SHOALS TECHNOLOGIES GROUP -A (SHLS) Technical Analysis
NASDAQ:SHLS • US82489W1071
Current stock price
SHLS Technical Rating and Analysis
We assign a technical rating of 5 out of 10 to SHLS. Although SHLS is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- SHLS is part of the Electrical Equipment industry. There are 92 other stocks in this industry. SHLS outperforms 70% of them.
- SHLS has an average volume of 5157250 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 90% of all other stocks. We also observe that the gains produced by SHLS over the past year are nicely spread over this period. However, we also see that SHLS couldn't keep up this performance in the last couple of months.
- SHLS is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SHLS is lagging the market slightly.
- In the last month SHLS has a been trading in the 5.43 - 7.43 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
SHLS has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
SHLS Support and Resistance Analysis
5.75
When analyzing the support we can see 2 important areas.
- A support zone ranging from 6.07 to 6.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 5.81 to 5.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- 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 | DOWN | NEGATIVE | The short term trend for SHLS is down. |
| ChartMill Relative Strength | 90.26 | POSITIVE | SHLS has a high relative strength, it outperformed 90.26% 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) | 48.42 | NEUTRAL | The RSI value for SHLS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests SHLS has a positive trend. |
| Stochastics (14,3) | 72.09 | NEUTRAL | The Stochastics value for SHLS is a neutral value. |
| Average True Range in percent/ATR (20) | 6.57 | HIGH VOLATILITY | The high ATR as a percentage value for SHLS suggests high volalility. |
| Average Directional Index/ADX (14) | 29.17 | POSITIVE | The high ADX value value for SHLS suggests a strong trend. |
SHLS Chart- and CandleStick Pattern Analysis
SHLS Technicals: Chart, Performance Metrics, Trend & Indicators
6.85
+0.61 (+9.78%)
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.
Can you provide the RSI signal for SHOALS TECHNOLOGIES GROUP -A?
SHOALS TECHNOLOGIES GROUP -A (SHLS) has an RSI value of 48.4244. 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 negative.
Can you provide the buy/sell signal for SHOALS TECHNOLOGIES GROUP -A?
The buy/sell signal for SHOALS TECHNOLOGIES GROUP -A (SHLS) is sell as both the short term and long term trends are negative.