SHOALS TECHNOLOGIES GROUP -A (SHLS) Technical Analysis
NASDAQ:SHLS • US82489W1071
Current stock price
6.87 USD
-0.21 (-2.97%)
At close:
6.87 USD
0 (0%)
After Hours:
SHLS Technical Rating and Analysis
Taking everything into account, SHLS scores 5 out of 10 in our technical rating. In the past year, SHLS was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
- Looking at the yearly performance, SHLS did better than 85% of all other stocks.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- SHLS has an average volume of 5544080 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
- SHLS is part of the Electrical Equipment industry. There are 92 other stocks in this industry, SHLS did better than 65% of them.
- 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 6.11 - 7.64 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SHLS Weekly and Daily overview Charts
SHLS Setup Rating and Analysis
Although the technical rating is only medium, SHLS does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
SHLS Support and Resistance Analysis
5.91
10.96
When analyzing the support we can see 3 important areas.
- Support @6.40 from a horizontal line in the daily time frame.
- Support @6.10 from a trend line in the weekly time frame.
- Support @5.97 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 6.96 to 7.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 10.75 to 10.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
SHLS 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 | DOWN | NEGATIVE | The long term trend for SHLS is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SHLS is up. |
| ChartMill Relative Strength | 85.53 | POSITIVE | SHLS has a high relative strength, it outperformed 85.53% 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 | NEGATIVE | The current price of SHLS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of SHLS is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.79 | NEUTRAL | The RSI value for SHLS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests SHLS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 58.1 | NEUTRAL | The Stochastics value for SHLS is a neutral value. |
| Average True Range in percent/ATR (20) | 6.35 | HIGH VOLATILITY | The high ATR as a percentage value for SHLS suggests high volalility. |
| Average Directional Index/ADX (14) | 13.11 | NEGATIVE | The low ADX value for SHLS suggests a weak or negative trend. |
SHLS Chart- and CandleStick Pattern Analysis
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)
SHLS Technicals: Chart, Performance Metrics, Trend & Indicators
6.87
-0.21 (-2.97%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg-2.97%
1 Week6.15%
2 Weeks7.93%
1 Month16.07%
3 Month-23.21%
6 Month-34.14%
12 Month94.51%
2 Year-16.21%
3 Year-66.11%
5 Year-77.92%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.44
ATR(20)%6.35%
ATR Inc-15.88%
Range Today0.55
ADR(20)0.41
ADR(20)%6.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.53
3 months CRS12.45
6 months CRS13.6
Mansfield-0.89
10 Day High7.64
10 Day Low6.33
20 Day High7.64
20 Day Low6.11
52 Week High11.36
52 Week Low3.5
CS1 End6.4
CR1 Start7.17
Volume & EV
DER(3)-0.97%
DER(5)-1.07%
Volume5.29M
Volume Incr122.27%
Vol(5)8.63M
Vol(50)5.54M
SHOALS TECHNOLOGIES GROUP -A / SHLS TA FAQ
Can you provide the ChartMill technical rating for SHOALS TECHNOLOGIES GROUP -A?
ChartMill assigns a technical rating of 5 / 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 Bearish.
What is the RSI signal for SHLS stock?
SHOALS TECHNOLOGIES GROUP -A (SHLS) has an RSI value of 52.7865. 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 0.0981419, indicating a bearish trend.
What is the short term momentum for SHLS stock?
The short term momentum for SHOALS TECHNOLOGIES GROUP -A (SHLS) is positive.