Tortoise Acquisition Corp Cl A (SHLL) Technical Analysis
NYSE:SHLL
Current stock price
SHLL Technical Rating and Analysis
Overall SHLL gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SHLL is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, SHLL did better than 98% of all other stocks.
- SHLL is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SHLL is lagging the market slightly.
- SHLL has an average volume of 5873840 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month SHLL has a been trading in the 33.21 - 57.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
SHLL Weekly and Daily overview Charts
SHLL Setup Rating and Analysis
Besides having an excellent technical rating, SHLL also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
SHLL Support and Resistance Analysis
25.63
When analyzing the support we can see 3 important areas.
- Support @43.12 from a trend line in the daily time frame.
- Support @40.49 from a horizontal line in the daily time frame.
- Support @25.89 from a trend line in the daily time frame.
SHLL 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 SHLL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SHLL is up. |
| ChartMill Relative Strength | 98.66 | POSITIVE | SHLL has a high relative strength, it outperformed 98.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SHLL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SHLL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SHLL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.96 | NEUTRAL | The RSI value for SHLL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.89 | NEGATIVE | The MACD value suggests SHLL has a negative trend. |
| Stochastics (14,3) | 77.76 | NEUTRAL | The Stochastics value for SHLL is a neutral value. |
| Average True Range in percent/ATR (20) | 14.64 | HIGH VOLATILITY | The high ATR as a percentage value for SHLL suggests high volalility. |
SHLL Chart- and CandleStick Pattern Analysis
SHLL 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 |
|---|---|---|---|
| 47.47 | 43.11 | 4.36 (9.18%) | 10.90% |
| An entry @47.47. This is a Buy Stop order right above the 10 day moving average. | An exit @43.11. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 4.36 points, which is 9.18%. | When investing 10.90% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of SHLL. Please evaluate whether better entry and exit points can be found.
- 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.
SHLL Technicals: Chart, Performance Metrics, Trend & Indicators
44.91
-4.92 (-9.87%)
Tortoise Acquisition Corp Cl A / SHLL TA FAQ
What is the technical rating for SHLL stock?
ChartMill assigns a technical rating of 8 / 10 to SHLL.
Can you provide the trend direction for Tortoise Acquisition Corp Cl A?
The current trend direction for Tortoise Acquisition Corp Cl A (SHLL) is Bullish.
What is the RSI signal for Tortoise Acquisition Corp Cl A (SHLL) stock?
Tortoise Acquisition Corp Cl A (SHLL) has an RSI value of 50.9614. This indicates that the stock is currently neutral.
What is the buy/sell signal for SHLL stock?
The buy/sell signal for Tortoise Acquisition Corp Cl A (SHLL) is buy as both the short term and long term trends are positive.
What is the support and resistance level for SHLL stock?
Tortoise Acquisition Corp Cl A (SHLL) has a support level at 43.12. Check the full technical report for our detailed analysis of SHLL support and resistance levels.