SALMON EVOLUTION ASA (SALME.OL) Stock Technical Analysis
OSL:SALME - Euronext Oslo - NO0010892094 - Common Stock - Currency: NOK
Taking everything into account, SALME scores 2 out of 10 in our technical rating. In the past year, SALME was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, SALME is a bad performer in the overall market: 77% of all stocks are doing better.
SALME is part of the Food Products industry. There are 58 other stocks in this industry, of which 70% are performing better than SALME.
In the last month SALME has a been trading in the 5.96 - 6.33 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
SALME is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SALME is lagging the market.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, SALME does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 6.03, a Stop Loss order could be placed below this zone.
More info and screens
5.91
7.36
When analyzing the support we notice one important area.
- A support zone ranging from 5.97 to 6.11. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
6 important resistance areas can be observed.
- A resistance zone ranging from 6.14 to 6.23. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- A resistance zone ranging from 6.43 to 6.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 6.60 to 6.63. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @6.90 from a trend line in the weekly time frame.
- A resistance zone ranging from 7.03 to 7.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | NEUTRAL | NEUTRAL | The short term trend for SALME.OL is neutral. |
| ChartMill Relative Strength | 23.85 | NEGATIVE | SALME.OL has a low relative strength, it was outperformed by 76.15% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SALME.OL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SALME.OL is above the rising 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) | 51.35 | NEUTRAL | The RSI value for SALME.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests SALME.OL has a positive trend. |
| Stochastics (14,3) | 40.22 | NEUTRAL | The Stochastics value for SALME.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 1.76 | LOW VOLATILITY | The low ATR as a percentage value for SALME.OL suggests low volalility. |
| Average Directional Index/ADX (14) | 11.07 | NEGATIVE | The low ADX value for SALME.OL suggests a weak or negative 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 (7/2/2025, 3:03:22 PM)
6.13
+0.02 (+0.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg0.33%
1 Week2%
2 Weeks1.5%
1 Month1.16%
3 Month5.34%
6 Month-8.81%
12 Month-15.84%
2 Year-9.35%
3 Year-30.96%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%1.76%
ATR Inc9.52%
Range Today0.08
ADR(20)0.1
ADR(20)%1.65%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.85
Mansfield-1.31
10 Day High6.26
10 Day Low5.96
20 Day High6.33
20 Day Low5.96
52 Week High7.68
52 Week Low5.5
CS1 End6.03
CR1 Start6.09
Volume & EV
DER(3)-1.52%
DER(5)-0.74%
Volume33.95K
Volume Incr-53.73%
Vol(5)270.80K
Vol(50)491.58K