Technical Analysis for SHLS - Shoals Technologies Group, Inc.

Grade Last Price % Change Price Change
F 8.52 3.15% 0.26
SHLS closed up 3.15 percent on Friday, April 26, 2024, on 78 percent of normal volume. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
Earnings due: May 6
*** please verify all earnings dates ***
4 Watchers
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Up

Date Alert Name Type % Chg
Wide Bands Range Expansion 0.00%
Oversold Stochastic Weakness 0.00%
MACD Bullish Signal Line Cross Bullish 3.15%
NR7 Range Contraction 3.15%
Narrow Range Bar Range Contraction 3.15%
Wide Bands Range Expansion 3.15%
Gapped Down Weakness 3.15%
Oversold Stochastic Weakness 3.15%
Wide Bands Range Expansion 0.35%
Up 3 Days in a Row Strength 0.35%

   Recent Intraday Alerts

Alert Time
Up 5% about 15 hours ago
60 Minute Opening Range Breakout about 16 hours ago
Up 3% about 19 hours ago
Rose Above Previous Day's High about 19 hours ago
Rose Above 10 DMA about 19 hours ago

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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 8.06
Average Volume 4,051,607
200-Day Moving Average 16.08
50-Day Moving Average 11.69
20-Day Moving Average 9.39
10-Day Moving Average 8.40
Average True Range 0.53
RSI (14) 31.51
ADX 35.58
+DI 19.56
-DI 30.07
Chandelier Exit (Long, 3 ATRs) 10.49
Chandelier Exit (Short, 3 ATRs) 9.66
Upper Bollinger Bands 11.56
Lower Bollinger Band 7.23
Percent B (%b) 0.3
BandWidth 46.09
MACD Line -0.98
MACD Signal Line -1.03
MACD Histogram 0.047
Fundamentals Value
Market Cap 1.45 Billion
Num Shares 170 Million
EPS 0.86
Price-to-Earnings (P/E) Ratio 9.91
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) 9.20
Resistance 3 (R3) 9.17 8.93 9.08
Resistance 2 (R2) 8.93 8.75 8.94 9.04
Resistance 1 (R1) 8.72 8.65 8.83 8.75 9.01
Pivot Point 8.48 8.48 8.53 8.49 8.48
Support 1 (S1) 8.27 8.30 8.38 8.30 8.03
Support 2 (S2) 8.03 8.20 8.04 8.00
Support 3 (S3) 7.82 8.03 7.96
Support 4 (S4) 7.85