Technical Analysis for SHI - SINOPEC Shangai Petrochemical Company, Ltd.

Grade Last Price % Change Price Change
grade D 28.656 1.04% 0.30
SHI closed up 1.58 percent on Wednesday, December 11, 2019, on 62 percent of normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Up Up
See historical SHI trend table...

Date Alert Name Type % Chg
Crossed Above 50 DMA Bullish 1.04%
Expansion Pivot Buy Setup Bullish Swing Setup 1.04%
Overbought Stochastic Strength 1.04%
Fell Below 50 DMA Bearish 2.64%
Stochastic Sell Signal Bearish 2.64%
Narrow Range Bar Range Contraction 2.64%
NR7 Range Contraction 2.64%
Overbought Stochastic Strength 2.64%
Gapped Down Weakness 2.64%
50 DMA Support Bullish 0.90%
Older signals for SHI ...

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Profile

Sinopec Shanghai Petrochemical Company Limited, together with its subsidiaries, operates as a refining-chemical integrated petrochemical company primarily in the People's Republic of China. It operates in five segments: Synthetic Fibres, Resins and Plastics, Intermediate Petrochemicals, Petroleum Products, and Trading of Petrochemical Products. The Synthetic Fibres segment produces polyester and acrylic fibers primarily for the textile and apparel industries. The Resins and Plastics segment offers polyester chips, which are used in processing polyester fibers, and construction coating materials and containers; low-density polyethylene resins and films that are used in cable jacketing, sheeting, and manufacturing molded products, such as housewares and toys, as well as for agricultural and packaging applications; and polypropylene resins and PVA granules, which are used in manufacturing extruded films or sheets, and household electric appliances and automobile parts. The Intermediate Petrochemicals segment provides paraxylene, benzene, and butadiene that are used in the production of resins, plastics, and synthetic fibers. The Petroleum Products segment operates crude oil distillation facilities to produce vacuum and atmospheric gas oils that are used as feed stocks, as well as produces residual oil and low octane gasoline fuels. This segment also offers various transportation, industrial, and household heating fuels, including diesel oils, jet fuels, heavy oils, and liquefied petroleum gases. The Trading of Petrochemical Products segment engages in the import and export of petrochemical products. The company was founded in 1972 and is based in Shanghai, the People's Republic of China. Sinopec Shanghai Petrochemical Company Limited is a subsidiary of China Petroleum & Chemical Corporation.
Chemistry Transportation Chemical Plastics Chemical Industry Petrochemical H Shares Petrochemical Products Petroleum Product Polyester Residual Oil Sinopec

Is SHI 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 52.67
52 Week Low 26.63
Average Volume 46,510
200-Day Moving Average 37.34
50-Day Moving Average 28.18
20-Day Moving Average 27.54
10-Day Moving Average 27.87
Average True Range 0.51
ADX 13.8
+DI 34.09
-DI 27.16
Chandelier Exit (Long, 3 ATRs ) 27.02
Chandelier Exit (Short, 3 ATRs ) 28.16
Upper Bollinger Band 28.51
Lower Bollinger Band 26.57
Percent B (%b) 0.92
BandWidth 7.04
MACD Line -0.02
MACD Signal Line -0.17
MACD Histogram 0.1492
Fundamentals Value
Market Cap 3.06 Billion
Num Shares 108 Million
EPS 7.70
Price-to-Earnings (P/E) Ratio 3.68
Price-to-Sales 0.50
Price-to-Book 1.72
PEG Ratio 0.00
Dividend 3.63
Dividend Yield 12.80%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 29.23
Resistance 3 (R3) 29.16 28.80 29.09
Resistance 2 (R2) 28.80 28.58 28.84 29.04
Resistance 1 (R1) 28.58 28.44 28.69 28.65 28.99
Pivot Point 28.22 28.22 28.28 28.26 28.22
Support 1 (S1) 28.00 28.00 28.11 28.07 27.73
Support 2 (S2) 27.64 27.86 27.68 27.68
Support 3 (S3) 27.42 27.64 27.64
Support 4 (S4) 27.49