Shaw Communications Inc (SJR-A.CA) Stock Technical Analysis
Canada - TSX Venture Exchange - TSX-V:SJR-A - CA82028K1012 - Common Stock
We assign a technical rating of 9 out of 10 to SJR-A. 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 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
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.
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.
Can you provide the trend direction for Shaw Communications Inc?
The current trend direction for Shaw Communications Inc (SJR-A.CA) is Bullish.
What is the RSI signal for SJR-A stock?
Shaw Communications Inc (SJR-A.CA) has an RSI value of 63.2549. This indicates that the stock is currently neutral.
Can you provide the MACD signal for Shaw Communications Inc?
The MACD indicator for Shaw Communications Inc (SJR-A.CA) has a value of 0.0762999, indicating a bearish trend.
Can you provide the short term momentum for Shaw Communications Inc?
The short term momentum for Shaw Communications Inc (SJR-A.CA) is positive.