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(SHBI) Shore Bancshares complete technical analysis [charts+indicators] | Buy/Sell Shore Bancshares | (SHBI) share price targets

Complete technical analysis of Shore Bancshares (SHBI) by charts plus indicators, forecast predictions and share price targets for Shore Bancshares (SHBI)

Shore Bancshares trades in USA in Finance sector.

10 day averaged volume of Shore Bancshares is 89770

Date Daily Closing Price Open High Low Volume
25 Mon Nov 2024 16.63 16.77 17.03 16.63 1.152 times
22 Fri Nov 2024 16.55 16.27 16.57 16.17 0.927 times
21 Thu Nov 2024 16.17 16.17 16.43 16.08 0.595 times
20 Wed Nov 2024 16.01 16.03 16.14 15.85 0.733 times
19 Tue Nov 2024 16.08 15.90 16.12 15.10 1.261 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 16.5, but if it comes below 16.5, then a intra day sell could be more profitable.
If you take a sell trade below 16.5, then use 16.5 as stoploss and 15.74 as target. However if you take a buy trade in stock , then use 16.5 as stoploss and 17.5 as target.

Share price targets for Shore Bancshares (SHBI)

Target Type Value
Downside Target 11.03
Downside Target 12.32
Downside Target 13.21
Downside Target 14.19
Downside Target 15.10
Downside Target 16.10
Downside Target 16.57
Downside Target 16.61
Downside Target 16.63
Upside Target 16.66
Upside Target 17.03

Intraday share price targets for Shore Bancshares (SHBI)

Target Type Value
Downside Intraday Target 16.5
Downside Intraday Target 16.36
Upside Intraday Target 16.9
Upside Intraday Target 17.16
Upside Intraday Target 16.76

Weekly technical analysis of Shore Bancshares (SHBI)

Date Weekly Closing Price Open High Low Volume
25 Mon Nov 2024 16.63 16.77 17.03 16.63 0.245 times
22 Fri Nov 2024 16.55 16.21 16.57 15.10 0.898 times
15 Fri Nov 2024 16.21 16.30 16.66 16.10 0.651 times
08 Fri Nov 2024 16.10 14.44 16.61 14.19 1.616 times
01 Fri Nov 2024 14.45 14.48 15.02 14.38 1.241 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Shore Bancshares (SHBI)

Date Monthly Closing Price Open High Low Volume
25 Mon Nov 2024 16.63 14.65 17.03 14.19 1.038 times
31 Thu Oct 2024 14.54 13.98 15.02 13.21 1.133 times
30 Mon Sep 2024 13.99 14.10 14.78 13.36 0.937 times
30 Fri Aug 2024 14.20 14.47 14.63 12.32 0.784 times

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Shore Bancshares (SHBI)

Indicator Name Indicator Value Indicator Signal
ADX 41, 22, 31 Buy
MACD 1, 1Buy
Stochastics 80Buy
CCI 181Buy
RSI 64Buy
OBV 481900Sell
VWAP 16Buy
ADL 0Sell
ROC 1Buy
Force Index 0Sell

Price action analysis of Shore Bancshares ( (SHBI) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Shore Bancshares ( (SHBI) ) based on a short term time period is

Price action analysis of Shore Bancshares ( (SHBI) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Shore Bancshares ( (SHBI) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Shore Bancshares stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Shore Bancshares in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Shore Bancshares Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Shore Bancshares in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Shore Bancshares is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 16.26 and Shore Bancshares (SHBI) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Shore Bancshares (SHBI) stock. Volume based technical analysis of Shore Bancshares (SHBI) stock is negative.

Shore Bancshares Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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