SOURCE ENERGY SERVICES LTD (SHLE.CA) Stock Technical Analysis
Canada • Toronto Stock Exchange • TSX:SHLE • CA83615X4075
Taking everything into account, SHLE scores 7 out of 10 in our technical rating. Although SHLE is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- SHLE 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 SHLE is lagging the market slightly.
- In the last month SHLE has a been trading in the 14.01 - 17.30 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- When comparing the performance of all stocks over the past year, SHLE turns out to be only a medium performer in the overall market: it outperformed 69% of all stocks.
- SHLE is an average performer in the Energy Equipment & Services industry, it outperforms 61% of 27 stocks in the same industry.
- Considerably lower volume is observed in the last couple of days.
SHLE has an excellent technical rating, but the quality of the setup is only medium 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.
More info and screens
10.90
We found 4 important support areas.
- A support zone ranging from 16.24 to 16.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @15.64 from a horizontal line in the daily time frame.
- Support @14.19 from a horizontal line in the daily time frame.
- Support @11.01 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 16.90 to 17.13. 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 | NEUTRAL | NEUTRAL | The short term trend for SHLE.CA is neutral. |
| ChartMill Relative Strength | 69.12 | 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) | 57.19 | NEUTRAL | The RSI value for SHLE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests SHLE.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 38.18 | NEUTRAL | The Stochastics value for SHLE.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.26 | MEDIUM VOLATILITY | The ATR as a percentage value for SHLE.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 17.5 | NEGATIVE | The low ADX value for SHLE.CA suggests a weak or negative trend. |
TSX:SHLE (1/29/2026, 7:00:00 PM)
16.51
+0.87 (+5.56%)
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 7 / 10 to SHLE.CA.
Can you provide the trend direction for SOURCE ENERGY SERVICES LTD?
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 57.1892. This indicates that the stock is currently neutral.
What is the MACD signal for SOURCE ENERGY SERVICES LTD (SHLE.CA) stock?
The MACD indicator for SOURCE ENERGY SERVICES LTD (SHLE.CA) has a value of -0.152242, indicating a bearish trend.