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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 2024-01-16 View latest technical analysis

10 day averaged volume of Salem Media is 274840

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Jan 2024	0.33	0.35	0.44	0.32	13.195 times
12 Fri Jan 2024	0.33	0.32	0.34	0.32	0.355 times
12 Fri Jan 2024	0.33	0.32	0.34	0.32	0.355 times
11 Thu Jan 2024	0.32	0.33	0.33	0.32	0.501 times
10 Wed Jan 2024	0.34	0.33	0.34	0.31	0.14 times
09 Tue Jan 2024	0.33	0.33	0.34	0.32	0.213 times
08 Mon Jan 2024	0.33	0.32	0.35	0.30	0.696 times
05 Fri Jan 2024	0.32	0.35	0.36	0.31	0.949 times
04 Thu Jan 2024	0.34	0.34	0.37	0.30	1.663 times
03 Wed Jan 2024	0.34	0.35	0.36	0.34	1.229 times

Stock of Salem Media (SALM) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 0.3 as stoploss in an intra day buy trade for a target of 0.41. However, stock will show a bearish move below 0.3.

Share price targets for Salem Media (SALM)

Target Type	Value
Downside Target	0.30
Downside Target	0.32
Upside Target	0.34
Upside Target	0.35
Upside Target	0.37
Upside Target	0.41
Upside Target	0.44
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	0.29
Downside Intraday Target	0.24
Upside Intraday Target	0.41
Upside Intraday Target	0.48
Upside Intraday Target	0.36

Weekly technical analysis of Salem Media (SALM)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Jan 2024	0.33	0.35	0.44	0.32	37.12 times
12 Fri Jan 2024	0.33	0.32	0.34	0.32	0.187 times
12 Fri Jan 2024	0.33	0.32	0.35	0.30	0.246 times
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

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
16 Tue Jan 2024	0.33	0.39	0.44	0.30	1.593 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, and volume has increased substantially. This means that the move can 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 neutral. A longer time frame might give a better analysis.

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 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 BUY. Signal strength is Weak and stock is gaining 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 coming down

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 negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 0.33 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.