SOURCE ENERGY SERVICES LTD (SHLE.CA) Stock Technical Analysis
Canada - TSX:SHLE - CA83615X4075 - Common Stock
12.01 CAD
+0.03 (+0.25%)
We assign a technical rating of 0 out of 10 to SHLE. SHLE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
85% of all other stocks performed better in the past year than SHLE.
SHLE is part of the Energy Equipment & Services industry. There are 28 other stocks in this industry, of which 62% are performing better than SHLE.
In the last month SHLE has a been trading in the 11.96 - 14.45 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
Warning: SHLE has an average volume of 27297 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
SHLE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SHLE is lagging the market.
The technical rating of SHLE is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
8.60
15.42
2 important support areas can be observed.
- A support zone ranging from 11.97 to 11.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.69 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 13.84 to 14.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @15.27 from a trend line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for SHLE.CA is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SHLE.CA is down. |
| ChartMill Relative Strength | 15.05 | NEGATIVE | SHLE.CA has a low relative strength, it was outperformed by 84.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SHLE.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SHLE.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SHLE.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 31.97 | NEUTRAL | The RSI value for SHLE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests SHLE.CA has a negative trend. |
| Stochastics (14,3) | 0.72 | OVERSOLD | The low Stochastics value suggests SHLE.CA may be oversold. |
| Average True Range in percent/ATR (20) | 4.03 | MEDIUM VOLATILITY | The ATR as a percentage value for SHLE.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 18.55 | NEGATIVE | The low ADX value for SHLE.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:SHLE (10/15/2025, 7:00:00 PM)
12.01
+0.03 (+0.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg0.25%
1 Week-11.17%
2 Weeks-12.72%
1 Month-13.78%
3 Month-13.47%
6 Month26.02%
12 Month4.07%
2 Year93.71%
3 Year552.72%
5 Year1439.74%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.51
ATR(20)%4.03%
ATR Inc-50.69%
Range Today0.24
ADR(20)0.45
ADR(20)%3.77%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.05
Mansfield-1.65
10 Day High14.29
10 Day Low11.96
20 Day High14.45
20 Day Low11.96
52 Week High18.1
52 Week Low6.79
CS1 End11.99
CR1 Start13.84
Volume & EV
DER(3)3.3%
DER(5)11.94%
Volume19.96K
Volume Incr143.6%
Vol(5)48.09K
Vol(50)27.30K