SHENANDOAH TELECOMMUNICATION (SHEN) Stock Technical Analysis
NASDAQ:SHEN - Nasdaq - US82312B1061 - Common Stock - Currency: USD
Overall SHEN gets a technical rating of 7 out of 10. Although SHEN is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
66% of all other stocks performed better in the past year than SHEN.
SHEN is part of the Diversified Telecommunication Services industry. There are 32 other stocks in this industry, of which 61% are performing better than SHEN.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month SHEN has a been trading in the 12.90 - 14.59 range, which is quite wide. It is currently trading near the high of this range.
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.
SHEN has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 13.67, a Stop Loss order could be placed below this zone.
More info and screens
11.16
15.83
When analyzing the support we can see 4 important areas.
- A support zone ranging from 13.92 to 14.01. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 13.65 to 13.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @11.48 from a trend line in the weekly time frame.
- Support @11.27 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 14.43 to 14.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @15.67 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 | 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 | 34.66 | NEUTRAL | SHEN is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of SHEN is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 64.04 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 79.47 | NEUTRAL | The Stochastics value for SHEN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.33 | MEDIUM VOLATILITY | The ATR as a percentage value for SHEN suggests some volalility. |
| Average Directional Index/ADX (14) | 23.83 | NEUTRAL | The ADX value for SHEN suggests a possible start of a new 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)
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 |
|---|---|---|---|
| 14.32 | 13.63 | 0.69 (4.82%) | 20.75% |
| An entry @14.32. This is a Buy Stop order right above the resistance zone. | An exit @13.63. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.69 points, which is 4.82%. | When investing 20.75% 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.
14.42
+0.12 (+0.84%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryDiversified Telecommunication Services
Performance
% Chg0.84%
1 Week2.78%
2 Weeks1.91%
1 Month12.13%
3 Month16.76%
6 Month15.73%
12 Month-12.92%
2 Year-22.76%
3 Year-35.34%
5 Year-71.31%
10 Year-16.11%
15 Year48.05%
Volatility
ATR(14)0.53
ATR(20)%3.33%
ATR Inc-32.04%
Range Today0.26
ADR(20)0.46
ADR(20)%3.19%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS34.66
Mansfield-0.23
10 Day High14.59
10 Day Low13.22
20 Day High14.59
20 Day Low12.9
52 Week High21.89
52 Week Low9.77
CS1 End13.67
CR1 Start13.92
Volume & EV
DER(3)0.1%
DER(5)-0.83%
Volume145.00K
Volume Incr-0.48%
Vol(5)297.86K
Vol(50)299.74K