SHIMMICK CORP (SHIM) Technical Analysis
NASDAQ:SHIM • US82455M1099
Current stock price
SHIM Technical Rating and Analysis
Overall SHIM gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SHIM is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, SHIM did better than 95% of all other stocks. On top of that, SHIM also shows a nice and consistent pattern of rising prices.
- SHIM is one of the better performing stocks in the Construction & Engineering industry, it outperforms 80% of 56 stocks in the same industry.
- SHIM is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SHIM is lagging the market slightly.
- In the last month SHIM has a been trading in the 2.45 - 4.10 range, which is quite wide. It is currently trading near the high of this range.
- Considerably lower volume is observed in the last couple of days.
SHIM Weekly and Daily overview Charts
SHIM Setup Rating and Analysis
Although SHIM has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
SHIM Support and Resistance Analysis
2.53
When analyzing the support we can see 5 important areas.
- A support zone ranging from 3.57 to 3.61. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @3.21 from a trend line in the weekly time frame.
- Support @2.99 from a trend line in the daily time frame.
- Support @2.65 from a trend line in the weekly time frame.
- Support @2.56 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @4.10 from a trend line in the weekly time frame.
- Resistance @4.20 from a horizontal line in the weekly time frame.
SHIM 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 | UP | POSITIVE | The long term trend for SHIM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SHIM is up. |
| ChartMill Relative Strength | 95.43 | POSITIVE | SHIM has a high relative strength, it outperformed 95.43% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SHIM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SHIM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SHIM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.88 | NEUTRAL | The RSI value for SHIM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests SHIM has a positive trend. |
| Stochastics (14,3) | 77.57 | NEUTRAL | The Stochastics value for SHIM is a neutral value. |
| Average True Range in percent/ATR (20) | 9.29 | HIGH VOLATILITY | The high ATR as a percentage value for SHIM suggests high volalility. |
| Average Directional Index/ADX (14) | 16.95 | NEGATIVE | The low ADX value for SHIM suggests a weak or negative trend. |
SHIM Chart- and CandleStick Pattern Analysis
SHIM Technicals: Chart, Performance Metrics, Trend & Indicators
3.94
+0.21 (+5.63%)
SHIMMICK CORP / SHIM TA FAQ
Can you provide the ChartMill technical rating for SHIMMICK CORP?
ChartMill assigns a technical rating of 10 / 10 to SHIM.
What is the trend direction for SHIM stock?
The current trend direction for SHIMMICK CORP (SHIM) is Bullish.
What is the RSI signal for SHIMMICK CORP (SHIM) stock?
SHIMMICK CORP (SHIM) has an RSI value of 59.88. This indicates that the stock is currently neutral.
What is the MACD signal for SHIM stock?
The MACD indicator for SHIMMICK CORP (SHIM) has a value of 0.0668881, indicating a bearish trend.
What is the short term momentum for SHIMMICK CORP (SHIM) stock?
The short term momentum for SHIMMICK CORP (SHIM) is positive.