Technical Analysis for SHLS - Shoals Technologies Group, Inc.

Grade Last Price % Change Price Change
F 7.87 -3.67% -0.30
SHLS closed down 3.67 percent on Friday, May 31, 2024, on 1.16 times normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Up

Date Alert Name Type % Chg
Weak + Overbought Other 0.00%
Outside Day Range Expansion 0.00%
Wide Bands Range Expansion 0.00%
Overbought Stochastic Strength 0.00%
Calm After Storm Range Contraction -3.67%
Stochastic Reached Overbought Strength -3.67%
Weak + Overbought Other -3.67%
Inside Day Range Contraction -3.67%
Wide Bands Range Expansion -3.67%
Overbought Stochastic Strength -3.67%

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Profile

Shoals Technologies Group, Inc. provides electrical balance of system (EBOS) solutions for solar energy projects in the United States. It offers EBOS components, such as cable assemblies, inline fuses, combiners, disconnects, recombiners, wireless monitoring systems, junction boxes, transition enclosures, and splice boxes that carry the electric current produced by solar panels to an inverter and to the power grid. The company sells its products to engineering, procurement, and construction firms that build solar energy projects. Shoals Technologies Group, Inc. was founded in 1996 and is headquartered in Portland, Tennessee.
Classification

Sector: Technology
Industry: Solar
Keywords: Energy Conversion Photovoltaics Solar Energy Solar Panel Solar Energy Projects

Is SHLS a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 28.34
52 Week Low 6.285
Average Volume 5,269,821
200-Day Moving Average 14.04
50-Day Moving Average 8.90
20-Day Moving Average 7.60
10-Day Moving Average 7.54
Average True Range 0.57
RSI (14) 47.64
ADX 21.43
+DI 25.16
-DI 25.95
Chandelier Exit (Long, 3 ATRs) 7.47
Chandelier Exit (Short, 3 ATRs) 7.98
Upper Bollinger Bands 9.11
Lower Bollinger Band 6.09
Percent B (%b) 0.59
BandWidth 39.83
MACD Line -0.26
MACD Signal Line -0.49
MACD Histogram 0.2265
Fundamentals Value
Market Cap 1.34 Billion
Num Shares 170 Million
EPS 0.86
Price-to-Earnings (P/E) Ratio 9.15
Price-to-Sales 6.48
Price-to-Book 5.00
PEG Ratio 3.51
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 9.16
Resistance 3 (R3) 9.23 8.88 8.95
Resistance 2 (R2) 8.88 8.55 8.84 8.87
Resistance 1 (R1) 8.37 8.35 8.20 8.30 8.80
Pivot Point 8.02 8.02 7.93 7.98 8.02
Support 1 (S1) 7.51 7.69 7.34 7.44 6.94
Support 2 (S2) 7.16 7.49 7.12 6.87
Support 3 (S3) 6.65 7.16 6.80
Support 4 (S4) 6.58