SHYFT GROUP INC/THE (SHYF) Stock Technical Analysis
NASDAQ:SHYF - Nasdaq - US8256981031 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to SHYF. In the last year, SHYF was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
The long and short term trends are both positive. This is looking good!
SHYF is one of the better performing stocks in the Machinery industry, it outperforms 74% of 128 stocks in the same industry.
SHYF is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
When comparing the yearly performance of all stocks, we notice that SHYF is one of the better performing stocks in the market, outperforming 82% of all stocks. However, this overall good ranking is mostly due to the recent strong 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.
Although SHYF has an excellent technical rating, it does not offer a high quality setup 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
11.30
13.85
When analyzing the support we can see 2 important areas.
- A support zone ranging from 11.80 to 11.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @11.41 from a trend line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 11.88 to 11.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 12.22 to 12.34. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @12.59 from a horizontal line in the daily time frame.
- Resistance @13.71 from a trend line in the weekly 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 SHYF is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SHYF is up. |
| ChartMill Relative Strength | 82.89 | POSITIVE | SHYF has a high relative strength, it outperformed 82.89% 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) | DOWN | MIXED | The current price of SHYF is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.63 | NEUTRAL | The RSI value for SHYF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests SHYF has a negative trend. |
| Stochastics (14,3) | 71.33 | NEUTRAL | The Stochastics value for SHYF is a neutral value. |
| Average True Range in percent/ATR (20) | 3.93 | MEDIUM VOLATILITY | The ATR as a percentage value for SHYF suggests some volalility. |
| Average Directional Index/ADX (14) | 32.66 | POSITIVE | The high ADX value value for SHYF suggests a strong 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)
11.81
-0.36 (-2.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-2.96%
1 Week-2.88%
2 Weeks7.66%
1 Month26.04%
3 Month31.66%
6 Month3.14%
12 Month0.43%
2 Year-46.46%
3 Year-36.47%
5 Year-29.87%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.46
ATR(20)%3.93%
ATR Inc65.2%
Range Today0.54
ADR(20)0.43
ADR(20)%3.62%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.89
Mansfield-0.12
10 Day High12.94
10 Day Low11.14
20 Day High12.94
20 Day Low9.33
52 Week High17.56
52 Week Low6.82
CS1 End11.8
CR1 Start11.88
Volume & EV
DER(3)3.15%
DER(5)3.42%
Volume312.90K
Volume Incr-13.59%
Vol(5)220.24K
Vol(50)278.17K