SHOALS TECHNOLOGIES GROUP -A (SHLS) Stock Technical Analysis
NASDAQ:SHLS - Nasdaq - US82489W1071 - Common Stock - Currency: USD
Taking everything into account, SHLS scores 0 out of 10 in our technical rating. SHLS scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, SHLS is a bad performer in the overall market: 94% of all stocks are doing better.
SHLS is one of the lesser performing stocks in the Electrical Equipment industry. 75% of 93 stocks in the same industry do better.
SHLS is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month SHLS has a been trading in the 4.24 - 6.40 range, which is quite wide. It is currently trading near the lows of this range.
SHLS has an average volume of 5914110 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of SHLS is bad and it also does not present a quality setup 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
4.10
6.20
When analyzing the support we notice one important area.
- A support zone ranging from 4.14 to 4.15. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 4.74 to 4.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @5.82 from a trend line in the weekly time frame.
- A resistance zone ranging from 6.06 to 6.14. This zone is formed by a combination of multiple trend lines in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.73
Mansfield-4.41
10 Day High6.11
10 Day Low4.24
20 Day High6.4
20 Day Low4.24
52 Week High17.5
52 Week Low4.07
Performance
1 Week1.28%
2 Weeks-21.17%
1 Month-13.53%
3 Month-8.86%
6 Month-29.72%
12 Month-64.52%
2 Year-83.04%
3 Year-71.95%
5 YearN/A
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.14
RSI(14)43.44
LBB3.89
UBB6.64
SHOALS TECHNOLOGIES GROUP -A
NASDAQ:SHLS (1/24/2025, 6:29:56 PM)
After market: 4.79 +0.06 (+1.27%)4.73
+0.06 (+1.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg1.28%
1 Week1.28%
2 Weeks-21.17%
1 Month-13.53%
3 Month-8.86%
6 Month-29.72%
12 Month-64.52%
2 Year-83.04%
3 Year-71.95%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.42
ATR(20)%8.2%
ATR Inc-14.43%
Range Today0.27
ADR(20)0.35
ADR(20)%7.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.73
Mansfield-4.41
10 Day High6.11
10 Day Low4.24
20 Day High6.4
20 Day Low4.24
52 Week High17.5
52 Week Low4.07
CS1 End4.15
CR1 Start4.74
Volume & EV
DER(3)-1.26%
DER(5)1.34%
Volume5.72M
Volume Incr12.71%
Vol(5)7.22M
Vol(50)5.91M