SHINHAN FINANCIAL GROUP-ADR (SHG) Stock Technical Analysis
NYSE:SHG - New York Stock Exchange, Inc. - US8245961003 - ADR - Currency: USD
Overall SHG gets a technical rating of 6 out of 10. In the past year, SHG was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month SHG has a been trading in the 28.76 - 35.00 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, SHG turns out to be only a medium performer in the overall market: it outperformed 61% of all stocks.
SHG is an average performer in the Banks industry, it outperforms 43% of 398 stocks in the same industry.
SHG is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Considerably lower volume is observed in the last couple of days.
SHG has an average technical rating and also the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
29.70
35.09
2 important support areas can be observed.
- A support zone ranging from 30.84 to 31.16. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @30.00 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 34.74 to 34.74. This zone is formed by a combination of multiple trend lines 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
CRS61.72
Mansfield-0.31
10 Day High35
10 Day Low31.86
20 Day High35
20 Day Low28.76
52 Week High46.05
52 Week Low28.76
Performance
1 Week2.33%
2 Weeks6.99%
1 Month8.97%
3 Month-0.83%
6 Month-11.18%
12 Month0.67%
2 Year32.25%
3 Year6.18%
5 Year36.09%
10 Year-17.23%
15 Year-18.42%
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)0.32
RSI(14)62.28
LBB29.79
UBB36.38
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 |
|---|---|---|---|
| 34.75 | 31.85 | 2.90 (8.35%) | 11.98% |
| An entry @34.75. This is a Buy Stop order right above the resistance zone. | An exit @31.85. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.90 points, which is 8.35%. | When investing 11.98% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
34.73
+0.09 (+0.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.26%
1 Week2.33%
2 Weeks6.99%
1 Month8.97%
3 Month-0.83%
6 Month-11.18%
12 Month0.67%
2 Year32.25%
3 Year6.18%
5 Year36.09%
10 Year-17.23%
15 Year-18.42%
Volatility
ATR(14)1.04
ATR(20)%3.16%
ATR Inc-49.01%
Range Today0.43
ADR(20)0.94
ADR(20)%2.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS61.72
Mansfield-0.31
10 Day High35
10 Day Low31.86
20 Day High35
20 Day Low28.76
52 Week High46.05
52 Week Low28.76
CS1 End31.16
CR1 Start34.74
Volume & EV
DER(3)5.01%
DER(5)4.35%
Volume161.19K
Volume Incr-37.75%
Vol(5)156.64K
Vol(50)305.67K