SHAW COMMUNICATIONS INC-B (SJR) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SJR - CA82028K2002 - Common Stock
Overall SJR gets a technical rating of 7 out of 10. Although SJR is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although SJR has an excellent technical rating, it does not offer a high quality setup 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
28.05
When analyzing the support we notice one important area.
- A support zone ranging from 28.33 to 29.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @30.19 from a horizontal line in the weekly time frame.
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 is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SJR is up. |
| ChartMill Relative Strength | 73.88 | POSITIVE | SJR has a high relative strength, it outperformed 73.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SJR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SJR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SJR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 74.62 | OVERBOUGHT | The high RSI value suggests SJR may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests SJR has a positive trend. |
| Stochastics (14,3) | 91.81 | OVERBOUGHT | The high Stochastics value suggests SJR may be overbought. |
| Average True Range in percent/ATR (20) | 1.14 | LOW VOLATILITY | The low ATR as a percentage value for SJR suggests low volalility. |
| Average Directional Index/ADX (14) | 25.72 | POSITIVE | The high ADX value value for SJR suggests a strong trend. |
30.18
+0.27 (+0.9%)
SHAW COMMUNICATIONS INC-B / SJR FAQ
What is the technical rating for SJR stock?
ChartMill assigns a technical rating of 7 / 10 to SJR.
Can you provide the trend direction for SHAW COMMUNICATIONS INC-B?
The current trend direction for SHAW COMMUNICATIONS INC-B (SJR) is Bullish.
What is the RSI signal for SHAW COMMUNICATIONS INC-B (SJR) stock?
SHAW COMMUNICATIONS INC-B (SJR) has an RSI value of 74.6247. This indicates that the stock is currently overbought.
What is the buy/sell signal for SHAW COMMUNICATIONS INC-B (SJR) stock?
The buy/sell signal for SHAW COMMUNICATIONS INC-B (SJR) is buy as both the short term and long term trends are positive.
What is the support and resistance level for SJR stock?
SHAW COMMUNICATIONS INC-B (SJR) has a support level at 29.09 and a resistance level at 30.19. Check the full technical report for our detailed analysis of SJR support and resistance levels.