SHELF DRILLING LTD (SHLF.OL) Technical Analysis
OSL:SHLF • KYG236271055
Current stock price
SHLF.OL Technical Rating and Analysis
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.
- Both the short term and long term trends are positive. This is a very positive sign.
- SHLF is part of the Energy Equipment & Services industry. There are 37 other stocks in this industry. SHLF outperforms 86% of them.
- A new 52 week high is currently being made by SHLF, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- When comparing the yearly performance of all stocks, we notice that SHLF is one of the better performing stocks in the market, outperforming 94% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- In the last month SHLF has a been trading in a tight range between 18.16 and 18.48.
SHLF.OL Weekly and Daily overview Charts
SHLF.OL Setup Rating and Analysis
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
SHLF.OL Support and Resistance Analysis
13.71
When analyzing the support we can see 2 important areas.
- 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.
We found 1 important resistance 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.
SHLF.OL Technical Indicator Signal Analysis
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. |
SHLF.OL Chart- and CandleStick Pattern Analysis
SHLF.OL Example Setup
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%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.32%. |
- 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.
SHLF.OL Technicals: Chart, Performance Metrics, Trend & Indicators
OSL:SHLF (11/25/2025, 7:00:00 PM)
18.44
-0.02 (-0.11%)
SHELF DRILLING LTD / SHLF.OL TA FAQ
Can you provide the ChartMill technical rating for SHELF DRILLING LTD?
ChartMill assigns a technical rating of 9 / 10 to SHLF.OL.
What is the current trend direction of SHELF DRILLING LTD (SHLF.OL) stock?
The current trend direction for SHELF DRILLING LTD (SHLF.OL) is Bullish.
What is the RSI signal for SHELF DRILLING LTD (SHLF.OL) stock?
SHELF DRILLING LTD (SHLF.OL) has an RSI value of 77.2308. This indicates that the stock is currently overbought.
Can you provide the MACD signal for SHELF DRILLING LTD?
The MACD indicator for SHELF DRILLING LTD (SHLF.OL) has a value of -0.0244208, indicating a bearish trend.
What is the support and resistance level for SHLF stock?
SHELF DRILLING LTD (SHLF.OL) has a support level at 18.37 and a resistance level at 18.44. Check the full technical report for our detailed analysis of SHLF.OL support and resistance levels.