SHAW COMMUNICATIONS INC-B (SJR) Stock Technical Analysis
NYSE:SJR - New York Stock Exchange, Inc. - CA82028K2002 - Common Stock - Currency: USD
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.
Both the short term and long term trends are positive. This is a very positive sign.
SJR is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SJR is lagging the market slightly.
In the last month SJR has a been trading in the 28.21 - 30.18 range, which is quite wide. It is currently trading near the high of this range.
SJR has an average volume of 1307560 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 did better than 73% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
SJR is part of the Media industry. There are 97 other stocks in this industry, SJR did better than 65% of them.
Volume is considerably higher in the last couple of days.
Although SJR 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
28.05
30.49
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.
We found 1 important resistance 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. |
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)
30.18
+0.27 (+0.9%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg0.9%
1 Week5.67%
2 Weeks5.52%
1 Month4.79%
3 Month4.97%
6 Month22.24%
12 Month-3.73%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.34
ATR(20)%1.14%
ATR Inc111.92%
Range Today0.2
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
CRS73.88
Mansfield0.51
10 Day High30.18
10 Day Low28.24
20 Day High30.18
20 Day Low28.21
52 Week High31.37
52 Week Low23.64
CS1 End29.09
CR1 Start30.19
Volume & EV
DER(3)3.44%
DER(5)2.56%
Volume6.35M
Volume Incr205.3%
Vol(5)2.74M
Vol(50)1.31M