NORTHERN LIGHTS ACQUIS -CW22 (SHFSW) Stock Technical Analysis
NASDAQ:SHFSW
We assign a technical rating of 6 out of 10 to SHFSW. In the last year, SHFSW was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- Warning: SHFSW has an average volume of 12744 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- When comparing the performance of all stocks over the past year, SHFSW turns out to be only a medium performer in the overall market: it outperformed 67% of all stocks.
- SHFSW is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SHFSW is lagging the market.
- In the last month SHFSW has a been trading in the 0.03 - 0.04 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
SHFSW has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 0.04. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 0.04, a Stop Loss order could be placed below this zone.
More info and screens
0.03
When analyzing the support we can see 2 important areas.
- A support zone ranging from 0.04 to 0.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.03 to 0.03. This zone is formed by a combination of multiple trend lines in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 0.04 to 0.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 0.05 to 0.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 SHFSW is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SHFSW is neutral. |
| ChartMill Relative Strength | 67.4 | NEUTRAL | SHFSW is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SHFSW is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SHFSW is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of SHFSW is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.34 | NEUTRAL | The RSI value for SHFSW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests SHFSW has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 57 | NEUTRAL | The Stochastics value for SHFSW is a neutral value. |
| Average True Range in percent/ATR (20) | 9.47 | HIGH VOLATILITY | The high ATR as a percentage value for SHFSW suggests high volalility. |
| Average Directional Index/ADX (14) | 11.09 | NEGATIVE | The low ADX value for SHFSW suggests a weak or negative 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 |
|---|---|---|---|
| 0.05 | 0.02 | 0.03 (54.80%) | 1.82% |
| An entry @0.05. This is a Buy Stop order right above the resistance zone. | An exit @0.02. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.03 points, which is 54.80%. | For a 1.00% total portfolio risk, you can invest 1.82% of your capital in this trade. |
- 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.
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NORTHERN LIGHTS ACQUIS -CW22 / SHFSW FAQ
What is the technical rating for SHFSW stock?
ChartMill assigns a technical rating of 6 / 10 to SHFSW.
Can you provide the trend direction for NORTHERN LIGHTS ACQUIS -CW22?
The current trend direction for NORTHERN LIGHTS ACQUIS -CW22 (SHFSW) is Bearish.
Can you provide the RSI signal for NORTHERN LIGHTS ACQUIS -CW22?
NORTHERN LIGHTS ACQUIS -CW22 (SHFSW) has an RSI value of 50.3361. This indicates that the stock is currently neutral.
What is the support and resistance level for SHFSW stock?
NORTHERN LIGHTS ACQUIS -CW22 (SHFSW) has a support level at 0.04 and a resistance level at 0.04. Check the full technical report for our detailed analysis of SHFSW support and resistance levels.