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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 2023-12-14 View latest technical analysis

10 day averaged volume of Salem Media is 24610

Date	Daily Closing Price	Open	High	Low	Volume
14 Thu Dec 2023	0.54	0.52	0.58	0.52	3.828 times
13 Wed Dec 2023	0.53	0.55	0.56	0.52	3.121 times
12 Tue Dec 2023	0.55	0.57	0.58	0.55	1.479 times
11 Mon Dec 2023	0.58	0.58	0.59	0.57	0.74 times
08 Fri Dec 2023	0.58	0.58	0.59	0.57	1.024 times
07 Thu Dec 2023	0.58	0.57	0.60	0.57	0.63 times
06 Wed Dec 2023	0.57	0.59	0.60	0.57	0.614 times
05 Tue Dec 2023	0.58	0.60	0.60	0.58	0.861 times
04 Mon Dec 2023	0.60	0.61	0.62	0.59	0.284 times
01 Fri Dec 2023	0.62	0.59	0.62	0.59	0.203 times

Stock of Salem Media (SALM) has showed a significant upmove. This could be a good time to enter in 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 0.5, for a target of 0.6 or 0.59

Share price targets for Salem Media (SALM)

Target Type	Value
Downside Target	0.52
Downside Target	0.54
Upside Target	0.56
Upside Target	0.62
Upside Target	0.63
Upside Target	0.69
Upside Target	0.76
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	0.51
Downside Intraday Target	0.48
Upside Intraday Target	0.58
Upside Intraday Target	0.62
Upside Intraday Target	0.55

Weekly technical analysis of Salem Media (SALM)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Thu Dec 2023	0.54	0.58	0.59	0.52	2.686 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
17 Fri Nov 2023	0.63	0.75	0.76	0.58	2.754 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Salem Media (SALM)

Date	Monthly Closing Price	Open	High	Low	Volume
14 Thu Dec 2023	0.54	0.59	0.62	0.52	0.396 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 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Salem Media Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Salem Media in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Salem Media is picking up selling 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 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 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.