SINOPEC SHANGHAI-SPONS ADR (SHI) Stock Technical Analysis
NYSE:SHI - New York Stock Exchange, Inc. - US82935M1099 - ADR - Currency: USD
Taking everything into account, SHI scores 0 out of 10 in our technical rating. 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.
84% of all other stocks performed better in the past year than SHI.
SHI is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so SHI is lagging the market.
SHI is an average performer in the Chemicals industry, it outperforms 45% of 85 stocks in the same industry.
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. Prices have been consolidating lately and the volatility has been reduced. 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
21.28
We found 1 important support 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. |
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)
15.34
-0.1 (-0.65%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg-0.65%
1 Week-3.82%
2 Weeks-2.91%
1 Month-4.54%
3 Month-22.41%
6 Month-28.82%
12 Month-37.52%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.33
ATR(20)%2.57%
ATR Inc-56.96%
Range Today0.16
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.79
Mansfield-1.84
10 Day High16.08
10 Day Low15.26
20 Day High16.2
20 Day Low14.97
52 Week High27.94
52 Week Low14.97
CS1 End15.33
CR1 Start15.56
Volume & EV
DER(3)6.55%
DER(5)3.94%
Volume14.40K
Volume Incr-31.99%
Vol(5)35.72K
Vol(50)33.27K