SOURCE ENERGY SERVICES LTD (SHLE.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:SHLE - CA83615X4075 - Common Stock
We assign a technical rating of 8 out of 10 to SHLE. Although SHLE is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- SHLE is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- 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.
- When comparing the performance of all stocks over the past year, SHLE turns out to be only a medium performer in the overall market: it outperformed 67% of all stocks.
- SHLE is part of the Energy Equipment & Services industry. There are 27 other stocks in this industry, SHLE did better than 69% of them.
SHLE has an excellent technical rating and also presents a decent setup pattern. 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 16.68. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for SHLE in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
10.85
We found 2 important support areas.
- A support zone ranging from 14.19 to 14.23. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @10.96 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 16.60 to 17.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | UP | POSITIVE | The short term trend for SHLE.CA is up. |
| ChartMill Relative Strength | 67.51 | NEUTRAL | SHLE.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SHLE.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SHLE.CA is above the rising 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) | 62.14 | NEUTRAL | The RSI value for SHLE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests SHLE.CA has a negative trend. |
| Stochastics (14,3) | 81.66 | OVERBOUGHT | The high Stochastics value suggests SHLE.CA may be overbought. |
| Average True Range in percent/ATR (20) | 4.06 | MEDIUM VOLATILITY | The ATR as a percentage value for SHLE.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 22.48 | NEUTRAL | The ADX value for SHLE.CA suggests a possible start of a new trend. |
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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 17.14 | 15.51 | 1.63 (9.51%) | 10.52% |
| An entry @17.14. This is a Buy Stop order right above the resistance zone. | An exit @15.51. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.63 points, which is 9.51%. | For a 1.00% total portfolio risk, you can invest 10.52% of your capital in this trade. |
- 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.
TSX:SHLE (1/23/2026, 7:00:00 PM)
16.24
-0.58 (-3.45%)
SOURCE ENERGY SERVICES LTD / SHLE.CA FAQ
What is the ChartMill technical rating of SOURCE ENERGY SERVICES LTD (SHLE.CA) stock?
ChartMill assigns a technical rating of 8 / 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 Bullish.
What is the RSI signal for SOURCE ENERGY SERVICES LTD (SHLE.CA) stock?
SOURCE ENERGY SERVICES LTD (SHLE.CA) has an RSI value of 62.1379. This indicates that the stock is currently neutral.
What is the MACD signal for SOURCE ENERGY SERVICES LTD (SHLE.CA) stock?
The MACD indicator for SOURCE ENERGY SERVICES LTD (SHLE.CA) has a value of -0.0420437, indicating a bearish trend.
What is the buy/sell signal for SOURCE ENERGY SERVICES LTD (SHLE.CA) stock?
The buy/sell signal for SOURCE ENERGY SERVICES LTD (SHLE.CA) is buy as both the short term and long term trends are positive.