( (SALM) ) 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 Media ( (SALM) ) 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 Media stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Salem Media in short term and the sell signal is strong.

Salem Media 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 weakening, and bulls 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 buy signal for Salem Media in short term and BUY signal is strong.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Salem Media is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 0.55 and Salem Media (SALM) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down

People seem to be coming out and selling the Salem Media (SALM) stock. Volume based technical analysis of Salem Media (SALM) stock is negative.

Salem Media 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.