SOTERA HEALTH CO (SHC) Stock Technical Analysis
NASDAQ:SHC - US83601L1026 - Common Stock
15.81 USD
+0.19 (+1.22%)
15.81 USD
0 (0%)
Overall SHC gets a technical rating of 8 out of 10. Although SHC is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
SHC is one of the better performing stocks in the Life Sciences Tools & Services industry, it outperforms 79% of 55 stocks in the same industry.
SHC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SHC is lagging the market slightly.
SHC is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
SHC has an average volume of 1577050 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, SHC did better than 75% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
Besides having an excellent technical rating, SHC also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 16.43. Right above this resistance zone may be a good entry point.
More info and screens
10.83
17.02
When analyzing the support we can see 3 important areas.
- A support zone ranging from 15.49 to 15.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 11.40 to 11.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @10.94 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 16.43 to 16.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @16.85 from a horizontal 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 | UP | POSITIVE | The long term trend for SHC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SHC is up. |
| ChartMill Relative Strength | 75.26 | POSITIVE | SHC has a high relative strength, it outperformed 75.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SHC is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SHC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SHC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.24 | NEUTRAL | The RSI value for SHC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests SHC has a negative trend. |
| Stochastics (14,3) | 31.61 | NEUTRAL | The Stochastics value for SHC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.01 | MEDIUM VOLATILITY | The ATR as a percentage value for SHC suggests some volalility. |
| Average Directional Index/ADX (14) | 38.19 | POSITIVE | The high ADX value value for SHC suggests a strong trend. |
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)
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 |
|---|---|---|---|
| 16.51 | 15.48 | 1.03 (6.24%) | 16.03% |
| An entry @16.51. This is a Buy Stop order right above the resistance zone. | An exit @15.48. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.03 points, which is 6.24%. | For a 1.00% total portfolio risk, you can invest 16.03% of your capital in this trade. |
- 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.
15.81
+0.19 (+1.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryLife Sciences Tools & Services
Performance
% Chg1.22%
1 Week-3.79%
2 Weeks-4.14%
1 Month12.74%
3 Month37.8%
6 Month35.89%
12 Month-6.25%
2 Year5.14%
3 Year130.94%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.47
ATR(20)%3.01%
ATR Inc3.62%
Range Today0.44
ADR(20)0.45
ADR(20)%2.82%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.26
Mansfield0.82
10 Day High16.51
10 Day Low15.2
20 Day High16.55
20 Day Low13.86
52 Week High16.99
52 Week Low9.53
CS1 End15.61
CR1 Start16.43
Volume & EV
DER(3)0.2%
DER(5)0.05%
Volume2.07M
Volume Incr104.18%
Vol(5)3.61M
Vol(50)1.58M