Shaw Communications Inc (SJR): Price Now Near $28.96; Daily Chart Shows An Uptrend on 100 Day Basis

The Hourly View for SJR

Currently, SJR (Get Ratings)’s price is down $-0.13 (-0.45%) from the hour prior. This is the 2nd hour in a row SJR has seen its price head down. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 20 hour moving average, resulting in them so that price is now turning below it. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

SJR ranks 45th in terms of today’s price percentage change out of Communication stocks.

SJR’s Technical Outlook on the Daily Chart

At the time of this writing, SJR’s price is down $-0.26 (-0.89%) from the day prior. This move is a reversal from the day prior, which saw price move up. Regarding the trend, note that the strongest trend exists on the 20 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. The chart below shows SJR’s price action over the past 90 days.

SJR

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