SALMAR ASA (SALM.OL) Stock Technical Analysis
Europe - Euronext Oslo - OSL:SALM - NO0010310956 - Common Stock
Taking everything into account, SALM scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, SALM is only an average performer.
Although SALM has an excellent technical rating, the quality of the presented setup is not ideal 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.
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552.91
We found 2 important support areas.
- A support zone ranging from 568.49 to 616.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 558.49 to 558.50. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 622.00 to 622.01. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @634.50 from a horizontal line in the weekly 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 | UP | POSITIVE | The long term trend for SALM.OL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SALM.OL is up. |
| ChartMill Relative Strength | 61.53 | NEUTRAL | SALM.OL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SALM.OL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SALM.OL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SALM.OL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.84 | NEUTRAL | The RSI value for SALM.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.87 | POSITIVE | The MACD value suggests SALM.OL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.1 | OVERBOUGHT | The high Stochastics value suggests SALM.OL may be overbought. |
| Average True Range in percent/ATR (20) | 1.73 | LOW VOLATILITY | The low ATR as a percentage value for SALM.OL suggests low volalility. |
| Average Directional Index/ADX (14) | 24.48 | NEUTRAL | The ADX value for SALM.OL suggests a possible start of a new trend. |
OSL:SALM (12/17/2025, 2:14:42 PM)
619.5
+12.5 (+2.06%)
SALMAR ASA / SALM.OL FAQ
Can you provide the ChartMill technical rating for SALMAR ASA?
ChartMill assigns a technical rating of 8 / 10 to SALM.OL.
What is the current trend direction of SALMAR ASA (SALM.OL) stock?
The current trend direction for SALMAR ASA (SALM.OL) is Bullish.
Can you provide the RSI signal for SALMAR ASA?
SALMAR ASA (SALM.OL) has an RSI value of 60.8365. This indicates that the stock is currently neutral.
What is the MACD signal for SALM stock?
The MACD indicator for SALMAR ASA (SALM.OL) has a value of 0.868663, indicating a bearish trend.
What is the short term momentum for SALM stock?
The short term momentum for SALMAR ASA (SALM.OL) is positive.