SALMON EVOLUTION ASA (SALME.OL) Technical Analysis
OSL:SALME • NO0010892094
Current stock price
SALME.OL Technical Rating and Analysis
We assign a technical rating of 4 out of 10 to SALME. Recently some decent action could be observed, but in the medium term time frame this is still negative. SALME was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, SALME is a bad performer in the overall market: 83% of all stocks are doing 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.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- SALME is an average performer in the Food Products industry, it outperforms 42% of 62 stocks in the same industry.
- In the last month SALME has a been trading in the 4.40 - 5.25 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SALME.OL Weekly and Daily overview Charts
SALME.OL Setup Rating and Analysis
SALME has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 4.90, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
SALME.OL Support and Resistance Analysis
4.25
We found 2 important support areas.
- A support zone ranging from 4.84 to 4.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @4.29 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 5.11 to 5.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Strong resistance @5.32 from a horizontal line in the daily time frame.
SALME.OL 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 | NEUTRAL | NEUTRAL | The long term trend for SALME.OL is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SALME.OL is up. |
| ChartMill Relative Strength | 17.39 | NEGATIVE | SALME.OL has a low relative strength, it was outperformed by 82.61% 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) | 54.93 | NEUTRAL | The RSI value for SALME.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests SALME.OL has a negative trend. |
| Stochastics (14,3) | 47.69 | NEUTRAL | The Stochastics value for SALME.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.92 | MEDIUM VOLATILITY | The ATR as a percentage value for SALME.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 16.23 | NEGATIVE | The low ADX value for SALME.OL suggests a weak or negative trend. |
SALME.OL Chart- and CandleStick Pattern Analysis
SALME.OL Technicals: Chart, Performance Metrics, Trend & Indicators
OSL:SALME (4/21/2026, 3:59:34 PM)
4.91
+0.02 (+0.31%)
SALMON EVOLUTION ASA / SALME.OL TA FAQ
What is the technical rating for SALME stock?
ChartMill assigns a technical rating of 4 / 10 to SALME.OL.
What is the current trend direction of SALMON EVOLUTION ASA (SALME.OL) stock?
The current trend direction for SALMON EVOLUTION ASA (SALME.OL) is Bearish.
What is the RSI signal for SALME stock?
SALMON EVOLUTION ASA (SALME.OL) has an RSI value of 54.93. This indicates that the stock is currently neutral.
What is the MACD signal for SALME stock?
The MACD indicator for SALMON EVOLUTION ASA (SALME.OL) has a value of -0.00685432, indicating a bearish trend.
Can you provide the support and resistance levels for SALMON EVOLUTION ASA?
SALMON EVOLUTION ASA (SALME.OL) has a support level at 4.9 and a resistance level at 5.11. Check the full technical report for our detailed analysis of SALME.OL support and resistance levels.