SOURCE ENERGY SERVICES LTD (SHLE.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:SHLE - CA83615X4075 - Common Stock
Taking everything into account, SHLE scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, SHLE is only an average performer.
Besides having an excellent technical rating, SHLE also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 15.41. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 14.97, 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.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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10.94
When analyzing the support we can see 3 important areas.
- A support zone ranging from 14.89 to 14.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 14.19 to 14.41. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @11.05 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 15.41 to 15.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @15.81 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 SHLE.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SHLE.CA is up. |
| ChartMill Relative Strength | 40.01 | 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) | 62.75 | NEUTRAL | The RSI value for SHLE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests SHLE.CA has a negative trend. |
| Stochastics (14,3) | 70.4 | NEUTRAL | The Stochastics value for SHLE.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.11 | HIGH VOLATILITY | The high ATR as a percentage value for SHLE.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 37.69 | POSITIVE | The high ADX value value for SHLE.CA suggests a strong 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 |
|---|---|---|---|
| 15.57 | 14.88 | 0.69 (4.43%) | 22.57% |
| An entry @15.57. This is a Buy Stop order right above the resistance zone. | An exit @14.88. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.69 points, which is 4.43%. | For a 1.00% total portfolio risk, you can invest 22.57% of your capital in this trade. |
- 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.
TSX:SHLE (12/24/2025, 7:00:00 PM)
15.26
-0.29 (-1.86%)
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.
What is the current trend direction of SOURCE ENERGY SERVICES LTD (SHLE.CA) stock?
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 62.7543. This indicates that the stock is currently neutral.
Can you provide the MACD signal for SOURCE ENERGY SERVICES LTD?
The MACD indicator for SOURCE ENERGY SERVICES LTD (SHLE.CA) has a value of -0.00233167, indicating a bearish trend.
Can you provide the short term momentum for SOURCE ENERGY SERVICES LTD?
The short term momentum for SOURCE ENERGY SERVICES LTD (SHLE.CA) is positive.