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SOURCE ENERGY SERVICES LTD (SHLE.CA) Stock Technical Analysis

TSX:SHLE - Toronto Stock Exchange - CA83615X4075 - Common Stock - Currency: CAD

14.05  -0.08 (-0.57%)

Technical Rating and Analysis

9

Overall SHLE gets a technical rating of 9 out of 10. Both in the recent history as in the last year, SHLE has proven to be a steady performer, scoring decent points in every aspect analyzed.

The long and short term trends are both positive. This is looking good!
SHLE is one of the better performing stocks in the Energy Equipment & Services industry, it outperforms 76% of 27 stocks in the same industry.
SHLE is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
When comparing the yearly performance of all stocks, we notice that SHLE is one of the better performing stocks in the market, outperforming 87% of all stocks. However, this relatively good performance is mostly due to a recent big move.
SHLE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SHLE is lagging the market.
Weekly and Daily overview Charts
SOURCE ENERGY SERVICES LTD / SHLE Weekly stock chart
SOURCE ENERGY SERVICES LTD / SHLE Daily stock chart
Setup Rating and Analysis

7

SHLE has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. 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 14.09. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 14.04, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

8.36

14.34

When analyzing the support we can see 2 important areas.

  • A support zone ranging from 13.91 to 14.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @8.44 from a trend line in the weekly time frame.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 14.09 to 14.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for SHLE.CA is up.
ChartMill Short Term Trend IndicatorUPPOSITIVEThe short term trend for SHLE.CA is up.
ChartMill Relative Strength87.04POSITIVESHLE.CA has a high relative strength, it outperformed 87.04% off all stocks on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of SHLE.CA is above the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of SHLE.CA is above the rising SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of SHLE.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)64.98NEUTRALThe RSI value for SHLE.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)0.01POSITIVEThe MACD value suggests SHLE.CA has a positive trend, although the MACD value is declining.
Stochastics (14,3)77.34NEUTRALThe Stochastics value for SHLE.CA is a neutral value.
Average True Range in percent/ATR (20)4.31MEDIUM VOLATILITYThe ATR as a percentage value for SHLE.CA suggests some volalility.
Average Directional Index/ADX (14)37.81POSITIVEThe high ADX value value for SHLE.CA suggests a strong trend.
Chart- and CandleStick Pattern Analysis
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)
Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
14.2113.900.31 (2.18%)25.00%
An entry @14.21. This is a Buy Stop order right above the resistance zone.An exit @13.90. This is a Stop Loss order right below the support zone.The worst case loss on the trade is limited to 0.31 points, which is 2.18%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.55%.

  • The distance between exit and entry is rather small compared to the average daily movement of SHLE. Please evaluate whether better entry and exit points can be found.
  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
SOURCE ENERGY SERVICES LTD / SHLE Daily stock chart

SOURCE ENERGY SERVICES LTD

TSX:SHLE (7/11/2025, 7:00:00 PM)

14.05

-0.08 (-0.57%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-0.57%
1 Week-0.43%
2 Weeks4.07%
1 Month14.41%
3 Month78.75%
6 Month-1.26%
12 Month17.38%
2 Year160.19%
3 Year599.01%
5 Year1200.93%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.61
ATR(20)%4.31%
ATR Inc-62.52%
Range Today0.36
ADR(20)0.59
ADR(20)%4.2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.04
Mansfield0.27
10 Day High14.65
10 Day Low12.93
20 Day High14.65
20 Day Low11.88
52 Week High18.1
52 Week Low6.79
CS1 End14.04
CR1 Start14.09
Volume & EV
DER(3)0%
DER(5)0%
Volume17.50K
Volume Incr-58.99%
Vol(5)25.91K
Vol(50)45.34K