SalMar (SALM.OL)

Close: 542.00 (+2.50), Dec 23, 2024
Negative

Medium risk

chart SalMar (SALM) Candlesticks 22 Days
Candlesticks
chart SalMar (SALM) Short term
Short term: Negative
chart SalMar (SALM) Medium term
Medium term: Negative
chart SalMar (SALM) Long term
Long term: Weak Negative
chart SalMar (SALM)
RSI - Relative Strength Index
chart Insider Trades
Insider Trades

Short term

SalMar has broken down from an approximate horizontal trend channel in the short term. This signals a continued weak development, and the stock now meets resistance on possible reactions up towards the floor of the trend channel. The stock is between support at kroner 532 and resistance at kroner 548. A definitive break through of one of these levels predicts the new direction. The stock is assessed as technically negative for the short term.

Recommendation one to six weeks: Negative (Score: -60)

Medium term

SalMar shows weak development in a falling trend channel in the medium long term. This signals increasing pessimism among investors and indicates further decline for SalMar. The stock gave a negative signal from the rectangle formation by the break down through the support at 542. Further fall to 488 or lower is signaled. The stock is testing support at kroner 533. This could give a positive reaction, but a downward breakthrough of kroner 533 means a negative signal. Volume tops and volume bottoms correspond badly with tops and bottoms in the price. This confirms the trend. The stock is overall assessed as technically negative for the medium long term.

Recommendation one to six months: Negative (Score: -85)

Long term

SalMar has broken through the floor of a rising trend channel in the long term. This indicates a slower rising rate at first, or the start of a more horizontal development. The stock gave a negative signal from the head and shoulders formation by the break down through the support at 566. Further fall to 438 or lower is signaled. The stock has support at kroner 500 and resistance at kroner 676. The stock is overall assessed as technically slightly negative for the long term.

Recommendation one to six quarters: Weak Negative (Score: -40)


Overall analysis

SalMar is technically negative for the short, medium, as well as the long term. The stock is negative on Insider Trades.

Recommendation one to six months: Negative (Score: -90)

Period  
 Vol.bal. Volatility Liquidity +/- %
1 day-1.20%41.89+0.46%
5 days-79.134.24%132.44-6.71%
22 days-0.3111.08%118.35-5.08%
66 days-3.3821.58%101.71-1.19%
 


Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.


Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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