Taking everything into account, SHLS scores 6 out of 10 in our technical rating. In the last year, SHLS was one of the better performers, but we do observe some doubts in the very recent evolution.
SHLS has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
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5.61
5 important support areas can be observed.
- Support @7.81 from a horizontal line in the weekly time frame.
- Support @7.67 from a trend line in the daily time frame.
- Support @7.45 from a horizontal line in the daily time frame.
- Support @6.10 from a trend line in the weekly time frame.
- Support @5.67 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @10.43 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 | UP | POSITIVE | The long term trend for SHLS is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SHLS is down. |
| ChartMill Relative Strength | 92.47 | POSITIVE | SHLS has a high relative strength, it outperformed 92.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SHLS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of SHLS is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SHLS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.9 | NEUTRAL | The RSI value for SHLS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests SHLS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 35.74 | NEUTRAL | The Stochastics value for SHLS is a neutral value. |
| Average True Range in percent/ATR (20) | 8.33 | HIGH VOLATILITY | The high ATR as a percentage value for SHLS suggests high volalility. |
| Average Directional Index/ADX (14) | 24.02 | NEUTRAL | The ADX value for SHLS suggests a possible start of a new trend. |
8.39
+0.22 (+2.69%)
SHOALS TECHNOLOGIES GROUP -A / SHLS FAQ
Can you provide the ChartMill technical rating for SHOALS TECHNOLOGIES GROUP -A?
ChartMill assigns a technical rating of 6 / 10 to SHLS.
What is the trend direction for SHLS stock?
The current trend direction for SHOALS TECHNOLOGIES GROUP -A (SHLS) is Bullish.
Can you provide the RSI signal for SHOALS TECHNOLOGIES GROUP -A?
SHOALS TECHNOLOGIES GROUP -A (SHLS) has an RSI value of 46.8967. This indicates that the stock is currently neutral.
Can you provide the MACD signal for SHOALS TECHNOLOGIES GROUP -A?
The MACD indicator for SHOALS TECHNOLOGIES GROUP -A (SHLS) has a value of -0.0496942, indicating a bearish trend.
What is the buy/sell signal for SHOALS TECHNOLOGIES GROUP -A (SHLS) stock?
The buy/sell signal for SHOALS TECHNOLOGIES GROUP -A (SHLS) is hold as the short term and long term trends are mixed.