SVENSKA HANDELSBANKEN-A SHS (SHBA.ST) Stock Technical Analysis
STO:SHBA - Nasdaq Stockholm AB - SE0007100599 - Common Stock - Currency: SEK
We assign a technical rating of 8 out of 10 to SHBA. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, SHBA is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
SHBA is currently trading near its 52 week high. This is a good sign, certainly because the S&P500 Index is not trading near new highs.
SHBA is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
SHBA has an average volume of 2333300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, SHBA turns out to be only a medium performer in the overall market: it outperformed 68% of all stocks.
SHBA has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 134.79. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 134.19, a Stop Loss order could be placed below this zone.
More info and screens
92.88
137.98
5 important support areas can be observed.
- A support zone ranging from 131.15 to 134.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 121.59 to 122.65. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @104.51 from a trend line in the weekly time frame.
- A support zone ranging from 98.98 to 100.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @93.82 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 134.79 to 136.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS68.09
Mansfield1.91
10 Day High136.88
10 Day Low132.05
20 Day High136.88
20 Day Low125.75
52 Week High136.88
52 Week Low95.22
Performance
1 Week-0.48%
2 Weeks-0.19%
1 Month6.97%
3 Month15.12%
6 Month27.63%
12 Month9.24%
2 Year49.44%
3 Year54.36%
5 Year62.43%
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.4
RSI(14)62.47
LBB130.62
UBB137.5
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 136.62 | 132.04 | 4.58 (3.35%) | 25.00% |
| An entry @136.62. This is a Buy Stop order right above the resistance zone. | An exit @132.04. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 4.58 points, which is 3.35%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.84%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
STO:SHBA (3/7/2025, 5:30:45 PM)
134.2
+0.05 (+0.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.04%
1 Week-0.48%
2 Weeks-0.19%
1 Month6.97%
3 Month15.12%
6 Month27.63%
12 Month9.24%
2 Year49.44%
3 Year54.36%
5 Year62.43%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.12
ATR(20)%1.57%
ATR Inc1.59%
Range Today2.2
ADR(20)1.95
ADR(20)%1.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS68.09
Mansfield1.91
10 Day High136.88
10 Day Low132.05
20 Day High136.88
20 Day Low125.75
52 Week High136.88
52 Week Low95.22
CS1 End134.19
CR1 Start134.79
Volume & EV
DER(3)1.68%
DER(5)-0.32%
Volume3.43M
Volume Incr20.95%
Vol(5)3.27M
Vol(50)2.33M