SOURCE ENERGY SERVICES LTD (SHLE.CA) Stock Technical Analysis
Canada - TSX:SHLE - CA83615X4075 - Common Stock
We assign a technical rating of 4 out of 10 to SHLE. In the last year, SHLE was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
Although the technical rating is only medium, SHLE does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 13.95. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 13.81, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for SHLE in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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8.54
4 important support areas can be observed.
- A support zone ranging from 13.61 to 13.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @13.20 from a trend line in the daily time frame.
- A support zone ranging from 12.46 to 12.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.63 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 13.95 to 14.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @14.68 from a horizontal line in the daily time frame.
- A resistance zone ranging from 15.36 to 15.57. This zone is formed by a combination of multiple trend lines 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 SHLE.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SHLE.CA is neutral. |
| ChartMill Relative Strength | 46.92 | NEUTRAL | SHLE.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SHLE.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of SHLE.CA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of SHLE.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.55 | NEUTRAL | The RSI value for SHLE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests SHLE.CA has a negative trend. |
| Stochastics (14,3) | 43.8 | NEUTRAL | The Stochastics value for SHLE.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.37 | MEDIUM VOLATILITY | The ATR as a percentage value for SHLE.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 16.66 | NEGATIVE | The low ADX value for SHLE.CA suggests a weak or negative trend. |
TSX:SHLE (9/29/2025, 7:00:00 PM)
13.93
-0.16 (-1.14%)