Shaw Communications Inc (SJR-B.CA) Stock Technical Analysis
TSX:SJR-B - Toronto Stock Exchange - CA82028K2002 - Common Stock - Currency: CAD
Overall SJR-B gets a technical rating of 7 out of 10. Although SJR-B is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
A new 52 week high is currently being made by SJR-B, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
SJR-B has an average volume of 2065200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, SJR-B did better than 79% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
SJR-B is part of the Media industry. There are 9 other stocks in this industry, SJR-B did better than 62% of them.
In the last month SJR-B has a been trading in a tight range between 38.77 and 40.49.
Volume is considerably higher in the last couple of days.
Although SJR-B has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
37.75
40.89
We found 1 important support area.
- A support zone ranging from 38.13 to 39.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 40.49 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-B.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SJR-B.CA is up. |
| ChartMill Relative Strength | 79.7 | POSITIVE | SJR-B.CA has a high relative strength, it outperformed 79.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SJR-B.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SJR-B.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SJR-B.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 75.01 | OVERBOUGHT | The high RSI value suggests SJR-B.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests SJR-B.CA has a positive trend. |
| Stochastics (14,3) | 99.22 | OVERBOUGHT | The high Stochastics value suggests SJR-B.CA may be overbought. |
| Average True Range in percent/ATR (20) | 0.79 | LOW VOLATILITY | The low ATR as a percentage value for SJR-B.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 19.29 | NEGATIVE | The low ADX value for SJR-B.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:SJR-B (4/4/2023, 7:00:00 PM)
40.48
+0.01 (+0.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg0.02%
1 Week3.42%
2 Weeks3.53%
1 Month3.21%
3 Month4.65%
6 Month19.45%
12 Month2.64%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.33
ATR(20)%0.79%
ATR Inc-88.88%
Range Today0.02
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
CRS79.7
Mansfield0.69
10 Day High40.49
10 Day Low38.77
20 Day High40.49
20 Day Low38.77
52 Week High40.49
52 Week Low32.96
CS1 End39.46
CR1 Start40.49
Volume & EV
DER(3)2.06%
DER(5)4.65%
Volume6.72M
Volume Incr215.56%
Vol(5)4.38M
Vol(50)2.07M