SHELF DRILLING LTD (SHLF.OL) Stock Technical Analysis
OSL:SHLF - Euronext Oslo - KYG236271055 - Common Stock - Currency: NOK
Overall SHLF gets a technical rating of 4 out of 10. In the past year, SHLF was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
94% of all other stocks performed better in the past year than SHLF.
SHLF is one of the lesser performing stocks in the Energy Equipment & Services industry. 82% of 36 stocks in the same industry do better.
SHLF is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SHLF is lagging the market.
SHLF is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
SHLF has an average volume of 1594580 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
SHLF has an average technical rating and the quality of the presented setup is also 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
7.81
8.34
We found 1 important support area.
- A support zone ranging from 7.89 to 7.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 8.06 to 8.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @8.26 from a horizontal 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 SHLF.OL is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SHLF.OL is up. |
| ChartMill Relative Strength | 6.08 | NEGATIVE | SHLF.OL has a low relative strength, it was outperformed by 93.92% 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) | DOWN | NEGATIVE | The current price of SHLF.OL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 64.43 | NEUTRAL | The RSI value for SHLF.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests SHLF.OL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.36 | NEUTRAL | The Stochastics value for SHLF.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 6.05 | HIGH VOLATILITY | The high ATR as a percentage value for SHLF.OL suggests high volalility. |
| Average Directional Index/ADX (14) | 41.3 | POSITIVE | The high ADX value value for SHLF.OL suggests a strong 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)
OSL:SHLF (6/19/2025, 3:20:56 PM)
7.905
-0.05 (-0.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-0.69%
1 Week-4.18%
2 Weeks13.74%
1 Month42.43%
3 Month0.19%
6 Month-12.89%
12 Month-62.1%
2 Year-59.83%
3 Year-36.66%
5 Year159.18%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.43
ATR(20)%6.05%
ATR Inc-59.47%
Range Today0.11
ADR(20)0.46
ADR(20)%5.76%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.08
Mansfield-3.86
10 Day High8.46
10 Day Low6.81
20 Day High8.46
20 Day Low5.8
52 Week High24.3
52 Week Low4.43
CS1 End7.89
CR1 Start8.06
Volume & EV
DER(3)2.57%
DER(5)1.31%
Volume28.05K
Volume Incr-37.97%
Vol(5)812.61K
Vol(50)1.59M