SOURCE ENERGY SERVICES LTD (SHLE.CA) Stock Technical Analysis
TSX:SHLE - CA83615X4075 - Common Stock
13.93 CAD
+0.12 (+0.87%)
We assign a technical rating of 7 out of 10 to SHLE. 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.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When compared to the yearly performance of all other stocks, SHLE outperforms 69% of them, which is more or less in line with the market.
SHLE is part of the Energy Equipment & Services industry. There are 27 other stocks in this industry, SHLE did better than 53% of them.
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.
In the last month SHLE has a been trading in the 12.38 - 14.83 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.
Besides having an excellent technical rating, SHLE 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 support zone below the current price at 13.74, 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.
More info and screens
8.42
15.35
We found 3 important support areas.
- A support zone ranging from 13.17 to 13.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 12.46 to 12.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.51 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 14.20 to 14.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @14.47 from a trend line in the daily time frame.
- Resistance @15.20 from a trend 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 | NEUTRAL | NEUTRAL | The short term trend for SHLE.CA is neutral. |
| ChartMill Relative Strength | 69.11 | 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) | DOWN | MIXED | The current price of SHLE.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.63 | NEUTRAL | The RSI value for SHLE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests SHLE.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 61.9 | NEUTRAL | The Stochastics value for SHLE.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.49 | MEDIUM VOLATILITY | The ATR as a percentage value for SHLE.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 18.45 | NEGATIVE | The low ADX value for SHLE.CA suggests a weak or negative 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)
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 |
|---|---|---|---|
| 14.24 | 13.61 | 0.63 (4.42%) | 22.60% |
| An entry @14.24. This is a Buy Stop order right above the resistance zone. | An exit @13.61. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.63 points, which is 4.42%. | For a 1.00% total portfolio risk, you can invest 22.60% 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 (9/5/2025, 7:00:00 PM)
13.93
+0.12 (+0.87%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg0.87%
1 Week-5.11%
2 Weeks1.31%
1 Month5.61%
3 Month21.34%
6 Month44.95%
12 Month18.96%
2 Year148.75%
3 Year1060.83%
5 Year1351.04%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.51
ATR(20)%3.49%
ATR Inc-36.66%
Range Today0.5
ADR(20)0.46
ADR(20)%3.31%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS69.11
Mansfield-0.07
10 Day High14.83
10 Day Low13.62
20 Day High14.83
20 Day Low12.38
52 Week High18.1
52 Week Low6.79
CS1 End13.74
CR1 Start14.2
Volume & EV
DER(3)86.08%
DER(5)59.54%
Volume22.64K
Volume Incr-52.43%
Vol(5)17.41K
Vol(50)34.34K