SALISBURY BANCORP INC (SAL) Technical Analysis
NASDAQ:SAL • US7952261094
Current stock price
SAL Technical Rating and Analysis
We assign a technical rating of 9 out of 10 to SAL. 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.
- Warning: SAL has an average volume of 12128 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long and short term trends are both positive. This is looking good!
- SAL is one of the better performing stocks in the Banks industry, it outperforms 98% of 380 stocks in the same industry.
- SAL is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Looking at the yearly performance, SAL did better than 90% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
- SAL is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SAL is lagging the market slightly.
SAL Weekly and Daily overview Charts
SAL Setup Rating and Analysis
SAL has an excellent technical rating and 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
SAL Support and Resistance Analysis
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.
SAL Technical Indicator Signal Analysis
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. |
SAL Chart- and CandleStick Pattern Analysis
SAL Example Setup
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.
SAL Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:SAL (8/11/2023, 8:22:23 PM)
27.88
+0.43 (+1.57%)
SALISBURY BANCORP INC / SAL TA FAQ
What is the ChartMill technical rating of SALISBURY BANCORP INC (SAL) stock?
ChartMill assigns a technical rating of 8 / 10 to SAL.
What is the current trend direction of SALISBURY BANCORP INC (SAL) stock?
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 SALISBURY BANCORP INC (SAL) stock?
The short term momentum for SALISBURY BANCORP INC (SAL) is positive.
What is the buy/sell signal for SAL stock?
The buy/sell signal for SALISBURY BANCORP INC (SAL) is buy as both the short term and long term trends are positive.