SALMON EVOLUTION ASA (SALME.OL) Stock Technical Analysis
OSL:SALME - Euronext Oslo - NO0010892094 - Common Stock - Currency: NOK
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.
79% 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. 72% of 59 stocks in the same industry do better.
SALME is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SALME is lagging the market.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month SALME has a been trading in the 5.86 - 6.64 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 has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 6.22, a Stop Loss order could be placed below this zone.
More info and screens
6.05
7.36
We found 1 important support area.
- A support zone ranging from 6.11 to 6.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @6.58 from a trend line in the weekly time frame.
- A resistance zone ranging from 7.03 to 7.10. 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 | 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 | 21.22 | NEGATIVE | SALME.OL has a low relative strength, it was outperformed by 78.78% 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) | 53.32 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 68.8 | NEUTRAL | The Stochastics value for SALME.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.65 | MEDIUM VOLATILITY | The ATR as a percentage value for SALME.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 16.35 | 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 (5/30/2025, 7:00:00 PM)
6.22
-0.12 (-1.89%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg-1.89%
1 Week3.64%
2 Weeks0.97%
1 Month3.13%
3 Month-2.03%
6 Month-6.29%
12 Month-22.81%
2 Year-13.3%
3 Year-28.46%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.18
ATR(20)%2.65%
ATR Inc10.53%
Range Today0.18
ADR(20)0.15
ADR(20)%2.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.22
Mansfield-0.99
10 Day High6.64
10 Day Low6.01
20 Day High6.64
20 Day Low5.86
52 Week High8.22
52 Week Low5.5
CS1 End6.22
CR1 Start6.58
Volume & EV
DER(3)2.94%
DER(5)1.69%
Volume719.32K
Volume Incr29.63%
Vol(5)641.74K
Vol(50)558.88K