Salem Media Technical Analysis (NASDAQ:SALM)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The Salem Media stock price data and volume are plotted in SALM stock charts and these trading charts form the basis of technical analysis.
See Salem Media bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Salem Media stock analysis.
Salem Media Moving Average:
Moving averages show the average price of SALM stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. Moving averages can be used for SALM trend identification. A rising moving average shows that stock prices are generally increasing.
Salem Media Bollinger Bands:
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the SALM stock. Currently the stock price of $6.25 is in the upper range of Salem Media bollinger bands.
Salem Media Moving Average Convergence Divergence or MACD:
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Salem Media MACD line is below the signal line.
Salem Media Relative Strength Index:
The RSI is a valuable tool to determine overbought / oversold stocks and measures the recent performance of a stock in relation to its own stock price history. If the RSI of SALM stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .