SINOPEC SHANGHAI-SPONS ADR (SHI) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:SHI • US82935M1099
We assign a technical rating of 0 out of 10 to SHI. SHI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- 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, SHI is a bad performer in the overall market: 84% of all stocks are doing better.
- SHI is one of the lesser performing stocks in the Chemicals industry. 84% of 83 stocks in the same industry do better.
- SHI is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month SHI has a been trading in the 14.97 - 16.20 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, SHI does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. We notice that large players showed an interest for SHI in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
15.18
When analyzing the support we notice one important area.
- A support zone ranging from 15.33 to 15.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
5 important resistance areas can be observed.
- A resistance zone ranging from 15.56 to 15.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 16.63 to 16.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @17.45 from a trend line in the weekly time frame.
- Resistance @17.96 from a trend line in the daily time frame.
- Resistance @21.07 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 SHI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SHI is down. |
| ChartMill Relative Strength | 16.79 | NEGATIVE | SHI has a low relative strength, it was outperformed by 83.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SHI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SHI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SHI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 36.42 | NEUTRAL | The RSI value for SHI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests SHI has a negative trend. |
| Stochastics (14,3) | 31.49 | NEUTRAL | The Stochastics value for SHI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.57 | MEDIUM VOLATILITY | The ATR as a percentage value for SHI suggests some volalility. |
| Average Directional Index/ADX (14) | 23.52 | NEUTRAL | The ADX value for SHI suggests a possible start of a new trend. |
15.34
-0.1 (-0.65%)
SINOPEC SHANGHAI-SPONS ADR / SHI FAQ
What is the ChartMill technical rating of SINOPEC SHANGHAI-SPONS ADR (SHI) stock?
ChartMill assigns a technical rating of 0 / 10 to SHI.
Can you provide the trend direction for SINOPEC SHANGHAI-SPONS ADR?
The current trend direction for SINOPEC SHANGHAI-SPONS ADR (SHI) is Bearish.
What is the RSI signal for SINOPEC SHANGHAI-SPONS ADR (SHI) stock?
SINOPEC SHANGHAI-SPONS ADR (SHI) has an RSI value of 36.4222. This indicates that the stock is currently neutral.
Can you provide the MACD signal for SINOPEC SHANGHAI-SPONS ADR?
The MACD indicator for SINOPEC SHANGHAI-SPONS ADR (SHI) has a value of -0.00740356, indicating a bearish trend.
Can you provide the short term momentum for SINOPEC SHANGHAI-SPONS ADR?
The short term momentum for SINOPEC SHANGHAI-SPONS ADR (SHI) is negative.