SHOALS TECHNOLOGIES GROUP -A (SHLS) Stock Technical Analysis
NASDAQ:SHLS - US82489W1071 - Common Stock
6.51 USD
-0.08 (-1.21%)
6.51 USD
0 (0%)
Taking everything into account, SHLS 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, SHLS is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
SHLS 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 SHLS is lagging the market slightly.
In the last month SHLS has a been trading in the 4.43 - 7.13 range, which is quite wide. It is currently trading near the high of this range.
SHLS has an average volume of 5520800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, SHLS did better than 85% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
SHLS is an average performer in the Electrical Equipment industry, it outperforms 61% of 93 stocks in the same industry.
Although SHLS has an excellent technical rating, it does not offer a high 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
4.63
6.59
We found 3 important support areas.
- A support zone ranging from 5.46 to 5.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @4.98 from a trend line in the weekly time frame.
- Support @4.68 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @6.52 from a horizontal 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 | 85.87 | POSITIVE | SHLS has a high relative strength, it outperformed 85.87% 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) | UP | POSITIVE | The current price of SHLS is above 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) | 60.73 | NEUTRAL | The RSI value for SHLS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests SHLS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.9 | NEUTRAL | The Stochastics value for SHLS is a neutral value. |
| Average True Range in percent/ATR (20) | 7.41 | HIGH VOLATILITY | The high ATR as a percentage value for SHLS suggests high volalility. |
| Average Directional Index/ADX (14) | 24.4 | NEUTRAL | The ADX value for SHLS 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)
6.51
-0.08 (-1.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg-1.21%
1 Week0.46%
2 Weeks25.43%
1 Month26.16%
3 Month37.92%
6 Month114.85%
12 Month20.78%
2 Year-66.92%
3 Year-75.31%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.48
ATR(20)%7.41%
ATR Inc-45.17%
Range Today0.24
ADR(20)0.46
ADR(20)%7.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.87
Mansfield2.28
10 Day High7.13
10 Day Low5.4
20 Day High7.13
20 Day Low4.43
52 Week High7.13
52 Week Low2.71
CS1 End5.58
CR1 Start6.52
Volume & EV
DER(3)0.69%
DER(5)3.39%
Volume2.36M
Volume Incr-22.45%
Vol(5)4.55M
Vol(50)5.52M