SOURCE ENERGY SERVICES LTD (SHLE.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:SHLE - CA83615X4075 - Common Stock
Taking everything into account, SHLE scores 8 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, SHLE is only an average performer.
Although SHLE has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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10.92
3 important support areas can be observed.
- A support zone ranging from 14.79 to 15.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 14.19 to 14.23. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @11.03 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 15.56 to 15.56. 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 SHLE.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SHLE.CA is up. |
| ChartMill Relative Strength | 45.62 | NEUTRAL | SHLE.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SHLE.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SHLE.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SHLE.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.28 | NEUTRAL | The RSI value for SHLE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests SHLE.CA has a positive trend. |
| Stochastics (14,3) | 70.9 | NEUTRAL | The Stochastics value for SHLE.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.15 | HIGH VOLATILITY | The high ATR as a percentage value for SHLE.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 37.44 | POSITIVE | The high ADX value value for SHLE.CA suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 15.57 | 14.78 | 0.79 (5.07%) | 19.71% |
| An entry @15.57. This is a Buy Stop order right above the resistance zone. | An exit @14.78. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.79 points, which is 5.07%. | When investing 19.71% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of SHLE. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:SHLE (12/24/2025, 7:00:00 PM)
15.26
+0.4 (+2.69%)
SOURCE ENERGY SERVICES LTD / SHLE.CA FAQ
What is the ChartMill technical rating of SOURCE ENERGY SERVICES LTD (SHLE.CA) stock?
ChartMill assigns a technical rating of 8 / 10 to SHLE.CA.
What is the current trend direction of SOURCE ENERGY SERVICES LTD (SHLE.CA) stock?
The current trend direction for SOURCE ENERGY SERVICES LTD (SHLE.CA) is Bullish.
What is the RSI signal for SOURCE ENERGY SERVICES LTD (SHLE.CA) stock?
SOURCE ENERGY SERVICES LTD (SHLE.CA) has an RSI value of 66.2786. This indicates that the stock is currently neutral.
Can you provide the MACD signal for SOURCE ENERGY SERVICES LTD?
The MACD indicator for SOURCE ENERGY SERVICES LTD (SHLE.CA) has a value of 0.0068727, indicating a bearish trend.
Can you provide the short term momentum for SOURCE ENERGY SERVICES LTD?
The short term momentum for SOURCE ENERGY SERVICES LTD (SHLE.CA) is positive.