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 6 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 long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, SHBA did better than 74% of all other stocks.
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.
SHBA has an average volume of 1770600 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 122.58 and 128.38.
SHBA has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 124.45, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for SHBA in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
100.19
137.98
3 important support areas can be observed.
- A support zone ranging from 122.65 to 124.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @106.69 from a trend line in the weekly time frame.
- A support zone ranging from 101.20 to 101.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 125.08 to 126.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 129.40 to 129.75. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The short term trend for SHBA.ST is neutral. |
| ChartMill Relative Strength | 74.59 | POSITIVE | SHBA.ST has a high relative strength, it outperformed 74.59% 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 | MIXED | The current price of SHBA.ST is below 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) | 45.83 | NEUTRAL | The RSI value for SHBA.ST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests SHBA.ST has a negative trend. |
| Stochastics (14,3) | 66.05 | NEUTRAL | The Stochastics value for SHBA.ST is a neutral value. |
| Average True Range in percent/ATR (20) | 1.5 | LOW VOLATILITY | The low ATR as a percentage value for SHBA.ST suggests low volalility. |
| Average Directional Index/ADX (14) | 10.13 | 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)
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 |
|---|---|---|---|
| 126.95 | 124.94 | 2.01 (1.58%) | 25.00% |
| An entry @126.95. This is a Buy Stop order right above the resistance zone. | An exit @124.94. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.01 points, which is 1.58%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.40%. |
- The distance between exit and entry is rather small compared to the average daily movement of SHBA. Please evaluate whether better entry and exit points can be found.
- 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 (7/11/2025, 5:30:45 PM)
125.05
-2.6 (-2.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-2.04%
1 Week-1.52%
2 Weeks-1.61%
1 Month-1.38%
3 Month15.36%
6 Month5.86%
12 Month21.11%
2 Year35.34%
3 Year37.24%
5 Year50.84%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.94
ATR(20)%1.5%
ATR Inc1.91%
Range Today2.5
ADR(20)1.63
ADR(20)%1.3%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.59
Mansfield-0.07
10 Day High128.38
10 Day Low124.95
20 Day High128.38
20 Day Low122.58
52 Week High136.88
52 Week Low95.48
CS1 End124.45
CR1 Start125.08
Volume & EV
DER(3)3.42%
DER(5)-0.98%
Volume2.35M
Volume Incr23.1%
Vol(5)1.66M
Vol(50)1.77M