Shaw Communications Inc (SJR-B.CA) Stock Technical Analysis
TSX:SJR-B • CA82028K2002
Overall SJR-B gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, SJR-B is only an average performer.
- The long and short term trends are both positive. This is looking good!
- SJR-B is part of the Media industry. There are 14 other stocks in this industry. SJR-B outperforms 84% of them.
- 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 relatively good performance is mostly due to a recent big move.
- 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
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. |
TSX:SJR-B (4/4/2023, 7:00:00 PM)
40.48
+0.01 (+0.02%)
Shaw Communications Inc / SJR-B.CA FAQ
What is the ChartMill technical rating of Shaw Communications Inc (SJR-B.CA) stock?
ChartMill assigns a technical rating of 7 / 10 to SJR-B.CA.
What is the current trend direction of Shaw Communications Inc (SJR-B.CA) stock?
The current trend direction for Shaw Communications Inc (SJR-B.CA) is Bullish.
What is the RSI signal for Shaw Communications Inc (SJR-B.CA) stock?
Shaw Communications Inc (SJR-B.CA) has an RSI value of 75.0091. This indicates that the stock is currently overbought.
What is the MACD signal for Shaw Communications Inc (SJR-B.CA) stock?
The MACD indicator for Shaw Communications Inc (SJR-B.CA) has a value of 0.164366, indicating a bearish trend.
What is the support and resistance level for SJR-B stock?
Shaw Communications Inc (SJR-B.CA) has a support level at 39.46 and a resistance level at 40.49. Check the full technical report for our detailed analysis of SJR-B.CA support and resistance levels.