Shaftesbury plc (SHB.L) Stock Technical Analysis
Europe - London Exchange - LON:SHB - GB0007990962 - REIT
Taking everything into account, SHB scores 6 out of 10 in our technical rating. SHB has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
SHB has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 419.21. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 416.45, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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When analyzing the support we can see 3 important areas.
- A support zone ranging from 410.99 to 416.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 393.33 to 402.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 363.64 to 366.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 419.21 to 419.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @427.41 from a horizontal line in the daily time frame.
- Resistance @539.20 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for SHB.L is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SHB.L is neutral. |
| ChartMill Relative Strength | 45.75 | NEUTRAL | SHB.L is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SHB.L is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SHB.L is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SHB.L is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.02 | NEUTRAL | The RSI value for SHB.L is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.75 | NEGATIVE | The MACD value suggests SHB.L has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 45.92 | NEUTRAL | The Stochastics value for SHB.L is a neutral value. |
| Average True Range in percent/ATR (20) | 2.68 | MEDIUM VOLATILITY | The ATR as a percentage value for SHB.L suggests some volalility. |
| Average Directional Index/ADX (14) | 22.68 | NEUTRAL | The ADX value for SHB.L suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 419.61 | 410.98 | 8.63 (2.06%) | 25.00% |
| An entry @419.61. This is a Buy Stop order right above the resistance zone. | An exit @410.98. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 8.63 points, which is 2.06%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.51%. |
- The distance between exit and entry is rather small compared to the average daily movement of SHB. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
LON:SHB (3/3/2023, 5:29:52 PM)
419.2
+3.8 (+0.91%)
Shaftesbury plc / SHB.L FAQ
What is the technical rating for SHB stock?
ChartMill assigns a technical rating of 6 / 10 to SHB.L.
What is the trend direction for SHB stock?
The current trend direction for Shaftesbury plc (SHB.L) is Bearish.
Can you provide the RSI signal for Shaftesbury plc?
Shaftesbury plc (SHB.L) has an RSI value of 57.0218. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for Shaftesbury plc?
Shaftesbury plc (SHB.L) has a support level at 416.45 and a resistance level at 419.21. Check the full technical report for our detailed analysis of SHB.L support and resistance levels.