Login or Join
Learn then Earn

(SHG) Shinhan Financial complete technical analysis [charts+indicators] | Buy/Sell Shinhan Financial | (SHG) share price targets

Complete technical analysis of Shinhan Financial (SHG) by charts plus indicators, forecast predictions and share price targets for Shinhan Financial (SHG)

Shinhan Financial trades in USA in Finance sector.

10 day averaged volume of Shinhan Financial is 66658

Date Daily Closing Price Open High Low Volume
17 Fri May 2024 35.56 35.47 35.57 35.27 0.728 times
16 Thu May 2024 35.66 35.73 35.83 35.60 0.628 times
15 Wed May 2024 35.64 35.50 35.74 35.38 1.137 times
14 Tue May 2024 35.20 35.00 35.21 34.79 0.774 times
13 Mon May 2024 35.06 35.15 35.18 34.98 0.8 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 35.3, but if it comes below 35.3, then a intra day sell could be more profitable.
If you take a sell trade below 35.3, then use 35.3 as stoploss and 34.11 as target. However if you take a buy trade in stock , then use 35.3 as stoploss and 36.8 as target.

Share price targets for Shinhan Financial (SHG)

Target Type Value
Downside Target 27.09
Downside Target 29.25
Downside Target 30.69
Downside Target 32.49
Downside Target 33.26
Downside Target 33.93
Downside Target 34.49
Downside Target 34.62
Downside Target 34.79
Downside Target 35.22
Upside Target 35.83
Upside Target 38.65

Intraday share price targets for Shinhan Financial (SHG)

Target Type Value
Downside Intraday Target 34.96
Downside Intraday Target 34.35
Upside Intraday Target 36
Upside Intraday Target 36.43
Downside Intraday Target 35.39

Weekly technical analysis of Shinhan Financial (SHG)

Date Weekly Closing Price Open High Low Volume
17 Fri May 2024 35.56 35.15 35.83 34.79 0.685 times
10 Fri May 2024 34.99 34.80 35.22 33.93 1.044 times
03 Fri May 2024 34.50 34.16 34.62 33.26 0.48 times
26 Fri Apr 2024 34.16 32.03 34.38 31.47 1.527 times
19 Fri Apr 2024 30.49 30.42 30.69 29.25 0.398 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 Shinhan Financial (SHG)

Date Monthly Closing Price Open High Low Volume
17 Fri May 2024 35.56 33.74 35.83 33.26 0.249 times
30 Tue Apr 2024 33.75 34.08 34.49 29.25 1.185 times
28 Thu Mar 2024 35.49 32.69 38.65 32.49 1.155 times
29 Thu Feb 2024 32.58 31.80 33.98 31.14 0.82 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 Shinhan Financial (SHG)

Indicator Name Indicator Value Indicator Signal
ADX 42, 26, 24 Buy
MACD 1, 1Buy
Stochastics 91Buy
CCI 79Sell
RSI 50Sell
OBV 713246Sell
VWAP 35Buy
ADL 0Sell
ROC 3Buy
Force Index 0Sell

Price action analysis of Shinhan Financial ( (SHG) ) 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 Shinhan Financial ( (SHG) ) 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 Shinhan Financial ( (SHG) ) 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 Shinhan Financial ( (SHG) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Shinhan Financial stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Shinhan Financial 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.

Shinhan Financial Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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

CCI has generated a SELL signal for Shinhan Financial in short term but SELL signal is weak.

RSI is generating a SELL signal in short term but selling 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 Shinhan Financial is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 34.91 and Shinhan Financial (SHG) 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 Shinhan Financial (SHG) stock. Volume based technical analysis of Shinhan Financial (SHG) stock is negative.

Shinhan Financial 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.

Learn then Earn
Back to top | Use Dark Theme