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. 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 and short term trends are both positive. This is looking good!
- SHLE is one of the better performing stocks in the Energy Equipment & Services industry, it outperforms 84% of 27 stocks in the same industry.
- SHLE is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month SHLE has a been trading in the 13.58 - 17.30 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- When comparing the yearly performance of all stocks, we notice that SHLE is one of the better performing stocks in the market, outperforming 71% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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.
More info and screens
10.81
3 important support areas can be observed.
- Support @14.19 from a horizontal line in the daily time frame.
- Support @11.35 from a trend line in the daily time frame.
- Support @10.92 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 | 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 | 71.13 | POSITIVE | SHLE.CA has a high relative strength, it outperformed 71.13% 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) | 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) | 69.12 | NEUTRAL | The RSI value for SHLE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests SHLE.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.14 | OVERBOUGHT | The high Stochastics value suggests SHLE.CA may be overbought. |
| Average True Range in percent/ATR (20) | 3.92 | MEDIUM VOLATILITY | The ATR as a percentage value for SHLE.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 24.13 | NEUTRAL | The ADX value for SHLE.CA suggests a possible start of a new 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 |
|---|---|---|---|
| 17.31 | 14.00 | 3.31 (19.12%) | 5.23% |
| An entry @17.31. This is a Buy Stop order right above the 10 day high. | An exit @14.00. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 3.31 points, which is 19.12%. | When investing 5.23% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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 (1/16/2026, 7:00:00 PM)
16.9
-0.1 (-0.59%)
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.
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 69.1211. 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 0.0667491, indicating a bearish trend.
What is the buy/sell signal for SOURCE ENERGY SERVICES LTD (SHLE.CA) stock?
The buy/sell signal for SOURCE ENERGY SERVICES LTD (SHLE.CA) is buy as both the short term and long term trends are positive.