SOURCE ENERGY SERVICES LTD (SHLE.CA) Stock Technical Analysis
Canada - TSX:SHLE - CA83615X4075 - Common Stock
Overall SHLE gets a technical rating of 0 out of 10. SHLE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, SHLE does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 10.87, 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
8.73
When analyzing the support we can see 2 important areas.
- A support zone ranging from 10.70 to 10.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.82 from a trend line in the weekly time frame.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 11.65 to 11.84. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 12.62 to 12.80. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @13.28 from a trend line in the daily time frame.
- Resistance @13.62 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 | DOWN | NEGATIVE | The long term trend for SHLE.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SHLE.CA is down. |
| ChartMill Relative Strength | 8.25 | NEGATIVE | SHLE.CA has a low relative strength, it was outperformed by 91.75% 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) | 41.84 | NEUTRAL | The RSI value for SHLE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests SHLE.CA has a negative trend. |
| Stochastics (14,3) | 39.06 | NEUTRAL | The Stochastics value for SHLE.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.27 | HIGH VOLATILITY | The high ATR as a percentage value for SHLE.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 17.82 | NEGATIVE | The low ADX value for SHLE.CA suggests a weak or negative trend. |
TSX:SHLE (11/14/2025, 7:00:00 PM)
11.22
+0.07 (+0.63%)
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 41.8412. 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 -0.00299817, 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.