SHENANDOAH TELECOMMUNICATION (SHEN) Stock Technical Analysis
NASDAQ:SHEN • US82312B1061
We assign a technical rating of 9 out of 10 to SHEN. In the last year, SHEN was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that SHEN is one of the better performing stocks in the market, outperforming 82% of all stocks.
- SHEN is part of the Diversified Telecommunication Services industry. There are 37 other stocks in this industry. SHEN outperforms 72% of them.
- In the last month SHEN has a been trading in the 11.23 - 14.38 range, which is quite wide. It is currently trading near the high of this range.
- SHEN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SHEN is lagging the market.
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
11.09
When analyzing the support we can see 2 important areas.
- A support zone ranging from 11.51 to 11.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @11.20 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- Resistance @13.97 from a horizontal line in the daily time frame.
- Resistance @14.85 from a trend line in the weekly time frame.
- Resistance @15.18 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 SHEN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SHEN is up. |
| ChartMill Relative Strength | 82.32 | POSITIVE | SHEN has a high relative strength, it outperformed 82.32% 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) | 69.86 | NEUTRAL | The RSI value for SHEN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests SHEN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.74 | OVERBOUGHT | The high Stochastics value suggests SHEN may be overbought. |
| Average True Range in percent/ATR (20) | 3.34 | MEDIUM VOLATILITY | The ATR as a percentage value for SHEN suggests some volalility. |
| Average Directional Index/ADX (14) | 30.3 | POSITIVE | The high ADX value value for SHEN suggests a strong trend. |
13.63
-0.33 (-2.36%)
SHENANDOAH TELECOMMUNICATION / SHEN 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.
What is the RSI signal for SHENANDOAH TELECOMMUNICATION (SHEN) stock?
SHENANDOAH TELECOMMUNICATION (SHEN) has an RSI value of 69.8561. This indicates that the stock is currently neutral.
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.
Can you provide the support and resistance levels for SHENANDOAH TELECOMMUNICATION?
SHENANDOAH TELECOMMUNICATION (SHEN) has a support level at 11.54 and a resistance level at 13.97. Check the full technical report for our detailed analysis of SHEN support and resistance levels.