SALMON EVOLUTION ASA (SALME.OL) Stock Technical Analysis
OSL:SALME - NO0010892094 - Common Stock
5.16 NOK
+0.06 (+1.18%)
We assign a technical rating of 0 out of 10 to SALME. SALME'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 SALME.
SALME is one of the lesser performing stocks in the Food Products industry. 75% of 59 stocks in the same industry do better.
SALME is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
SALME 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.
Although the technical rating is bad, SALME does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 5.33. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 5.04, a Stop Loss order could be placed below this zone.
More info and screens
4.99
7.36
When analyzing the support we notice one important area.
- Support @5.04 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 8 important areas.
- A resistance zone ranging from 5.33 to 5.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 5.63 to 5.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @6.03 from a horizontal line in the daily time frame.
- A resistance zone ranging from 6.14 to 6.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @6.45 from a horizontal line in the daily time frame.
- Resistance @6.82 from a trend line in the weekly time frame.
- Resistance @7.03 from a horizontal line in the weekly time frame.
- Resistance @7.29 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 | DOWN | NEGATIVE | The long term trend for SALME.OL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SALME.OL is down. |
| ChartMill Relative Strength | 11.66 | NEGATIVE | SALME.OL has a low relative strength, it was outperformed by 88.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SALME.OL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SALME.OL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SALME.OL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 39.76 | NEUTRAL | The RSI value for SALME.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests SALME.OL has a positive trend. |
| Stochastics (14,3) | 49.61 | NEUTRAL | The Stochastics value for SALME.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.2 | MEDIUM VOLATILITY | The ATR as a percentage value for SALME.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 43.63 | POSITIVE | The high ADX value value for SALME.OL suggests a strong 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:SALME (9/5/2025, 7:00:00 PM)
5.16
+0.06 (+1.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg1.18%
1 Week-2.27%
2 Weeks-3.01%
1 Month-4.8%
3 Month-16.91%
6 Month-17.44%
12 Month-18.87%
2 Year-16.91%
3 Year-35.18%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%3.2%
ATR Inc-34.12%
Range Today0.1
ADR(20)0.16
ADR(20)%3.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.66
Mansfield-2.57
10 Day High5.4
10 Day Low5.07
20 Day High5.5
20 Day Low4.81
52 Week High7.15
52 Week Low4.81
CS1 End5.04
CR1 Start5.33
Volume & EV
DER(3)0.47%
DER(5)-0.02%
Volume518.59K
Volume Incr-52.68%
Vol(5)615.15K
Vol(50)852.54K