SHELF DRILLING LTD (SHLF.OL) Stock Technical Analysis
OSL:SHLF - Euronext Oslo - KYG236271055 - Common Stock - Currency: NOK
We assign a technical rating of 2 out of 10 to SHLF. Recently some decent action could be observed, but in the medium term time frame this is still negative. SHLF was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, SHLF is a bad performer in the overall market: 98% of all stocks are doing better.
SHLF is one of the lesser performing stocks in the Energy Equipment & Services industry. 94% of 35 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.
In the last month SHLF has a been trading in the 4.60 - 6.82 range, which is quite wide. It is currently trading near the high of this range.
SHLF has an average volume of 1452360 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
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
6.44
6.93
3 important resistance areas can be observed.
- A resistance zone ranging from 6.52 to 6.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @6.69 from a trend line in the daily time frame.
- Resistance @6.86 from a trend line in the weekly 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 | 2.61 | NEGATIVE | SHLF.OL has a low relative strength, it was outperformed by 97.39% 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) | DOWN | MIXED | The current price of SHLF.OL is above a declining 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) | 59.36 | NEUTRAL | The RSI value for SHLF.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests SHLF.OL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.85 | 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) | 23.51 | NEUTRAL | The ADX value for SHLF.OL suggests a possible start of a new 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 (5/28/2025, 7:00:00 PM)
6.51
+0.33 (+5.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg5.34%
1 Week1.72%
2 Weeks12.05%
1 Month37.63%
3 Month-20.42%
6 Month-36.55%
12 Month-72.72%
2 Year-69%
3 Year-65.52%
5 Year97.87%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.45
ATR(20)%6.05%
ATR Inc-13.07%
Range Today0.51
ADR(20)0.36
ADR(20)%5.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.61
Mansfield-5.16
10 Day High6.82
10 Day Low5.43
20 Day High6.82
20 Day Low4.6
52 Week High24.3
52 Week Low4.43
CS1 EndN/A
CR1 Start6.52
Volume & EV
DER(3)-0.3%
DER(5)-0.03%
Volume1.08M
Volume Incr11.35%
Vol(5)1.66M
Vol(50)1.45M