SINOPEC SHANGHAI-SPONS ADR (SHI) Technical Analysis
NYSE:SHI • US82935M1099
Current stock price
SHI Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to SHI. SHI'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.
- 84% of all other stocks performed better in the past year than SHI.
- SHI is part of the Chemicals industry. There are 82 other stocks in this industry, of which 82% are performing better than SHI.
- 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.
SHI Weekly and Daily overview Charts
SHI Setup Rating and Analysis
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
SHI Support and Resistance Analysis
15.18
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.
We can see 5 important resistance areas.
- 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.
SHI Technical Indicator Signal Analysis
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. |
SHI Chart- and CandleStick Pattern Analysis
SHI Technicals: Chart, Performance Metrics, Trend & Indicators
15.34
-0.1 (-0.65%)
SINOPEC SHANGHAI-SPONS ADR / SHI TA 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.
Can you provide the RSI signal for SINOPEC SHANGHAI-SPONS ADR?
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.
What is the buy/sell signal for SHI stock?
The buy/sell signal for SINOPEC SHANGHAI-SPONS ADR (SHI) is sell as both the short term and long term trends are negative.