SHELF DRILLING LTD (SHLF.OL) Stock Technical Analysis
OSL:SHLF - KYG236271055 - Common Stock
13.92 NOK
+0.02 (+0.14%)
Taking everything into account, SHLF scores 9 out of 10 in our technical rating. 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.
The long and short term trends are both positive. This is looking good!
SHLF is part of the Energy Equipment & Services industry. There are 37 other stocks in this industry. SHLF outperforms 80% of them.
SHLF has an average volume of 2317320 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that SHLF is one of the better performing stocks in the market, outperforming 84% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
SHLF is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SHLF is lagging the market.
In the last month SHLF has a been trading in a tight range between 13.72 and 13.96.
Considerably lower volume is observed in the last couple of days.
Although SHLF 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
10.28
14.09
When analyzing the support we can see 2 important areas.
- A support zone ranging from 13.73 to 13.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @10.38 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 13.93 to 13.95. 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 | 84.39 | POSITIVE | SHLF.OL has a high relative strength, it outperformed 84.39% 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 | MIXED | The current price of SHLF.OL is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 80.7 | OVERBOUGHT | The high RSI value suggests SHLF.OL may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests SHLF.OL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 76.52 | NEUTRAL | The Stochastics value for SHLF.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 0.34 | LOW VOLATILITY | The low ATR as a percentage value for SHLF.OL suggests low volalility. |
| Average Directional Index/ADX (14) | 64.71 | 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 (9/10/2025, 7:00:00 PM)
13.92
+0.02 (+0.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg0.14%
1 Week-0.14%
2 Weeks0.72%
1 Month1.16%
3 Month72.7%
6 Month92.27%
12 Month-18.36%
2 Year-62.88%
3 Year-9.73%
5 Year575.73%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%0.34%
ATR Inc69.7%
Range Today0.1
ADR(20)0.05
ADR(20)%0.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.39
Mansfield2.36
10 Day High13.96
10 Day Low13.82
20 Day High13.96
20 Day Low13.72
52 Week High21.06
52 Week Low4.43
CS1 End13.91
CR1 Start13.93
Volume & EV
DER(3)-0.65%
DER(5)-0.32%
Volume938.21K
Volume Incr-45.12%
Vol(5)902.52K
Vol(50)2.32M