SHENANDOAH TELECOMMUNICATION (SHEN) Technical Analysis
NASDAQ:SHEN • US82312B1061
Current stock price
SHEN Technical Rating and Analysis
We assign a technical rating of 9 out of 10 to SHEN. Both in the recent history as in the last year, SHEN has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- SHEN is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month SHEN has a been trading in the 14.29 - 17.34 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the yearly performance of all stocks, we notice that SHEN is one of the better performing stocks in the market, outperforming 87% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- SHEN is part of the Diversified Telecommunication Services industry. There are 37 other stocks in this industry, SHEN did better than 69% of them.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
SHEN Weekly and Daily overview Charts
SHEN Setup Rating and Analysis
Although SHEN has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
SHEN Support and Resistance Analysis
12.00
When analyzing the support we can see 4 important areas.
- Support @15.12 from a trend line in the daily time frame.
- A support zone ranging from 14.42 to 14.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @12.42 from a trend line in the daily time frame.
- Support @12.12 from a trend line in the weekly time frame.
SHEN Technical Indicator Signal Analysis
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 SHEN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SHEN is up. |
| ChartMill Relative Strength | 87.61 | POSITIVE | SHEN has a high relative strength, it outperformed 87.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SHEN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SHEN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SHEN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 73.9 | OVERBOUGHT | The high RSI value suggests SHEN may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests SHEN has a positive trend. |
| Stochastics (14,3) | 90.16 | OVERBOUGHT | The high Stochastics value suggests SHEN may be overbought. |
| Average True Range in percent/ATR (20) | 3 | MEDIUM VOLATILITY | The ATR as a percentage value for SHEN suggests some volalility. |
| Average Directional Index/ADX (14) | 25.94 | POSITIVE | The high ADX value value for SHEN suggests a strong trend. |
SHEN Chart- and CandleStick Pattern Analysis
SHEN Technicals: Chart, Performance Metrics, Trend & Indicators
16.85
-0.06 (-0.35%)
SHENANDOAH TELECOMMUNICATION / SHEN TA FAQ
What is the ChartMill technical rating of SHENANDOAH TELECOMMUNICATION (SHEN) stock?
ChartMill assigns a technical rating of 9 / 10 to SHEN.
Can you provide the trend direction for SHENANDOAH TELECOMMUNICATION?
The current trend direction for SHENANDOAH TELECOMMUNICATION (SHEN) is Bullish.
Can you provide the RSI signal for SHENANDOAH TELECOMMUNICATION?
SHENANDOAH TELECOMMUNICATION (SHEN) has an RSI value of 73.8993. This indicates that the stock is currently overbought.
Can you provide the short term momentum for SHENANDOAH TELECOMMUNICATION?
The short term momentum for SHENANDOAH TELECOMMUNICATION (SHEN) is positive.
What is the buy/sell signal for SHEN stock?
The buy/sell signal for SHENANDOAH TELECOMMUNICATION (SHEN) is buy as both the short term and long term trends are positive.