SHELF DRILLING LTD (SHLF.OL) Stock Technical Analysis
OSL:SHLF - Euronext Oslo - KYG236271055 - Common Stock - Currency: NOK
We assign a technical rating of 0 out of 10 to SHLF. SHLF scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, SHLF is a bad performer in the overall market: 99% of all stocks are doing better.
SHLF is part of the Energy Equipment & Services industry. There are 35 other stocks in this industry, of which 88% are performing better than SHLF.
SHLF is currently trading near the lower end of its 52 week range, which is not a good sign. SHLF is lagging the S&P500 Index which is trading in the middle of its 52 week range.
In the last month SHLF has a been trading in the 4.43 - 6.84 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
SHLF has an average volume of 1181410 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of SHLF is bad and it also does not present a quality setup 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
4.59
8.16
When analyzing the support we notice one important area.
- A support zone ranging from 4.64 to 4.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- Resistance @5.85 from a trend line in the daily time frame.
- A resistance zone ranging from 6.81 to 6.82. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @8.08 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS1.38
Mansfield-6.68
10 Day High6.25
10 Day Low4.57
20 Day High6.85
20 Day Low4.43
52 Week High24.48
52 Week Low4.43
Performance
1 Week-14.52%
2 Weeks-24.14%
1 Month-35.33%
3 Month-47.81%
6 Month-66.74%
12 Month-77.58%
2 Year-77.86%
3 Year-75.37%
5 Year41.34%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.05
RSI(14)29.05
LBB4.27
UBB6.62
OSL:SHLF (5/7/2025, 4:11:34 PM)
4.79
+0.14 (+3.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg3.01%
1 Week-14.52%
2 Weeks-24.14%
1 Month-35.33%
3 Month-47.81%
6 Month-66.74%
12 Month-77.58%
2 Year-77.86%
3 Year-75.37%
5 Year41.34%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.38
ATR(20)%11.7%
ATR Inc-48.67%
Range Today0.26
ADR(20)0.5
ADR(20)%10.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS1.38
Mansfield-6.68
10 Day High6.25
10 Day Low4.57
20 Day High6.85
20 Day Low4.43
52 Week High24.48
52 Week Low4.43
CS1 EndN/A
CR1 Start5.85
Volume & EV
DER(3)0.88%
DER(5)0.37%
Volume129.74K
Volume Incr-8.52%
Vol(5)1.57M
Vol(50)1.18M