SHENANDOAH TELECOMMUNICATION (SHEN) Stock Technical Analysis
USA - NASDAQ:SHEN - US82312B1061 - Common Stock
13.4 USD
-0.42 (-3.04%)
13.14 USD
-0.26 (-1.94%)
Overall SHEN gets a technical rating of 2 out of 10. SHEN performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
72% of all other stocks performed better in the past year than SHEN.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
SHEN is part of the Diversified Telecommunication Services industry. There are 36 other stocks in this industry, SHEN did better than 48% of them.
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.
In the last month SHEN has a been trading in the 13.02 - 14.47 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, SHEN does present a nice setup opportunity. Prices have been consolidating lately. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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.
More info and screens
11.63
15.33
3 important support areas can be observed.
- Support @12.91 from a trend line in the weekly time frame.
- Support @12.45 from a trend line in the daily time frame.
- A support zone ranging from 11.75 to 12.16. 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 13.45 to 13.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @14.22 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The short term trend for SHEN is neutral. |
| ChartMill Relative Strength | 28.56 | NEGATIVE | SHEN has a low relative strength, it was outperformed by 71.44% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SHEN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of SHEN is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of SHEN is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.06 | NEUTRAL | The RSI value for SHEN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests SHEN has a negative trend. |
| Stochastics (14,3) | 31.95 | NEUTRAL | The Stochastics value for SHEN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.19 | MEDIUM VOLATILITY | The ATR as a percentage value for SHEN suggests some volalility. |
| Average Directional Index/ADX (14) | 14.09 | 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)
13.4
-0.42 (-3.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryDiversified Telecommunication Services
Performance
% Chg-3.04%
1 Week0.83%
2 Weeks-2.69%
1 Month-1.69%
3 Month-9.34%
6 Month5.85%
12 Month4.93%
2 Year-43.36%
3 Year-40.86%
5 Year-69.28%
10 Year-42.72%
15 Year46.85%
Volatility
ATR(14)0.43
ATR(20)%3.19%
ATR Inc49.6%
Range Today0.56
ADR(20)0.42
ADR(20)%3.12%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.56
Mansfield-0.72
10 Day High13.92
10 Day Low13.02
20 Day High14.47
20 Day Low13.02
52 Week High16.28
52 Week Low9.77
CS1 End12.91
CR1 Start13.45
Volume & EV
DER(3)-2.29%
DER(5)0.15%
Volume259.48K
Volume Incr-35.75%
Vol(5)224.62K
Vol(50)330.66K