KYG837451023 - Common Stock
We assign a technical rating of 6 out of 10 to SHAP. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, SHAP is a bad performer.
SHAP has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 10.36. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.32, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
Given the decent technical rating and the setup score, we can suggest the following trade.
|An entry @10.37. This is a Buy Stop order right above the resistance zone.||An exit @10.24. This is a Stop Loss order right below the 10 day low.||The trade has a worst case loss of 0.13 points, which is 1.25%.||For a 0.31% total portfolio risk, you can invest 25.00% of your capital in this trade.|
NYSE:SHAP (1/31/2023, 7:04:01 PM)0 (0%)
|2 Weeks||0.88%||1 Month||1.27%|
|3 Month||2.27%||6 Month||3.5%|
|ATR Inc||-41.67%||Range Today||0.02|
|ST Trend||LT Trend|
|10 Day High||10.36||10 Day Low||10.25|
|20 Day High||10.36||20 Day Low||10.21|
|52 Week High||10.41||52 Week Low||9.83|
|CS1 End||10.32||CR1 Start||10.36|
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