Taking everything into account, SAL scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SAL is showing a nice and steady performance.
Besides having an excellent technical rating, SAL also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 27.78, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
22.91
2 important support areas can be observed.
- A support zone ranging from 27.13 to 27.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 23.14 to 23.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for SAL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SAL is up. |
| ChartMill Relative Strength | 90.65 | POSITIVE | SAL has a high relative strength, it outperformed 90.65% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SAL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SAL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SAL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.83 | NEUTRAL | The RSI value for SAL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests SAL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 56.23 | NEUTRAL | The Stochastics value for SAL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.09 | MEDIUM VOLATILITY | The ATR as a percentage value for SAL suggests some volalility. |
| Average Directional Index/ADX (14) | 28.98 | POSITIVE | The high ADX value value for SAL suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 28.32 | 27.12 | 1.20 (4.24%) | 23.60% |
| An entry @28.32. This is a Buy Stop order right above the 10 day high. | An exit @27.12. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.20 points, which is 4.24%. | For a 1.00% total portfolio risk, you can invest 23.60% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NASDAQ:SAL (8/11/2023, 8:22:23 PM)
27.88
+0.43 (+1.57%)
SALISBURY BANCORP INC / SAL FAQ
What is the ChartMill technical rating of SALISBURY BANCORP INC (SAL) stock?
ChartMill assigns a technical rating of 8 / 10 to SAL.
Can you provide the trend direction for SALISBURY BANCORP INC?
The current trend direction for SALISBURY BANCORP INC (SAL) is Bullish.
What is the RSI signal for SAL stock?
SALISBURY BANCORP INC (SAL) has an RSI value of 64.8326. This indicates that the stock is currently neutral.
What is the short term momentum for SAL stock?
The short term momentum for SALISBURY BANCORP INC (SAL) is positive.
What is the buy/sell signal for SALISBURY BANCORP INC (SAL) stock?
The buy/sell signal for SALISBURY BANCORP INC (SAL) is buy as both the short term and long term trends are positive.