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Stock Trend Analysis Report

Prepared for you on Friday, June 9, 2023.

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
24.7300 24.8600 23.9150 23.9676 -0.5024
Entry Signal

MarketClub’s Trade Triangles for SHLS

long term down The long-term trend has been DOWN since Mar 10th, 2023 at 22.370

intermediate term up The intermediate-term trend has been UP since May 9th, 2023 at 23.825

short term up The short-term trend has been UP since Jun 1st, 2023 at 24.390

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
24.7300 24.8600 23.9150 23.9676 -0.5024
Prev. Close Volume Bid Ask Time
24.4700 878532 2023-06-09 14:43:24
52wk High32.4352wk High Date2022-11-21
52wk Low13.9252wk Low Date2022-07-15
Average Volume2,344,436Shares Outstanding201,240
Assets808,601,000MLiabilities302,521,000M
P/E Ratio26.3118
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