SOURCE ENERGY SERVICES LTD (SHLE.CA) Stock Technical Analysis
TSX:SHLE - Toronto Stock Exchange - CA83615X4075 - Common Stock - Currency: CAD
We assign a technical rating of 9 out of 10 to SHLE. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SHLE is showing a nice and steady performance.
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 80% of 26 stocks in the same industry.
In the last month SHLE has a been trading in the 12.12 - 14.68 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that SHLE is one of the better performing stocks in the market, outperforming 82% 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.
Although SHLE has an excellent technical rating, the quality of the presented setup is not ideal 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
8.40
14.38
When analyzing the support we can see 2 important areas.
- A support zone ranging from 13.71 to 13.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.48 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 14.05 to 14.24. 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 | 82.06 | POSITIVE | SHLE.CA has a high relative strength, it outperformed 82.06% off all stocks 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) | 58.62 | NEUTRAL | The RSI value for SHLE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests SHLE.CA has a negative trend. |
| Stochastics (14,3) | 62.09 | NEUTRAL | The Stochastics value for SHLE.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.29 | MEDIUM VOLATILITY | The ATR as a percentage value for SHLE.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 38.16 | POSITIVE | The high ADX value value for SHLE.CA suggests a strong trend. |
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)
TSX:SHLE (7/18/2025, 7:00:00 PM)
13.88
-0.35 (-2.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-2.46%
1 Week-1.21%
2 Weeks-1.63%
1 Month5.95%
3 Month45.65%
6 Month-10.74%
12 Month22.51%
2 Year157.04%
3 Year590.55%
5 Year1185.19%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.49
ATR(20)%4.29%
ATR Inc50.11%
Range Today0.66
ADR(20)0.59
ADR(20)%4.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.06
Mansfield0.07
10 Day High14.68
10 Day Low13.34
20 Day High14.68
20 Day Low12.12
52 Week High18.1
52 Week Low6.79
CS1 End13.87
CR1 Start14.05
Volume & EV
DER(3)0%
DER(5)0%
Volume43.08K
Volume Incr-39.38%
Vol(5)35.10K
Vol(50)44.99K