SOURCE ENERGY SERVICES LTD (SHLE.CA) Stock Technical Analysis
TSX:SHLE - Toronto Stock Exchange - CA83615X4075 - Common Stock - Currency: CAD
Overall SHLE gets a technical rating of 1 out of 10. SHLE's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, SHLE is a bad performer in the overall market: 90% of all stocks are doing better.
SHLE is one of the lesser performing stocks in the Energy Equipment & Services industry. 88% of 27 stocks in the same industry do better.
SHLE is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
In the last month SHLE has a been trading in the 6.79 - 10.93 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, SHLE does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. 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
7.91
13.37
2 important support areas can be observed.
- Support @9.07 from a horizontal line in the daily time frame.
- Support @7.99 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @9.52 from a trend line in the daily time frame.
- A resistance zone ranging from 10.38 to 10.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @13.24 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.01
Mansfield-2.4
10 Day High10.93
10 Day Low8.75
20 Day High10.93
20 Day Low6.79
52 Week High18.1
52 Week Low6.79
Performance
1 Week-2.58%
2 Weeks-1.05%
1 Month3.4%
3 Month-30.41%
6 Month-29.36%
12 Month-36.41%
2 Year74.63%
3 Year334.56%
5 Year1209.72%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.13
RSI(14)50.97
LBB8.12
UBB10.22
TSX:SHLE (5/2/2025, 7:00:00 PM)
9.43
+0.27 (+2.95%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg2.95%
1 Week-2.58%
2 Weeks-1.05%
1 Month3.4%
3 Month-30.41%
6 Month-29.36%
12 Month-36.41%
2 Year74.63%
3 Year334.56%
5 Year1209.72%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.8
ATR(20)%9.95%
ATR Inc11.93%
Range Today0.7
ADR(20)0.88
ADR(20)%9.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.01
Mansfield-2.4
10 Day High10.93
10 Day Low8.75
20 Day High10.93
20 Day Low6.79
52 Week High18.1
52 Week Low6.79
CS1 End9.07
CR1 Start9.52
Volume & EV
DER(3)42.55%
DER(5)44.46%
Volume14.75K
Volume Incr-62.84%
Vol(5)10.68K
Vol(50)30.43K