Shaw Communications Inc (SJR-A.CA) Stock Technical Analysis
Canada - TSX Venture Exchange - TSX-V:SJR-A - CA82028K1012 - Common Stock
Overall SJR-A gets a technical rating of 9 out of 10. Both in the recent history as in the last year, SJR-A has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although SJR-A 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.
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32.73
When analyzing the support we can see 5 important areas.
- 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.
We found 1 important resistance 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.
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. |
TSX-V:SJR-A (4/4/2023, 7:00:00 PM)
40.42
-0.06 (-0.15%)
Shaw Communications Inc / SJR-A.CA 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 trend direction for SJR-A 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 buy/sell signal for SJR-A stock?
The buy/sell signal for Shaw Communications Inc (SJR-A.CA) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for Shaw Communications Inc (SJR-A.CA) 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.