Taking everything into account, SHIM scores 8 out of 10 in our technical rating. Although SHIM is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although SHIM has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
2.07
We found 3 important support areas.
- Support @2.24 from a trend line in the weekly time frame.
- Support @2.16 from a trend line in the daily time frame.
- Support @2.09 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @3.20 from a horizontal line in the weekly time frame.
- Resistance @3.35 from a horizontal line in the daily 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 | 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 | 72.02 | POSITIVE | SHIM has a high relative strength, it outperformed 72.02% 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) | 67.78 | NEUTRAL | The RSI value for SHIM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests SHIM has a positive trend. |
| Stochastics (14,3) | 65.59 | NEUTRAL | The Stochastics value for SHIM is a neutral value. |
| Average True Range in percent/ATR (20) | 6.01 | HIGH VOLATILITY | The high ATR as a percentage value for SHIM suggests high volalility. |
| Average Directional Index/ADX (14) | 30.78 | POSITIVE | The high ADX value value for SHIM suggests a strong trend. |
3.19
+0.34 (+11.93%)
SHIMMICK CORP / SHIM FAQ
Can you provide the ChartMill technical rating for SHIMMICK CORP?
ChartMill assigns a technical rating of 8 / 10 to SHIM.
Can you provide the trend direction for SHIMMICK CORP?
The current trend direction for SHIMMICK CORP (SHIM) is Bullish.
What is the RSI signal for SHIM stock?
SHIMMICK CORP (SHIM) has an RSI value of 67.779. This indicates that the stock is currently neutral.
What is the short term momentum for SHIM stock?
The short term momentum for SHIMMICK CORP (SHIM) is positive.
Can you provide the buy/sell signal for SHIMMICK CORP?
The buy/sell signal for SHIMMICK CORP (SHIM) is buy as both the short term and long term trends are positive.