SHENANDOAH TELECOMMUNICATION (SHEN) Stock Technical Analysis
USA - NASDAQ:SHEN - US82312B1061 - Common Stock
13.56 USD
-0.14 (-1.02%)
13.65 USD
+0.09 (+0.66%)
Taking everything into account, SHEN scores 3 out of 10 in our technical rating. SHEN performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
82% of all other stocks performed better in the past year than SHEN.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
SHEN is an average performer in the Diversified Telecommunication Services industry, it outperforms 41% of 35 stocks in the same industry.
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 12.42 - 14.31 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 and the volatility has been reduced. There is a support zone below the current price at 13.36, a Stop Loss order could be placed below this zone.
More info and screens
11.73
15.33
We found 4 important support areas.
- A support zone ranging from 13.12 to 13.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @12.58 from a trend line in the weekly time frame.
- A support zone ranging from 12.16 to 12.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 11.85 to 11.93. 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 13.71 to 13.74. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @14.63 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 | NEUTRAL | NEUTRAL | The long term trend for SHEN is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SHEN is neutral. |
| ChartMill Relative Strength | 18.16 | NEGATIVE | SHEN has a low relative strength, it was outperformed by 81.84% 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) | DOWN | NEGATIVE | The current price of SHEN is below a declining 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) | 53.79 | NEUTRAL | The RSI value for SHEN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests SHEN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 54.06 | NEUTRAL | The Stochastics value for SHEN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.21 | MEDIUM VOLATILITY | The ATR as a percentage value for SHEN suggests some volalility. |
| Average Directional Index/ADX (14) | 18.48 | 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)
13.56
-0.14 (-1.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryDiversified Telecommunication Services
Performance
% Chg-1.02%
1 Week0.82%
2 Weeks2.34%
1 Month7.7%
3 Month-2.02%
6 Month10.42%
12 Month-13.3%
2 Year-34.21%
3 Year-20.33%
5 Year-69.48%
10 Year-36.65%
15 Year49.26%
Volatility
ATR(14)0.48
ATR(20)%3.21%
ATR Inc-16.2%
Range Today0.29
ADR(20)0.42
ADR(20)%3.13%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.16
Mansfield-0.55
10 Day High14.31
10 Day Low12.67
20 Day High14.31
20 Day Low12.42
52 Week High16.89
52 Week Low9.77
CS1 End13.36
CR1 Start13.71
Volume & EV
DER(3)-1.08%
DER(5)0.63%
Volume269.40K
Volume Incr6.77%
Vol(5)356.76K
Vol(50)329.75K