Overall SHLS gets a technical rating of 8 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, SHLS is showing a nice and steady performance.
SHLS has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 9.02, a Stop Loss order could be placed below this zone.
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6.39
When analyzing the support we can see 4 important areas.
- A support zone ranging from 8.82 to 9.02. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 8.41 to 8.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.20 from a trend line in the daily time frame.
- Support @6.45 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 9.20 to 9.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @9.60 from a horizontal line in the daily time frame.
- Resistance @10.17 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 | UP | POSITIVE | The short term trend for SHLS is up. |
| ChartMill Relative Strength | 91.9 | POSITIVE | SHLS has a high relative strength, it outperformed 91.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SHLS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of SHLS is above a declining 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) | 57.13 | NEUTRAL | The RSI value for SHLS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests SHLS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 74.75 | NEUTRAL | The Stochastics value for SHLS is a neutral value. |
| Average True Range in percent/ATR (20) | 6.14 | HIGH VOLATILITY | The high ATR as a percentage value for SHLS suggests high volalility. |
| Average Directional Index/ADX (14) | 18.86 | NEGATIVE | The low ADX value for SHLS suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 9.28 | 8.81 | 0.47 (5.06%) | 19.74% |
| An entry @9.28. This is a Buy Stop order right above the resistance zone. | An exit @8.81. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.47 points, which is 5.06%. | When investing 19.74% 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 SHLS. 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.
9.19
+0.08 (+0.88%)
SHOALS TECHNOLOGIES GROUP -A / SHLS FAQ
Can you provide the ChartMill technical rating for SHOALS TECHNOLOGIES GROUP -A?
ChartMill assigns a technical rating of 8 / 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 57.1348. 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 0.121068, 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 buy as both the short term and long term trends are positive.