SOURCE ENERGY SERVICES LTD (SHLE.CA) Stock Technical Analysis
Canada - TSX:SHLE - CA83615X4075 - Common Stock
Overall SHLE gets a technical rating of 0 out of 10. SHLE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
SHLE has a poor technical rating and the quality of the setup is also 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
8.64
2 important support areas can be observed.
- A support zone ranging from 11.25 to 11.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.73 from a trend line in the weekly time frame.
We can see 4 important resistance areas.
- Resistance @12.01 from a horizontal line in the daily time frame.
- A resistance zone ranging from 13.74 to 13.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @14.11 from a horizontal line in the weekly time frame.
- Resistance @15.23 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 | DOWN | NEGATIVE | The long term trend for SHLE.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SHLE.CA is down. |
| ChartMill Relative Strength | 12.72 | NEGATIVE | SHLE.CA has a low relative strength, it was outperformed by 87.28% 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) | DOWN | NEGATIVE | The current price of SHLE.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.49 | NEUTRAL | The RSI value for SHLE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests SHLE.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 19.43 | OVERSOLD | The low Stochastics value suggests SHLE.CA may be oversold. |
| Average True Range in percent/ATR (20) | 4.46 | MEDIUM VOLATILITY | The ATR as a percentage value for SHLE.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 23.22 | NEUTRAL | The ADX value for SHLE.CA suggests a possible start of a new trend. |
TSX:SHLE (10/24/2025, 7:00:00 PM)
11.79
+0.01 (+0.08%)
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 0 / 10 to SHLE.CA.
What is the current trend direction of SOURCE ENERGY SERVICES LTD (SHLE.CA) stock?
The current trend direction for SOURCE ENERGY SERVICES LTD (SHLE.CA) is Bearish.
What is the RSI signal for SOURCE ENERGY SERVICES LTD (SHLE.CA) stock?
SOURCE ENERGY SERVICES LTD (SHLE.CA) has an RSI value of 37.4907. This indicates that the stock is currently neutral.
Can you provide the MACD signal for SOURCE ENERGY SERVICES LTD?
The MACD indicator for SOURCE ENERGY SERVICES LTD (SHLE.CA) has a value of -0.0826349, indicating a bearish trend.
Can you provide the short term momentum for SOURCE ENERGY SERVICES LTD?
The short term momentum for SOURCE ENERGY SERVICES LTD (SHLE.CA) is negative.