SJR-B Technical Analysis - Shaw Communications Inc

Technical Rating and Analysis

Taking everything into account, SJR-B scores 7 out of 10 in our technical rating. 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.

Both the short term and long term trends are positive. This is a very positive sign.

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.

When comparing the yearly performance of all stocks, we notice that SJR-B is one of the better performing stocks in the market, outperforming 79% of all stocks. However, this overall good ranking is mostly due to the recent strong 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.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Shaw Communications Inc / SJR-B Weekly stock chart

Shaw Communications Inc / SJR-B Daily stock chart

Setup Rating and Analysis

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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

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.

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What is Support and Resistance

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Technical Indicator Signal Analysis

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.