Taking everything into account, SHEN scores 1 out of 10 in our technical rating. SHEN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, SHEN is a bad performer in the overall market: 69% of all stocks are doing better.
- SHEN is one of the lesser performing stocks in the Diversified Telecommunication Services industry. 60% of 36 stocks in the same industry do better.
- SHEN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month SHEN has a been trading in the 10.80 - 11.88 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
SHEN has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
11.18
We can see 3 important resistance areas.
- A resistance zone ranging from 11.35 to 11.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 11.73 to 11.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @12.26 from a trend 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 | DOWN | NEGATIVE | The long term trend for SHEN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SHEN is down. |
| ChartMill Relative Strength | 31.06 | NEUTRAL | SHEN is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of SHEN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SHEN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.49 | NEUTRAL | The RSI value for SHEN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests SHEN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 31.79 | NEUTRAL | The Stochastics value for SHEN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.09 | MEDIUM VOLATILITY | The ATR as a percentage value for SHEN suggests some volalility. |
| Average Directional Index/ADX (14) | 16.03 | NEGATIVE | The low ADX value for SHEN suggests a weak or negative trend. |
11.29
+0.25 (+2.26%)
SHENANDOAH TELECOMMUNICATION / SHEN FAQ
What is the ChartMill technical rating of SHENANDOAH TELECOMMUNICATION (SHEN) stock?
ChartMill assigns a technical rating of 1 / 10 to SHEN.
Can you provide the trend direction for SHENANDOAH TELECOMMUNICATION?
The current trend direction for SHENANDOAH TELECOMMUNICATION (SHEN) is Bearish.
What is the RSI signal for SHENANDOAH TELECOMMUNICATION (SHEN) stock?
SHENANDOAH TELECOMMUNICATION (SHEN) has an RSI value of 47.4902. 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 sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for SHENANDOAH TELECOMMUNICATION?
SHENANDOAH TELECOMMUNICATION (SHEN) has a resistance level at 11.35. Check the full technical report for our detailed analysis of SHEN support and resistance levels.