Shaw Communications Inc (SJR-A.CA) Stock Technical Analysis
Canada - TSX-V:SJR-A - CA82028K1012 - Common Stock
40.42 CAD
-0.06 (-0.15%)
Overall SJR-A gets a technical rating of 9 out of 10. 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 part of the Media industry. There are 14 other stocks in this industry. SJR-A outperforms 92% of them.
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.
When comparing the yearly performance of all stocks, we notice that SJR-A is one of the better performing stocks in the market, outperforming 86% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
Volume is considerably higher in the last couple of days.
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
40.89
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. |
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)
TSX-V:SJR-A (4/4/2023, 7:00:00 PM)
40.42
-0.06 (-0.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg-0.15%
1 Week3.64%
2 Weeks3.19%
1 Month1.81%
3 Month12.28%
6 Month13.38%
12 Month6.96%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.49
ATR(20)%1.03%
ATR Inc-87.21%
Range Today0
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.38
Mansfield0.92
10 Day High40.74
10 Day Low37.45
20 Day High40.74
20 Day Low37.45
52 Week High40.74
52 Week Low32.5
CS1 End39.44
CR1 Start40.43
Volume & EV
DER(3)12.88%
DER(5)7.73%
Volume2.60K
Volume Incr96.19%
Vol(5)2.48K
Vol(50)1.17K