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Stock Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
Shoals Technologies Group, Inc. - Class A (NASDAQ:SHLS)
Long-Term Downtrend (-90) - SHLS is in a strong downtrend that is likely to continue. While SHLS is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid SHLS?
MarketClub looks at technical strength and momentum to determine if the timing is right for SHLS.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for SHLS
The long-term trend has been DOWN since Mar 5th, 2024 at 12.600
The intermediate-term trend has been DOWN since Feb 29th, 2024 at 13.470
The short-term trend has been DOWN since May 8th, 2024 at 8.705
Smart Scan Analysis for SHLS
Based on our trend formula, SHLS is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7.660 | 8.290 | 7.270 | 7.495 | -1.305 |
| Prev. Close | Volume | Bid | Ask | Time |
| 8.800 | 12738719 | 2024-05-08 15:59:41 |
| 52wk High | 28.34 | 52wk High Date | 2023-07-18 |
| 52wk Low | 8.06 | 52wk Low Date | 2024-04-19 |
| Average Volume | 4,073,193 | Shares Outstanding | 201,749 |
| Assets | 843,993,000M | Liabilities | 298,997,000M |
| P/E Ratio | 36.6667 |