We assign a technical rating of 8 out of 10 to SHPG. SHPG has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
Although SHPG has an excellent technical rating, it does not present a decent entry opportunity 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
164.55
When analyzing the support we can see 3 important areas.
- Support @179.03 from a trend line in the weekly time frame.
- A support zone ranging from 172.50 to 174.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 166.21 to 166.28. 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 179.39 to 181.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for SHPG is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SHPG is neutral. |
| ChartMill Relative Strength | 89.69 | POSITIVE | SHPG has a high relative strength, it outperformed 89.69% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SHPG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SHPG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SHPG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.72 | NEUTRAL | The RSI value for SHPG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.75 | POSITIVE | The MACD value suggests SHPG has a positive trend. |
| Stochastics (14,3) | 70.47 | NEUTRAL | The Stochastics value for SHPG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.15 | MEDIUM VOLATILITY | The ATR as a percentage value for SHPG suggests some volalility. |
179.2
+7.05 (+4.1%)
SHIRE PLC / SHPG FAQ
What is the ChartMill technical rating of SHIRE PLC (SHPG) stock?
ChartMill assigns a technical rating of 7 / 10 to SHPG.
What is the trend direction for SHPG stock?
The current trend direction for SHIRE PLC (SHPG) is Bearish.
What is the RSI signal for SHIRE PLC (SHPG) stock?
SHIRE PLC (SHPG) has an RSI value of 58.7184. This indicates that the stock is currently neutral.
What is the MACD signal for SHIRE PLC (SHPG) stock?
The MACD indicator for SHIRE PLC (SHPG) has a value of 0.753428, indicating a bearish trend.
What is the short term momentum for SHIRE PLC (SHPG) stock?
The short term momentum for SHIRE PLC (SHPG) is neutral.