SOURCE ENERGY SERVICES LTD (SHLE.CA) Technical Analysis
TSX:SHLE • CA83615X4075
Current stock price
SHLE.CA Technical Rating and Analysis
Taking everything into account, SHLE scores 8 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SHLE is showing a nice and steady performance.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- Warning: SHLE has an average volume of 22597 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that SHLE is one of the better performing stocks in the market, outperforming 76% of all stocks. On top of that, SHLE also shows a nice and consistent pattern of rising prices.
- 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 13.92 - 16.99 range, which is quite wide. It is currently trading near the high of this range.
- SHLE is an average performer in the Energy Equipment & Services industry, it outperforms 43% of 26 stocks in the same industry.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
SHLE.CA Weekly and Daily overview Charts
SHLE.CA Setup Rating and Analysis
Although SHLE 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
SHLE.CA Support and Resistance Analysis
12.96
We found 3 important support areas.
- A support zone ranging from 15.15 to 15.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 14.23 to 14.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @13.09 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 17.61 to 17.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
SHLE.CA Technical Indicator Signal Analysis
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 | 76.88 | POSITIVE | SHLE.CA has a high relative strength, it outperformed 76.88% off all stocks 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) | DOWN | MIXED | The current price of SHLE.CA is above a declining 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) | 66.72 | NEUTRAL | The RSI value for SHLE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.26 | POSITIVE | The MACD value suggests SHLE.CA has a positive trend. |
| Stochastics (14,3) | 93.73 | OVERBOUGHT | The high Stochastics value suggests SHLE.CA may be overbought. |
| Average True Range in percent/ATR (20) | 3.73 | MEDIUM VOLATILITY | The ATR as a percentage value for SHLE.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 26.27 | POSITIVE | The high ADX value value for SHLE.CA suggests a strong trend. |
SHLE.CA Chart- and CandleStick Pattern Analysis
SHLE.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:SHLE (4/27/2026, 7:00:00 PM)
16.77
+0.53 (+3.26%)
SOURCE ENERGY SERVICES LTD / SHLE.CA TA 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.
Can you provide the trend direction for SOURCE ENERGY SERVICES LTD?
The current trend direction for SOURCE ENERGY SERVICES LTD (SHLE.CA) is Bullish.
Can you provide the RSI signal for SOURCE ENERGY SERVICES LTD?
SOURCE ENERGY SERVICES LTD (SHLE.CA) has an RSI value of 66.7243. This indicates that the stock is currently neutral.
What is the short term momentum for SHLE stock?
The short term momentum for SOURCE ENERGY SERVICES LTD (SHLE.CA) is positive.
Can you provide the support and resistance levels for SOURCE ENERGY SERVICES LTD?
SOURCE ENERGY SERVICES LTD (SHLE.CA) has a support level at 15.19 and a resistance level at 17.61. Check the full technical report for our detailed analysis of SHLE.CA support and resistance levels.