Modern Media Acquisition Corp. ($MMDMU) Takes On Salem Media Group, Inc. ($SALM)

2019-08-16 | Welcome! Today we compared how two different stocks in the Broadcasting industry are trading: Modern Media Acquisition Corp. and Salem Media Group, Inc.. While these two companies may have very different market capitalizations and balance sheets, they are worth comparing given how they are in the same sector. Below you’ll see how the different technical indicators differ between these two stocks, and we’ll also show what Trading View thinks of them based on the technical analysis. But before we get ahead of ourselves, please note that this is technical analysis only (ie. analyzing how these companies are trading, not digging into the company fundamentals), and therefore you should not rely only on this to guide you on whether you should buy or sell anything – take it with a grain of salt only, and pay attention to the disclaimer below. With that said, many traders find value in technical analysis and others even swear by it, so if that is you, I hope my analysis will be of use to you. Let’s get to it…

First things first: during its last day of trading, Modern Media Acquisition Corp. opened at 10.01, got to a maximum price of 10.01 and dropped to as low as 10.01 before finishing the session at 10.01. In total there were 250 shares traded, which is enough to conduct our analysis. Compare that now to Salem Media Group, Inc., which opened at 1.86, had a high of 1.87, a low of 1.65, closed at 1.67 and had a total volume of 143500.

VOLUME ANALYSIS: Generally, the higher the volume indicators are, the better – you need liquidity to trade, after all. All of the volume indicators are as follows… (click here for an explanation on volume)

Volume Indicator Modern Media Acquisition Corp. Salem Media Group, Inc.
Accumulation-distribution index nan 79.82667
on-balance volume nan 1.85
chaikin money flow

nan 43.0
force index

nan 0.0432
ease of movement rating

nan 0.0
volume-price trend

nan -0.37814
negative volume index

1000.0 1000.0

VOLATILITY ANALYSIS: Now to compare the volatility between these two companies… (click here for an explanation on volatility)

Volatility Indicator Modern Media Acquisition Corp. Salem Media Group, Inc.
Average true range nan 0.08091
Bolinger bands nan 1.93713
Upper bollinger band nan 1.51287
Lower bollinger band

10.01 1.65
Bollinger high band indicator

nan 1.0
Bollinger high low indicator

nan 1.0
Central keltner channel

10.01 1.79333
High band keltner channel

10.01 1.78333
Low band keltner channel

10.01 1.80333
High band keltner channel indicator

nan 1.0
Low band keltner channel indicator

nan 1.0
Donchain channel high band

10.01 1.65
Donchain channel low band

10.01 1.65
Donchain channel high band indicator

nan 1.0
Donchain channel low band indicator

nan 1.0

TREND ANALYSIS: Now for the most interesting and detailed part, the trend. Where is the stock actually going? Let’s compare the indicators… (click here for an explanation on trend)

Trend Indicator Modern Media Acquisition Corp. Salem Media Group, Inc.
Moving Average Convergence Divergence (MACD) trend_macd 0.00337
MACD signal nan 0.00187
MACD difference nan 0.0015
fast Exponential Moving Average (EMA) indicator

10.01 1.65
slow Exponential Moving Average (EMA) indicator

10.01 1.65
Average Directional Movement Index (ADX)

unknown unknown
ADX positive

unknown 20.0
ADX negative

unknown 20.0
positive Vortex Indicator (VI)

1.0 1.0
negative VI

1.0 1.0
trend vortex difference

nan 0.28672
trix

nan -19.51954
Mass Index (MI)

nan 1.0
Commodity Channel Index (CCI)

nan 66.66667
Detrended Price Oscillator (DPO)

nan 0.49269
KST Oscillator (KST)

nan -229.93886
KST Oscillator (KST Signal)

nan -229.93886
KST difference

nan 17.50139
Ichimoku rating

10.01 1.865
Ichimoku B rating

10.01 1.865
Ichimoku visual trend A

10.01 2.20549
Ichimoku visual trend B

10.01 2.16599
Aroon Indicator (AI)

4.0 4.0
AI indicator down

4.0 4.0
AI difference

nan 4.0

MOMENTUM ANALYSIS: What about momentum? Let’s dive into it… (click here for an explanation on momentum)

Momentum Indicator Modern Media Acquisition Corp. Salem Media Group, Inc.
Relative Strength Index (RSI) 50.0 50.0
Money Flow Index (MFI) 50.0 53.24198
True Strength Index (TSI) nan -100.0
ultimate oscillator

50.0 -80.67858
stochastic oscillator

50.0 2200.0
stochastic oscillator signal

50.0 2200.0
Williams %R rating

-50.0 2100.0
awesome oscillator

nan 0.01702

RETURNS: That’s all for technical analysis. Now let’s just list the returns for Modern Media Acquisition Corp. and Salem Media Group, Inc..

Daily return nan -22.99389
Daily log return nan 8.70114
Cumulative return nan 9.09091

So there you have it: our deep, grueling analysis comparing Modern Media Acquisition Corp. and Salem Media Group, Inc. together. But what does all of the above mean? Various technical indicators above are positive, while others are negative, and if we want to decide overall if the technical analysis indicates a bullish or bearish chart, we have to consider all of them together. That’s what the Trading View widget below can do, so let’s see what it says considering all these indicators. First, here’s Modern Media Acquisition Corp.:

The verdict above will consider all these technical indicators and consider which are strong and weak, and then put them all together to come up with a conclusion stating whether MMDMU is strong or weak. Again – this is not a reliable indication of whether Modern Media Acquisition Corp. is a good investment! None of these indicators consider the company fundamentals. All of this data is based on how it trades only. Now with that out of the way, let’s compare it with Salem Media Group, Inc.

So there you have it. We hope you have found this analysis useful, and if you see any errors or have any feedback, please comment below.

How can you profit off trading these 2 companies and other stocks like it? First, check out the Beat The Market Analyzer software – this is worth its weight in gold. Some other great services for earning income from trading and investing are Dividend Stocks (an outstanding resource for anyone interested in high dividend paying stocks), Microcap Millionaires (the best site online for profiting off micro-cap stocks) and Trading Code (an extremely powerful system for profiting off trading).

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling anything based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.

Abigale Lormen

Abigale is a Masters in Business Administration by education. After completing her post-graduation, Abigale jumped the journalism bandwagon as a freelance journalist. Soon after that she landed a job of reporter and has been climbing the news industry ladder ever since to reach the post of editor at amarketreportsjournal.
Abigale Lormen

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