SHENANDOAH TELECOMMUNICATION (SHEN) Stock Technical Analysis
NASDAQ:SHEN - Nasdaq - US82312B1061 - Common Stock - Currency: USD
Taking everything into account, SHEN scores 5 out of 10 in our technical rating. In the last year, SHEN was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
71% of all other stocks performed better in the past year than SHEN.
SHEN is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SHEN is lagging the market.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month SHEN has a been trading in the 10.93 - 12.73 range, which is quite wide. It is currently trading near the high of this range.
SHEN is part of the Diversified Telecommunication Services industry. There are 33 other stocks in this industry, SHEN did better than 40% 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 has an average technical rating and also the quality of the setup is only medium 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
10.92
16.35
When analyzing the support we can see 2 important areas.
- A support zone ranging from 12.14 to 12.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 11.03 to 11.14. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 3 important resistance areas.
- Resistance @13.08 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 13.49 to 13.63. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @16.19 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 SHEN is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SHEN is up. |
| ChartMill Relative Strength | 29.35 | NEGATIVE | SHEN has a low relative strength, it was outperformed by 70.65% 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) | DOWN | NEGATIVE | The current price of SHEN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.89 | NEUTRAL | The RSI value for SHEN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests SHEN has a positive trend. |
| Stochastics (14,3) | 91.08 | OVERBOUGHT | The high Stochastics value suggests SHEN may be overbought. |
| Average True Range in percent/ATR (20) | 4.44 | MEDIUM VOLATILITY | The ATR as a percentage value for SHEN suggests some volalility. |
| Average Directional Index/ADX (14) | 18.78 | NEGATIVE | The low ADX value for SHEN suggests a weak or negative 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)
12.58
+0.16 (+1.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryDiversified Telecommunication Services
Performance
% Chg1.29%
1 Week11.23%
2 Weeks7.52%
1 Month9.49%
3 Month16.37%
6 Month-5.63%
12 Month-33.12%
2 Year-33.72%
3 Year-45.21%
5 Year-76.09%
10 Year-19.95%
15 Year48.61%
Volatility
ATR(14)0.49
ATR(20)%4.44%
ATR Inc-27.77%
Range Today0.31
ADR(20)0.55
ADR(20)%4.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS29.35
Mansfield-1.22
10 Day High12.73
10 Day Low10.93
20 Day High12.73
20 Day Low10.93
52 Week High21.89
52 Week Low9.77
CS1 End12.57
CR1 Start13.08
Volume & EV
DER(3)0.94%
DER(5)2.63%
Volume421.00K
Volume Incr25.28%
Vol(5)385.32K
Vol(50)322.40K