SOURCE ENERGY SERVICES LTD (SHLE.CA) Technical Analysis
TSX:SHLE • CA83615X4075
Current stock price
SHLE.CA Technical Rating and Analysis
Taking everything into account, SHLE scores 2 out of 10 in our technical rating. Although SHLE is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- In the last month SHLE has a been trading in the 13.92 - 16.75 range, which is quite wide. It is currently trading near the lows of this range.
- Warning: SHLE has an average volume of 25749 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- When comparing the yearly performance of all stocks, we notice that SHLE is one of the better performing stocks in the market, outperforming 77% of all stocks.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- SHLE is an average performer in the Energy Equipment & Services industry, it outperforms 40% of 28 stocks in the same industry.
- SHLE is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SHLE is lagging the market slightly.
- Volume is considerably higher in the last couple of days.
SHLE.CA Weekly and Daily overview Charts
SHLE.CA Setup Rating and Analysis
SHLE has a poor technical rating and the quality of the setup is also only medium 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
SHLE.CA Support and Resistance Analysis
14.05
When analyzing the support we notice one important area.
- A support zone ranging from 14.19 to 14.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- Resistance @14.58 from a trend line in the daily time frame.
- Resistance @15.20 from a trend line in the daily time frame.
- A resistance zone ranging from 16.41 to 16.50. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @17.61 from a horizontal line in the weekly time frame.
SHLE.CA 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 | NEUTRAL | NEUTRAL | The long term trend for SHLE.CA is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SHLE.CA is down. |
| ChartMill Relative Strength | 77.65 | POSITIVE | SHLE.CA has a high relative strength, it outperformed 77.65% off all stocks 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 | NEGATIVE | The current price of SHLE.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SHLE.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 35.39 | NEUTRAL | The RSI value for SHLE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests SHLE.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 31.4 | NEUTRAL | The Stochastics value for SHLE.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.84 | MEDIUM VOLATILITY | The ATR as a percentage value for SHLE.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 35.19 | POSITIVE | The high ADX value value for SHLE.CA suggests a strong trend. |
SHLE.CA Chart- and CandleStick Pattern Analysis
SHLE.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:SHLE (4/7/2026, 7:00:00 PM)
14.57
-0.3 (-2.02%)
SOURCE ENERGY SERVICES LTD / SHLE.CA TA FAQ
What is the ChartMill technical rating of SOURCE ENERGY SERVICES LTD (SHLE.CA) stock?
ChartMill assigns a technical rating of 2 / 10 to SHLE.CA.
Can you provide the trend direction for SOURCE ENERGY SERVICES LTD?
The current trend direction for SOURCE ENERGY SERVICES LTD (SHLE.CA) is Bearish.
Can you provide the RSI signal for SOURCE ENERGY SERVICES LTD?
SOURCE ENERGY SERVICES LTD (SHLE.CA) has an RSI value of 35.3915. This indicates that the stock is currently neutral.
What is the short term momentum for SHLE stock?
The short term momentum for SOURCE ENERGY SERVICES LTD (SHLE.CA) is negative.
Can you provide the support and resistance levels for SOURCE ENERGY SERVICES LTD?
SOURCE ENERGY SERVICES LTD (SHLE.CA) has a support level at 14.56 and a resistance level at 14.58. Check the full technical report for our detailed analysis of SHLE.CA support and resistance levels.