SALEM MEDIA GROUP INC (SALM) Technical Analysis
NASDAQ:SALM • US7940931048
Current stock price
SALM Technical Rating and Analysis
Taking everything into account, SALM scores 0 out of 10 in our technical rating. 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: 98% of all stocks are doing better.
- SALM is one of the lesser performing stocks in the Media industry. 82% of 91 stocks in the same industry do better.
- 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 0.26 - 0.65 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
SALM Weekly and Daily overview Charts
SALM Setup Rating and Analysis
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
SALM Support and Resistance Analysis
0.26
When analyzing the resistance we notice 3 important areas.
- Resistance @0.46 from a trend line in the daily time frame.
- Resistance @0.47 from a trend line in the weekly time frame.
- A resistance zone ranging from 0.49 to 0.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
SALM 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 | DOWN | NEGATIVE | The long term trend for SALM is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SALM is down. |
| ChartMill Relative Strength | 2.16 | NEGATIVE | SALM has a low relative strength, it was outperformed by 97.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SALM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SALM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SALM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 19.19 | OVERSOLD | The low RSI value suggests SALM may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests SALM has a negative trend. |
| Stochastics (14,3) | 4.01 | OVERSOLD | The low Stochastics value suggests SALM may be oversold. |
| Average True Range in percent/ATR (20) | 23.09 | HIGH VOLATILITY | The high ATR as a percentage value for SALM suggests high volalility. |
| Average Directional Index/ADX (14) | 28.44 | POSITIVE | The high ADX value value for SALM suggests a strong trend. |
SALM Chart- and CandleStick Pattern Analysis
SALM Technicals: Chart, Performance Metrics, Trend & Indicators
0.2609
-0.04 (-13.06%)
SALEM MEDIA GROUP INC / SALM TA FAQ
Can you provide the ChartMill technical rating for SALEM MEDIA GROUP INC?
ChartMill assigns a technical rating of 0 / 10 to SALM.
Can you provide the trend direction for SALEM MEDIA GROUP INC?
The current trend direction for SALEM MEDIA GROUP INC (SALM) is Bearish.
What is the RSI signal for SALM stock?
SALEM MEDIA GROUP INC (SALM) has an RSI value of 19.1906. This indicates that the stock is currently oversold.
What is the short term momentum for SALEM MEDIA GROUP INC (SALM) stock?
The short term momentum for SALEM MEDIA GROUP INC (SALM) is negative.
Can you provide the support and resistance levels for SALEM MEDIA GROUP INC?
SALEM MEDIA GROUP INC (SALM) has a resistance level at 0.46. Check the full technical report for our detailed analysis of SALM support and resistance levels.