8.66 USD
+0.06 (+0.7%)
8.69 USD
+0.03 (+0.35%)
We assign a technical rating of 6 out of 10 to SHLS. In the last year, SHLS was one of the better performers, but we do observe some doubts in the very recent evolution.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
SHLS is one of the better performing stocks in the Electrical Equipment industry, it outperforms 72% of 91 stocks in the same industry.
SHLS has an average volume of 4585260 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 82% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
SHLS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SHLS is lagging the market.
In the last month SHLS has a been trading in the 7.87 - 9.76 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, SHLS does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 9.15. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
6.55
9.70
We found 6 important support areas.
- A support zone ranging from 8.59 to 8.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.42 from a horizontal line in the daily time frame.
- Support @7.97 from a trend line in the daily time frame.
- Support @7.81 from a horizontal line in the weekly time frame.
- Support @7.45 from a horizontal line in the daily time frame.
- Support @6.62 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 9.15 to 9.32. 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.
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 | NEUTRAL | NEUTRAL | The short term trend for SHLS is neutral. |
| ChartMill Relative Strength | 82 | POSITIVE | SHLS has a high relative strength, it outperformed 82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SHLS is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SHLS is below 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) | 48.61 | NEUTRAL | The RSI value for SHLS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests SHLS has a negative trend. |
| Stochastics (14,3) | 26.1 | NEUTRAL | The Stochastics value for SHLS is a neutral value. |
| Average True Range in percent/ATR (20) | 6.77 | HIGH VOLATILITY | The high ATR as a percentage value for SHLS suggests high volalility. |
| Average Directional Index/ADX (14) | 17.1 | NEGATIVE | The low ADX value for SHLS suggests a weak or negative 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)
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 |
|---|---|---|---|
| 9.33 | 8.58 | 0.75 (8.04%) | 12.44% |
| An entry @9.33. This is a Buy Stop order right above the resistance zone. | An exit @8.58. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.75 points, which is 8.04%. | For a 1.00% total portfolio risk, you can invest 12.44% of your capital in this trade. |
- 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.
8.66
+0.06 (+0.7%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg0.7%
1 Week-4.73%
2 Weeks-5.77%
1 Month0.7%
3 Month-1.14%
6 Month48.03%
12 Month47.03%
2 Year-34.24%
3 Year-68.95%
5 Year-74.48%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.48
ATR(20)%6.77%
ATR Inc-8.54%
Range Today0.39
ADR(20)0.57
ADR(20)%6.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82
3 months CRS32.9
6 months CRS91.41
Mansfield3.09
10 Day High9.47
10 Day Low8.43
20 Day High9.76
20 Day Low7.87
52 Week High11.36
52 Week Low2.71
CS1 End8.62
CR1 Start9.15
Volume & EV
DER(3)-2.03%
DER(5)-1.67%
Volume3.60M
Volume Incr-4.34%
Vol(5)3.47M
Vol(50)4.59M
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.
Can you provide the trend direction for SHOALS TECHNOLOGIES GROUP -A?
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 48.6066. This indicates that the stock is currently neutral.
What is the short term momentum for SHOALS TECHNOLOGIES GROUP -A (SHLS) stock?
The short term momentum for SHOALS TECHNOLOGIES GROUP -A (SHLS) is neutral.