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.
90% of all other stocks performed better in the past year than SALM.
SALM is part of the Food Products industry. There are 59 other stocks in this industry, of which 84% are performing better than SALM.
SALM is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SALM is lagging the market.
SALM is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
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
449.25
600.95
We found 1 important support area.
- A support zone ranging from 453.79 to 456.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 7 important areas.
- A resistance zone ranging from 495.50 to 501.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @511.01 from a horizontal line in the daily time frame.
- Resistance @521.51 from a horizontal line in the weekly time frame.
- Resistance @531.00 from a horizontal line in the daily time frame.
- Resistance @540.00 from a horizontal line in the daily time frame.
- Resistance @554.72 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 | 10.74 | NEGATIVE | SALM.OL has a low relative strength, it was outperformed by 89.26% 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) | 37.42 | NEUTRAL | The RSI value for SALM.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -3.18 | NEGATIVE | The MACD value suggests SALM.OL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 17.15 | OVERSOLD | The low Stochastics value suggests SALM.OL may be oversold. |
| Average True Range in percent/ATR (20) | 2.99 | MEDIUM VOLATILITY | The ATR as a percentage value for SALM.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 20.46 | 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 (5/28/2025, 7:00:00 PM)
460.4
-7 (-1.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg-1.5%
1 Week-2.37%
2 Weeks-7.92%
1 Month-10.17%
3 Month-17.34%
6 Month-19.79%
12 Month-27.89%
2 Year-5.85%
3 Year-33.85%
5 Year5.31%
10 YearN/A
15 YearN/A
Volatility
ATR(14)13.77
ATR(20)%2.99%
ATR Inc-1.43%
Range Today14
ADR(20)12.08
ADR(20)%2.62%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.74
Mansfield-1.86
10 Day High519
10 Day Low450.6
20 Day High523.5
20 Day Low450.6
52 Week High646.5
52 Week Low428.4
CS1 End456.59
CR1 Start495.5
Volume & EV
DER(3)1.24%
DER(5)0.98%
Volume228.26K
Volume Incr29.29%
Vol(5)268.31K
Vol(50)193.56K