SHELF DRILLING LTD (SHLF.OL) Stock Technical Analysis
Europe - Euronext Oslo - OSL:SHLF - KYG236271055 - Common Stock
We assign a technical rating of 9 out of 10 to SHLF. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SHLF is showing a nice and steady performance.
SHLF has an excellent technical rating, but 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
13.71
2 important support areas can be observed.
- A support zone ranging from 18.24 to 18.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @13.85 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 18.44 to 18.46. 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 SHLF.OL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SHLF.OL is up. |
| ChartMill Relative Strength | 94.67 | POSITIVE | SHLF.OL has a high relative strength, it outperformed 94.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SHLF.OL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SHLF.OL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SHLF.OL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 77.23 | OVERBOUGHT | The high RSI value suggests SHLF.OL may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests SHLF.OL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 90.28 | OVERBOUGHT | The high Stochastics value suggests SHLF.OL may be overbought. |
| Average True Range in percent/ATR (20) | 0.28 | LOW VOLATILITY | The low ATR as a percentage value for SHLF.OL suggests low volalility. |
| Average Directional Index/ADX (14) | 50.16 | POSITIVE | The high ADX value value for SHLF.OL suggests a strong trend. |
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 |
|---|---|---|---|
| 18.47 | 18.23 | 0.24 (1.30%) | 25.00% |
| An entry @18.47. This is a Buy Stop order right above the resistance zone. | An exit @18.23. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.24 points, which is 1.30%. | For a 0.32% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
OSL:SHLF (11/25/2025, 7:00:00 PM)
18.44
-0.02 (-0.11%)
SHELF DRILLING LTD / SHLF.OL FAQ
Can you provide the ChartMill technical rating for SHELF DRILLING LTD?
ChartMill assigns a technical rating of 9 / 10 to SHLF.OL.
Can you provide the trend direction for SHELF DRILLING LTD?
The current trend direction for SHELF DRILLING LTD (SHLF.OL) is Bullish.
Can you provide the RSI signal for SHELF DRILLING LTD?
SHELF DRILLING LTD (SHLF.OL) has an RSI value of 77.2308. This indicates that the stock is currently overbought.
What is the MACD signal for SHELF DRILLING LTD (SHLF.OL) stock?
The MACD indicator for SHELF DRILLING LTD (SHLF.OL) has a value of -0.0244208, indicating a bearish trend.
Can you provide the short term momentum for SHELF DRILLING LTD?
The short term momentum for SHELF DRILLING LTD (SHLF.OL) is positive.