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 5 out of 10 to SHBA. In the last year, SHBA was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
Looking at the yearly performance, SHBA did better than 70% of all other stocks.
SHBA is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so SHBA is performing more or less in line with the market.
SHBA has an average volume of 2344650 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month SHBA has a been trading in a tight range between 124.00 and 131.10.
Considerably lower volume is observed in the last couple of days.
SHBA has an average technical rating and it also does not offer a high quality setup 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
100.83
137.98
3 important support areas can be observed.
- A support zone ranging from 124.38 to 124.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @106.19 from a trend line in the weekly time frame.
- A support zone ranging from 101.85 to 102.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 126.05 to 127.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 133.70 to 136.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for SHBA.ST is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SHBA.ST is neutral. |
| ChartMill Relative Strength | 70.58 | POSITIVE | SHBA.ST has a high relative strength, it outperformed 70.58% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SHBA.ST is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SHBA.ST is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SHBA.ST is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.66 | NEUTRAL | The RSI value for SHBA.ST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.66 | NEGATIVE | The MACD value suggests SHBA.ST has a negative trend. |
| Stochastics (14,3) | 14.49 | OVERSOLD | The low Stochastics value suggests SHBA.ST may be oversold. |
| Average True Range in percent/ATR (20) | 1.44 | LOW VOLATILITY | The low ATR as a percentage value for SHBA.ST suggests low volalility. |
| Average Directional Index/ADX (14) | 12.96 | NEGATIVE | The low ADX value for SHBA.ST suggests a weak or negative trend. |
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)
STO:SHBA (6/19/2025, 5:30:45 PM)
124.45
-2 (-1.58%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.58%
1 Week-1.85%
2 Weeks-3.11%
1 Month-5.86%
3 Month-5.68%
6 Month11.46%
12 Month24.82%
2 Year37.76%
3 Year42.36%
5 Year40.81%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.59
ATR(20)%1.44%
ATR Inc20.57%
Range Today2.25
ADR(20)1.63
ADR(20)%1.31%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.58
Mansfield0.37
10 Day High129.4
10 Day Low124
20 Day High131.1
20 Day Low124
52 Week High136.88
52 Week Low95.48
CS1 End124.44
CR1 Start126.05
Volume & EV
DER(3)1.29%
DER(5)-0.62%
Volume2.14M
Volume Incr-14.35%
Vol(5)1.33M
Vol(50)2.34M