SALMON EVOLUTION ASA (SALME.OL) Stock Technical Analysis
OSL:SALME - Euronext Oslo - NO0010892094 - Common Stock - Currency: NOK
Taking everything into account, SALME scores 0 out of 10 in our technical rating. SALME's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, SALME is a bad performer in the overall market: 77% of all stocks are doing better.
SALME is part of the Food Products industry. There are 56 other stocks in this industry, of which 67% are performing better than SALME.
SALME is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
In the last month SALME has a been trading in the 5.50 - 6.50 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, SALME does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
5.99
7.36
When analyzing the resistance we notice 5 important areas.
- Resistance @6.46 from a horizontal line in the daily time frame.
- Resistance @6.73 from a trend line in the weekly time frame.
- Resistance @6.86 from a trend line in the daily time frame.
- A resistance zone ranging from 7.03 to 7.03. 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.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.48
Mansfield-0.98
10 Day High6.29
10 Day Low5.5
20 Day High6.5
20 Day Low5.5
52 Week High8.25
52 Week Low5.5
Performance
1 Week0.67%
2 Weeks4.67%
1 Month-6.2%
3 Month-13.32%
6 Month-9.02%
12 Month-13.2%
2 Year-22.93%
3 Year-30.3%
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.05
RSI(14)49.85
LBB5.5
UBB6.25
OSL:SALME (4/25/2025, 7:00:00 PM)
6.05
-0.1 (-1.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg-1.63%
1 Week0.67%
2 Weeks4.67%
1 Month-6.2%
3 Month-13.32%
6 Month-9.02%
12 Month-13.2%
2 Year-22.93%
3 Year-30.3%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.22
ATR(20)%3.4%
ATR Inc-4.55%
Range Today0.26
ADR(20)0.18
ADR(20)%2.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.48
Mansfield-0.98
10 Day High6.29
10 Day Low5.5
20 Day High6.5
20 Day Low5.5
52 Week High8.25
52 Week Low5.5
CS1 EndN/A
CR1 Start6.46
Volume & EV
DER(3)0.32%
DER(5)0.26%
Volume344.91K
Volume Incr-42.47%
Vol(5)365.91K
Vol(50)580.93K