SOURCE ENERGY SERVICES LTD (SHLE.CA) Stock Technical Analysis
Canada - TSX:SHLE - CA83615X4075 - Common Stock
Taking everything into account, SHLE scores 0 out of 10 in our technical rating. SHLE's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
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
8.70
We found 1 important support area.
- Support @8.79 from a trend line in the weekly time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 12.22 to 12.27. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @13.43 from a trend line in the daily time frame.
- Resistance @13.68 from a trend line in the weekly time frame.
- Resistance @14.11 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 | 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 | 8.04 | NEGATIVE | SHLE.CA has a low relative strength, it was outperformed by 91.96% 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) | 34.06 | NEUTRAL | The RSI value for SHLE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests SHLE.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 45.48 | NEUTRAL | The Stochastics value for SHLE.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.6 | HIGH VOLATILITY | The high ATR as a percentage value for SHLE.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 17.08 | NEGATIVE | The low ADX value for SHLE.CA suggests a weak or negative trend. |
TSX:SHLE (11/7/2025, 7:00:00 PM)
10.71
-1.5 (-12.29%)
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 0 / 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 Bearish.
What is the RSI signal for SOURCE ENERGY SERVICES LTD (SHLE.CA) stock?
SOURCE ENERGY SERVICES LTD (SHLE.CA) has an RSI value of 34.0585. 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 0.0246783, 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 negative.