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Stock Trend Analysis Report

Prepared for you on Friday, July 26, 2024.

Shoals Technologies Group, Inc. - Class A (NASDAQ:SHLS)

Crossroads (+60) - SHLS is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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.

NASDAQ_SHLS
Open High Low SHLS Price Change
6.92 6.94 6.63 6.75 +0.01
Entry Signal

MarketClub’s Trade Triangles for SHLS

long term down The long-term trend has been DOWN since Mar 5th, 2024 at 12.600

intermediate term up The intermediate-term trend has been UP since Jul 16th, 2024 at 6.930

short term up The short-term trend has been UP since Jul 25th, 2024 at 6.815

Smart Scan Analysis for SHLS

Based on our trend formula, SHLS is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for SHLS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.92 6.94 6.63 6.75 +0.01
Prev. Close Volume Bid Ask Time
6.74 2195360 2024-07-26 15:59:51
52wk High27.8652wk High Date2023-07-27
52wk Low5.6952wk Low Date2024-07-02
Average Volume5,394,498Shares Outstanding201,840
Assets825,306,000MLiabilities271,329,000M
P/E Ratio37.4444
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