SHENANDOAH TELECOMMUNICATION (SHEN) Technical Analysis
NASDAQ:SHEN • US82312B1061
Current stock price
SHEN Technical Rating and Analysis
Taking everything into account, SHEN scores 9 out of 10 in our technical rating. 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 part of the Diversified Telecommunication Services industry. There are 37 other stocks in this industry. SHEN outperforms 77% of them.
- SHEN is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so SHEN is performing more or less in line with the market.
- Looking at the yearly performance, SHEN did better than 84% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
- In the last month SHEN has a been trading in the 12.53 - 15.92 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SHEN Weekly and Daily overview Charts
SHEN Setup Rating and Analysis
Besides having an excellent technical rating, SHEN also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 15.29. Right above this resistance zone may be a good entry point.
More info and screens
SHEN Support and Resistance Analysis
11.09
When analyzing the support we can see 3 important areas.
- A support zone ranging from 14.50 to 14.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 11.66 to 11.78. 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.
2 important resistance areas can be observed.
- Resistance @15.29 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 15.70 to 15.71. This zone is formed by a combination of multiple trend lines in the daily 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 | 84.58 | POSITIVE | SHEN has a high relative strength, it outperformed 84.58% 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) | 63.03 | 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) | 53.73 | NEUTRAL | The Stochastics value for SHEN is a neutral value. |
| Average True Range in percent/ATR (20) | 4.07 | MEDIUM VOLATILITY | The ATR as a percentage value for SHEN suggests some volalility. |
| Average Directional Index/ADX (14) | 38.8 | POSITIVE | The high ADX value value for SHEN suggests a strong trend. |
SHEN Chart- and CandleStick Pattern Analysis
SHEN Example Setup
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 |
|---|---|---|---|
| 15.30 | 14.49 | 0.81 (5.29%) | 18.89% |
| An entry @15.30. This is a Buy Stop order right above the resistance zone. | An exit @14.49. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.81 points, which is 5.29%. | When investing 18.89% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of SHEN. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
SHEN Technicals: Chart, Performance Metrics, Trend & Indicators
14.68
-0.07 (-0.47%)
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.
What is the RSI signal for SHENANDOAH TELECOMMUNICATION (SHEN) stock?
SHENANDOAH TELECOMMUNICATION (SHEN) has an RSI value of 63.0308. 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 14.67 and a resistance level at 15.29. Check the full technical report for our detailed analysis of SHEN support and resistance levels.