SHOALS TECHNOLOGIES GROUP -A (SHLS) Stock Technical Analysis
NASDAQ:SHLS - Nasdaq - US82489W1071 - Common Stock - Currency: USD
Overall SHLS gets a technical rating of 0 out of 10. 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 neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
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 part of the Electrical Equipment industry. There are 93 other stocks in this industry, of which 71% are performing better than SHLS.
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 3.83 - 4.88 range, which is quite wide. It is currently trading near the high of this range.
SHLS has an average volume of 5965760 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
SHLS has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 4.79. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for SHLS 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
4.47
6.20
We can see 5 important resistance areas.
- A resistance zone ranging from 4.79 to 4.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @5.67 from a trend line in the weekly time frame.
- Resistance @5.84 from a trend line in the daily time frame.
- Resistance @6.04 from a trend line in the daily time frame.
- Resistance @6.14 from a horizontal line 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
CRS6.84
Mansfield-3.77
10 Day High4.79
10 Day Low3.83
20 Day High4.88
20 Day Low3.83
52 Week High16.19
52 Week Low3.83
Performance
1 Week11.88%
2 Weeks-1.74%
1 Month-3.21%
3 Month-6.42%
6 Month-17.06%
12 Month-69.13%
2 Year-81.58%
3 Year-71.41%
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)0.04
RSI(14)49.4
LBB3.85
UBB4.83
4.52
-0.07 (-1.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg-1.53%
1 Week11.88%
2 Weeks-1.74%
1 Month-3.21%
3 Month-6.42%
6 Month-17.06%
12 Month-69.13%
2 Year-81.58%
3 Year-71.41%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.29
ATR(20)%6.2%
ATR Inc29.29%
Range Today0.34
ADR(20)0.27
ADR(20)%6.07%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.84
Mansfield-3.77
10 Day High4.79
10 Day Low3.83
20 Day High4.88
20 Day Low3.83
52 Week High16.19
52 Week Low3.83
CS1 EndN/A
CR1 Start4.79
Volume & EV
DER(3)3.39%
DER(5)4.81%
Volume4.57M
Volume Incr1.78%
Vol(5)6.10M
Vol(50)5.97M