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 4 out of 10 in our technical rating. SHLE was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- SHLE is part of the Energy Equipment & Services industry. There are 27 other stocks in this industry, of which 69% are performing better than SHLE.
- In the last month SHLE has a been trading in the 15.12 - 17.80 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Warning: SHLE has an average volume of 24781 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- Looking at the yearly performance, SHLE did better than 72% of all other stocks. We also observe that the gains produced by SHLE over the past year are nicely spread over this period.
- SHLE is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so SHLE is performing more or less in line with the market.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
SHLE.CA Weekly and Daily overview Charts
SHLE.CA Setup Rating and Analysis
SHLE has an average technical rating and also the quality of the setup is 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
We found 2 important support areas.
- A support zone ranging from 15.12 to 15.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @14.19 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 15.90 to 16.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 16.32 to 16.68. 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 | UP | POSITIVE | The long term trend for SHLE.CA is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SHLE.CA is down. |
| ChartMill Relative Strength | 72.54 | POSITIVE | SHLE.CA has a high relative strength, it outperformed 72.54% 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) | 37.03 | NEUTRAL | The RSI value for SHLE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests SHLE.CA has a negative trend. |
| Stochastics (14,3) | 8.16 | OVERSOLD | The low Stochastics value suggests SHLE.CA may be oversold. |
| Average True Range in percent/ATR (20) | 5.15 | HIGH VOLATILITY | The high ATR as a percentage value for SHLE.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 25.02 | 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 (3/26/2026, 7:00:00 PM)
15.13
-0.21 (-1.37%)
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 4 / 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 37.0313. 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 -0.149705, 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 hold as the short term and long term trends are mixed.