SOURCE ENERGY SERVICES LTD (SHLE.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:SHLE - CA83615X4075 - Common Stock
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!
- SHLE is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SHLE is lagging the market slightly.
- When comparing the performance of all stocks over the past year, SHLE turns out to be only a medium performer in the overall market: it outperformed 64% of all stocks.
- SHLE is an average performer in the Energy Equipment & Services industry, it outperforms 65% of 27 stocks in the same industry.
- In the last month SHLE has a been trading in the 14.01 - 17.30 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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
10.89
We found 2 important support areas.
- Support @14.19 from a horizontal line in the daily time frame.
- Support @11.00 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 16.90 to 17.13. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The short term trend for SHLE.CA is neutral. |
| ChartMill Relative Strength | 64.78 | NEUTRAL | SHLE.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SHLE.CA is below 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) | 47.77 | NEUTRAL | The RSI value for SHLE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests SHLE.CA has a negative trend. |
| Stochastics (14,3) | 36.04 | NEUTRAL | The Stochastics value for SHLE.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.32 | MEDIUM VOLATILITY | The ATR as a percentage value for SHLE.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 17.91 | NEGATIVE | The low ADX value for SHLE.CA suggests a weak or negative trend. |
TSX:SHLE (1/28/2026, 7:00:00 PM)
15.64
-0.79 (-4.81%)
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 7 / 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 47.7707. 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 -0.178049, indicating a bearish trend.