Shaw Communications Inc (SJR-A.CA) Technical Analysis
TSX-V:SJR-A • CA82028K1012
Current stock price
SJR-A.CA Technical Rating and Analysis
Taking everything into account, SJR-A scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SJR-A is showing a nice and steady performance.
- Warning: SJR-A has an average volume of 1171 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- Both the short term and long term trends are positive. This is a very positive sign.
- SJR-A is one of the better performing stocks in the Media industry, it outperforms 80% of 11 stocks in the same industry.
- SJR-A is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month SJR-A has a been trading in the 37.45 - 40.74 range, which is quite wide. It is currently trading near the high of this range.
- Looking at the yearly performance, SJR-A did better than 86% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
- Volume is considerably higher in the last couple of days.
SJR-A.CA Weekly and Daily overview Charts
SJR-A.CA Setup Rating and Analysis
Although SJR-A has an excellent technical rating, it does not present a decent entry opportunity 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
SJR-A.CA Support and Resistance Analysis
32.73
5 important support areas can be observed.
- A support zone ranging from 38.25 to 39.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @36.36 from a trend line in the weekly time frame.
- Support @35.00 from a horizontal line in the weekly time frame.
- Support @34.00 from a horizontal line in the weekly time frame.
- Support @33.06 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 40.43 to 40.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
SJR-A.CA 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 SJR-A.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SJR-A.CA is up. |
| ChartMill Relative Strength | 86.38 | POSITIVE | SJR-A.CA has a high relative strength, it outperformed 86.38% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SJR-A.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SJR-A.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SJR-A.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.25 | NEUTRAL | The RSI value for SJR-A.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests SJR-A.CA has a positive trend. |
| Stochastics (14,3) | 90.68 | OVERBOUGHT | The high Stochastics value suggests SJR-A.CA may be overbought. |
| Average True Range in percent/ATR (20) | 1.03 | LOW VOLATILITY | The low ATR as a percentage value for SJR-A.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 12.73 | NEGATIVE | The low ADX value for SJR-A.CA suggests a weak or negative trend. |
SJR-A.CA Chart- and CandleStick Pattern Analysis
SJR-A.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX-V:SJR-A (4/4/2023, 7:00:00 PM)
40.42
-0.06 (-0.15%)
Shaw Communications Inc / SJR-A.CA TA FAQ
What is the technical rating for SJR-A stock?
ChartMill assigns a technical rating of 8 / 10 to SJR-A.CA.
What is the current trend direction of Shaw Communications Inc (SJR-A.CA) stock?
The current trend direction for Shaw Communications Inc (SJR-A.CA) is Bullish.
What is the RSI signal for Shaw Communications Inc (SJR-A.CA) stock?
Shaw Communications Inc (SJR-A.CA) has an RSI value of 63.2549. This indicates that the stock is currently neutral.
What is the MACD signal for Shaw Communications Inc (SJR-A.CA) stock?
The MACD indicator for Shaw Communications Inc (SJR-A.CA) has a value of 0.0762999, indicating a bearish trend.
What is the support and resistance level for SJR-A stock?
Shaw Communications Inc (SJR-A.CA) has a support level at 39.44 and a resistance level at 40.43. Check the full technical report for our detailed analysis of SJR-A.CA support and resistance levels.