SHYFT GROUP INC/THE (SHYF) Technical Analysis
NASDAQ:SHYF • US8256981031
Current stock price
SHYF Technical Rating and Analysis
We assign a technical rating of 9 out of 10 to SHYF. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SHYF is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- SHYF is part of the Machinery industry. There are 131 other stocks in this industry. SHYF outperforms 86% of them.
- In the last month SHYF has a been trading in the 10.36 - 13.00 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the yearly performance of all stocks, we notice that SHYF is one of the better performing stocks in the market, outperforming 89% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- SHYF 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 SHYF is lagging the market slightly.
SHYF Weekly and Daily overview Charts
SHYF Setup Rating and Analysis
Although SHYF has an excellent technical rating, the quality of the presented setup is not ideal 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
SHYF Support and Resistance Analysis
11.68
When analyzing the support we notice one important area.
- A support zone ranging from 11.80 to 12.02. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 12.54 to 12.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @13.66 from a trend line in the weekly time frame.
SHYF 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 | UP | POSITIVE | The long term trend for SHYF is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SHYF is up. |
| ChartMill Relative Strength | 89.1 | POSITIVE | SHYF has a high relative strength, it outperformed 89.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SHYF is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SHYF is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SHYF is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69.74 | NEUTRAL | The RSI value for SHYF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests SHYF has a negative trend. |
| Stochastics (14,3) | 76.33 | NEUTRAL | The Stochastics value for SHYF is a neutral value. |
| Average True Range in percent/ATR (20) | 3.52 | MEDIUM VOLATILITY | The ATR as a percentage value for SHYF suggests some volalility. |
| Average Directional Index/ADX (14) | 34.05 | POSITIVE | The high ADX value value for SHYF suggests a strong trend. |
SHYF Chart- and CandleStick Pattern Analysis
SHYF Technicals: Chart, Performance Metrics, Trend & Indicators
12.54
-0.1 (-0.79%)
SHYFT GROUP INC/THE / SHYF TA FAQ
Can you provide the ChartMill technical rating for SHYFT GROUP INC/THE?
ChartMill assigns a technical rating of 9 / 10 to SHYF.
Can you provide the trend direction for SHYFT GROUP INC/THE?
The current trend direction for SHYFT GROUP INC/THE (SHYF) is Bullish.
What is the RSI signal for SHYFT GROUP INC/THE (SHYF) stock?
SHYFT GROUP INC/THE (SHYF) has an RSI value of 69.7361. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for SHYFT GROUP INC/THE?
The buy/sell signal for SHYFT GROUP INC/THE (SHYF) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for SHYFT GROUP INC/THE (SHYF) stock?
SHYFT GROUP INC/THE (SHYF) has a support level at 12.02 and a resistance level at 12.54. Check the full technical report for our detailed analysis of SHYF support and resistance levels.