SVENSKA HANDELSBANKEN-A SHS (SHBA.ST) Stock Technical Analysis
STO:SHBA - Nasdaq Stockholm AB - SE0007100599 - Common Stock - Currency: SEK
Taking everything into account, SHBA scores 5 out of 10 in our technical rating. In the last year, SHBA was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
The long and short term trends are both positive. This is looking good!
SHBA is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SHBA is lagging the market slightly.
In the last month SHBA has a been trading in the 118.00 - 126.20 range, which is quite wide. It is currently trading near the high of this range.
SHBA has an average volume of 1588380 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 58% of all stocks.
SHBA has an average technical rating and the quality of the presented setup is also not ideal 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
5 important support areas can be observed.
- A support zone ranging from 119.00 to 123.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @116.20 from a horizontal line in the weekly time frame.
- Support @114.00 from a horizontal line in the daily time frame.
- Support @106.02 from a trend line in the weekly time frame.
- Support @101.85 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @127.08 from a trend line in the daily time frame.
- Resistance @129.75 from a horizontal line in the daily time frame.
- 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 | UP | POSITIVE | The short term trend for SHBA.ST is up. |
| ChartMill Relative Strength | 58.9 | NEUTRAL | SHBA.ST is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SHBA.ST is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of SHBA.ST is above a declining 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) | 62.6 | NEUTRAL | The RSI value for SHBA.ST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.64 | POSITIVE | The MACD value suggests SHBA.ST has a positive trend. |
| Stochastics (14,3) | 88.83 | OVERBOUGHT | The high Stochastics value suggests SHBA.ST may be overbought. |
| Average True Range in percent/ATR (20) | 1.1 | LOW VOLATILITY | The low ATR as a percentage value for SHBA.ST suggests low volalility. |
| Average Directional Index/ADX (14) | 19.25 | 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 (8/21/2025, 5:30:45 PM)
126.1
+0.35 (+0.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.28%
1 Week0.68%
2 Weeks3.66%
1 Month5.88%
3 Month-1.18%
6 Month-6.21%
12 Month20.21%
2 Year38.09%
3 Year44.02%
5 Year44.91%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.36
ATR(20)%1.1%
ATR Inc35.79%
Range Today0.85
ADR(20)1.3
ADR(20)%1.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS58.9
Mansfield-0.17
10 Day High126.2
10 Day Low121.53
20 Day High126.2
20 Day Low118
52 Week High136.88
52 Week Low95.48
CS1 End123.97
CR1 Start127.08
Volume & EV
DER(3)-6.54%
DER(5)-2.17%
Volume1.04M
Volume Incr-7.78%
Vol(5)1.25M
Vol(50)1.59M