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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 2024-01-05 View latest technical analysis

10 day averaged volume of Salem Media is 528400

Date	Daily Closing Price	Open	High	Low	Volume
05 Fri Jan 2024	0.32	0.35	0.36	0.31	0.494 times
04 Thu Jan 2024	0.34	0.34	0.37	0.30	0.865 times
03 Wed Jan 2024	0.34	0.35	0.36	0.34	0.639 times
02 Tue Jan 2024	0.36	0.39	0.41	0.33	2.028 times
29 Fri Dec 2023	0.39	0.54	0.55	0.37	1.975 times
29 Fri Dec 2023	0.39	0.54	0.55	0.37	1.975 times
28 Thu Dec 2023	0.55	0.54	0.58	0.53	0.192 times
27 Wed Dec 2023	0.54	0.54	0.65	0.51	1.374 times
26 Tue Dec 2023	0.54	0.52	0.59	0.52	0.675 times
22 Fri Dec 2023	0.54	0.52	0.56	0.52	0.16 times

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 0.3, for a target of 0.4 or 0.49

Share price targets for Salem Media (SALM)

Target Type	Value
Downside Target	0.30
Upside Target	0.37
Upside Target	0.41
Upside Target	0.52
Upside Target	0.54
Upside Target	0.57
Upside Target	0.59
Upside Target	0.65
Upside Target	0.69
Upside Target	0.78
Upside Target	0.80

Intraday share price targets for Salem Media (SALM)

Target Type	Value
Downside Intraday Target	0.28
Downside Intraday Target	0.23
Upside Intraday Target	0.39
Upside Intraday Target	0.45
Upside Intraday Target	0.34

Weekly technical analysis of Salem Media (SALM)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Fri Jan 2024	0.32	0.39	0.41	0.30	2.038 times
29 Fri Dec 2023	0.39	0.54	0.55	0.37	0.468 times
29 Fri Dec 2023	0.39	0.52	0.65	0.37	5.706 times
22 Fri Dec 2023	0.54	0.55	0.59	0.52	1.564 times
15 Fri Dec 2023	0.55	0.58	0.59	0.52	2.973 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
05 Fri Jan 2024	0.32	0.39	0.41	0.30	0.532 times
29 Fri Dec 2023	0.39	0.59	0.65	0.37	5.04 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

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 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 is trading near its recent LOWS in short term which reflects strong selling momentum. 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 Media in short term and SELL 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 0.41 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.