SOURCE ENERGY SERVICES LTD (SHLE.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:SHLE - CA83615X4075 - Common Stock
We assign a technical rating of 8 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 long and short term trends are both positive. This is looking good!
- SHLE is part of the Energy Equipment & Services industry. There are 27 other stocks in this industry. SHLE outperforms 76% of them.
- 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.
- SHLE is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- When compared to the yearly performance of all other stocks, SHLE outperforms 68% of them, which is more or less in line with the market.
SHLE has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
10.83
2 important support areas can be observed.
- A support zone ranging from 13.99 to 14.23. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @10.94 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 16.90 to 17.13. 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 | UP | POSITIVE | The short term trend for SHLE.CA is up. |
| ChartMill Relative Strength | 68.88 | NEUTRAL | SHLE.CA is not amongst the best or worst performers 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) | 64.19 | 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) | 82.76 | OVERBOUGHT | The high Stochastics value suggests SHLE.CA may be overbought. |
| Average True Range in percent/ATR (20) | 4.13 | MEDIUM VOLATILITY | The ATR as a percentage value for SHLE.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 22.99 | NEUTRAL | The ADX value for SHLE.CA suggests a possible start of a new trend. |
TSX:SHLE (1/20/2026, 7:00:00 PM)
16.66
+0.16 (+0.97%)
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 64.1869. 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 -0.00274186, 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.