SOURCE ENERGY SERVICES LTD (SHLE.CA) Stock Technical Analysis
TSX:SHLE • CA83615X4075
Overall SHLE gets a technical rating of 8 out of 10. 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.
- Warning: SHLE has an average volume of 27376 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- When comparing the yearly performance of all stocks, we notice that SHLE is one of the better performing stocks in the market, outperforming 72% of all stocks.
- 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.
- SHLE is part of the Energy Equipment & Services industry. There are 27 other stocks in this industry, SHLE did better than 61% of them.
- In the last month SHLE has a been trading in the 15.62 - 18.40 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.
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
14.05
We found 3 important support areas.
- A support zone ranging from 16.02 to 16.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @15.62 from a horizontal line in the daily time frame.
- Support @14.19 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 17.82 to 17.92. 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 | 72.39 | POSITIVE | SHLE.CA has a high relative strength, it outperformed 72.39% 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) | 47.33 | NEUTRAL | The RSI value for SHLE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests SHLE.CA has a negative trend. |
| Stochastics (14,3) | 57.45 | NEUTRAL | The Stochastics value for SHLE.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.07 | HIGH VOLATILITY | The high ATR as a percentage value for SHLE.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 17.24 | NEGATIVE | The low ADX value for SHLE.CA suggests a weak or negative trend. |
TSX:SHLE (2/27/2026, 7:00:00 PM)
16.65
-1.25 (-6.98%)
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 47.3256. 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 -0.0902726, indicating a bearish trend.