SALMAR ASA (SALM.OL) Stock Technical Analysis
OSL:SALM - Euronext Oslo - NO0010310956 - Common Stock - Currency: NOK
Taking everything into account, SALM scores 0 out of 10 in our technical rating. SALM's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
89% of all other stocks performed better in the past year than SALM.
SALM is part of the Food Products industry. There are 57 other stocks in this industry, of which 92% are performing better than SALM.
SALM is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so SALM is lagging the market.
In the last month SALM has a been trading in the 439.20 - 493.80 range, which is quite wide. It is currently trading near the lows of this range.
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
431.05
600.95
6 important resistance areas can be observed.
- A resistance zone ranging from 444.39 to 448.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 458.44 to 462.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 474.61 to 483.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @531.00 from a horizontal line in the daily time frame.
- A resistance zone ranging from 540.00 to 546.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | 11.02 | NEGATIVE | SALM.OL has a low relative strength, it was outperformed by 88.98% 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) | 39.56 | NEUTRAL | The RSI value for SALM.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.68 | POSITIVE | The MACD value suggests SALM.OL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 36.47 | NEUTRAL | The Stochastics value for SALM.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.91 | MEDIUM VOLATILITY | The ATR as a percentage value for SALM.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 20.8 | 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 (6/19/2025, 4:26:15 PM)
435.4
-12.8 (-2.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg-2.86%
1 Week-4.03%
2 Weeks0.86%
1 Month-12.03%
3 Month-16.38%
6 Month-16.92%
12 Month-25.61%
2 Year3.53%
3 Year-35.28%
5 Year-2.37%
10 YearN/A
15 YearN/A
Volatility
ATR(14)11.57
ATR(20)%2.91%
ATR Inc16.52%
Range Today9.8
ADR(20)11.63
ADR(20)%2.67%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.02
Mansfield-2.13
10 Day High475
10 Day Low439.2
20 Day High493.8
20 Day Low439.2
52 Week High646.5
52 Week Low428.4
CS1 End448.19
CR1 Start458.44
Volume & EV
DER(3)0.41%
DER(5)-0.52%
Volume207.63K
Volume Incr4%
Vol(5)309.61K
Vol(50)235.74K