SALMAR ASA (SALM.OL) Stock Technical Analysis
OSL:SALM - Euronext Oslo - NO0010310956 - Common Stock - Currency: NOK
Overall SALM gets a technical rating of 0 out of 10. SALM scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, SALM is a bad performer in the overall market: 94% of all stocks are doing better.
SALM is part of the Food Products industry. There are 57 other stocks in this industry, of which 87% are performing better than SALM.
SALM is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month SALM has a been trading in the 408.80 - 460.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of SALM is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
424.71
600.95
When analyzing the support we notice one important area.
- A support zone ranging from 429.00 to 431.50. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 450.94 to 458.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @474.61 from a horizontal line in the daily time frame.
- Resistance @536.28 from a trend line in the weekly time frame.
- Resistance @595.00 from a horizontal line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for SALM.OL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SALM.OL is down. |
| ChartMill Relative Strength | 6.76 | NEGATIVE | SALM.OL has a low relative strength, it was outperformed by 93.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SALM.OL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SALM.OL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SALM.OL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 33.94 | NEUTRAL | The RSI value for SALM.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1 | NEGATIVE | The MACD value suggests SALM.OL has a negative trend. |
| Stochastics (14,3) | 7.55 | OVERSOLD | The low Stochastics value suggests SALM.OL may be oversold. |
| Average True Range in percent/ATR (20) | 2.55 | MEDIUM VOLATILITY | The ATR as a percentage value for SALM.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 22.3 | NEUTRAL | The ADX value for SALM.OL suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
OSL:SALM (7/15/2025, 11:05:05 AM)
431.8
+16 (+3.85%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg3.85%
1 Week-3.03%
2 Weeks-4.81%
1 Month-9.92%
3 Month-17.5%
6 Month-27.24%
12 Month-28.5%
2 Year-11.21%
3 Year-39.7%
5 Year-3.66%
10 YearN/A
15 YearN/A
Volatility
ATR(14)9.64
ATR(20)%2.55%
ATR Inc2.11%
Range Today15.4
ADR(20)9.74
ADR(20)%2.26%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.76
Mansfield-2.82
10 Day High454.4
10 Day Low408.8
20 Day High460
20 Day Low408.8
52 Week High646.5
52 Week Low408.8
CS1 EndN/A
CR1 Start429
Volume & EV
DER(3)0.02%
DER(5)-2.04%
Volume98.69K
Volume Incr-13.4%
Vol(5)255.78K
Vol(50)274.62K