NASDAQ:SHEN - Nasdaq - US82312B1061 - Common Stock - Currency: USD
Taking everything into account, SHEN scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, SHEN is a bad performer.
Besides having an excellent technical rating, SHEN also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 15.13, a Stop Loss order could be placed below this zone.
11.27
4 important support areas can be observed.
We found 1 important resistance area.
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 | 23.44 | NEGATIVE | SHEN has a low relative strength, it was outperformed by 76.56% 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) | 59.82 | NEUTRAL | The RSI value for SHEN is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests SHEN has a positive trend, although the MACD value is declining. |
Stochastics (14,3) | 73.17 | NEUTRAL | The Stochastics value for SHEN is a neutral value. |
Average True Range in percent/ATR (20) | 3.51 | MEDIUM VOLATILITY | The ATR as a percentage value for SHEN suggests some volalility. |
Average Directional Index/ADX (14) | 32.14 | POSITIVE | The high ADX value value for SHEN suggests a strong trend. |
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 |
---|---|---|---|
15.72 | 15.02 | 0.70 (4.45%) | 22.46% |
An entry @15.72. This is a Buy Stop order right above the resistance zone. | An exit @15.02. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.70 points, which is 4.45%. | For a 1.00% total portfolio risk, you can invest 22.46% of your capital in this trade. |
15.17
-0.23 (-1.49%)