Salem Media Technical Analysis (NASDAQ:SALM)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The SALM stock chart pattern can give those who understand technical analysis an indication of which way SALM stock is headed, but cannot predict with 100% certainty as to what can happen to the Salem Media stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Salem Media. The technical analysis form of Salem Media stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Salem Media Moving Average
Moving averages help predict the price direction of SALM stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $4.13 is below the last closing price of $4.35 and the 50 day moving average of $3.76 is below the last closing price of $4.35. The 10 and 20 day periods can predict short term moving average trends.
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 $4.35 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 indicator can be used to identify bullish and bearish trends for the stock.
Salem Media Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. The relative strength index of SALM stock is 65.71.