SOURCE ENERGY SERVICES LTD (SHLE.CA) Technical Analysis
TSX:SHLE • CA83615X4075
Current stock price
SHLE.CA Technical Rating and Analysis
We assign a technical rating of 1 out of 10 to SHLE. SHLE has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- SHLE is part of the Energy Equipment & Services industry. There are 27 other stocks in this industry, of which 65% are performing better than SHLE.
- SHLE is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- Warning: SHLE has an average volume of 23960 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- When compared to the yearly performance of all other stocks, SHLE outperforms 67% of them, which is more or less in line with the market.
- SHLE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SHLE is lagging the market.
- Considerably lower volume is observed in the last couple of days.
SHLE.CA Weekly and Daily overview Charts
SHLE.CA Setup Rating and Analysis
Although the technical rating is bad, SHLE does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 15.23. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 15.00, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for SHLE in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
SHLE.CA Support and Resistance Analysis
14.09
We found 1 important support area.
- A support zone ranging from 14.23 to 15.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 15.23 to 15.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @17.61 from a horizontal line in the weekly time frame.
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 | 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 | 67.76 | NEUTRAL | SHLE.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SHLE.CA is above 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) | UP | POSITIVE | The current price of SHLE.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.99 | NEUTRAL | The RSI value for SHLE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests SHLE.CA has a positive trend. |
| Stochastics (14,3) | 70.69 | NEUTRAL | The Stochastics value for SHLE.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.82 | MEDIUM VOLATILITY | The ATR as a percentage value for SHLE.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 31.51 | 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 (4/17/2026, 7:00:00 PM)
15.22
+0.08 (+0.53%)
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 1 / 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 Bearish.
Can you provide the RSI signal for SOURCE ENERGY SERVICES LTD?
SOURCE ENERGY SERVICES LTD (SHLE.CA) has an RSI value of 47.9902. 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 negative.
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 and a resistance level at 15.23. Check the full technical report for our detailed analysis of SHLE.CA support and resistance levels.