SOURCE ENERGY SERVICES LTD (SHLE.CA) Stock Technical Analysis
Canada • Toronto Stock Exchange • TSX:SHLE • CA83615X4075
We assign a technical rating of 7 out of 10 to SHLE. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, SHLE is only an average performer.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- SHLE is one of the better performing stocks in the Energy Equipment & Services industry, it outperforms 73% of 27 stocks in the same industry.
- 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.
- When comparing the yearly performance of all stocks, we notice that SHLE is one of the better performing stocks in the market, outperforming 74% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- In the last month SHLE has a been trading in the 15.62 - 17.49 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
SHLE has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 17.13. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 15.62, 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
10.96
When analyzing the support we can see 3 important areas.
- A support zone ranging from 15.26 to 15.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @14.19 from a horizontal line in the daily time frame.
- Support @11.07 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 17.13 to 17.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The short term trend for SHLE.CA is neutral. |
| ChartMill Relative Strength | 74.03 | POSITIVE | SHLE.CA has a high relative strength, it outperformed 74.03% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SHLE.CA is below 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) | 51.41 | NEUTRAL | The RSI value for SHLE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests SHLE.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.17 | NEUTRAL | The Stochastics value for SHLE.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.87 | MEDIUM VOLATILITY | The ATR as a percentage value for SHLE.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 14.54 | NEGATIVE | The low ADX value for SHLE.CA suggests a weak or negative 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 | 15.61 | 1.70 (9.82%) | 10.18% |
| An entry @17.31. This is a Buy Stop order right above the resistance zone. | An exit @15.61. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.70 points, which is 9.82%. | For a 1.00% total portfolio risk, you can invest 10.18% of your capital in this trade. |
- 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 (2/6/2026, 7:00:00 PM)
16.21
+0.59 (+3.78%)
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 7 / 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 51.4104. 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 -0.146835, indicating a bearish trend.