SVENSKA HANDELSBANKEN-A SHS (SHBA.ST) Stock Technical Analysis
Europe - STO:SHBA - SE0007100599 - Common Stock
119.95 SEK
-0.05 (-0.04%)
Taking everything into account, SHBA scores 1 out of 10 in our technical rating. SHBA has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
In the last month SHBA has a been trading in the 119.05 - 127.75 range, which is quite wide. It is currently trading near the lows of this range.
SHBA has an average volume of 1581660 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 48% of all stocks.
SHBA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SHBA is lagging the market.
SHBA has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. 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
100.83
137.98
When analyzing the support we can see 3 important areas.
- Support @114.00 from a horizontal line in the daily time frame.
- Support @106.40 from a trend line in the weekly time frame.
- A support zone ranging from 101.85 to 103.45. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 120.12 to 122.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 125.72 to 127.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | DOWN | NEGATIVE | The long term trend for SHBA.ST is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SHBA.ST is down. |
| ChartMill Relative Strength | 48.42 | NEUTRAL | SHBA.ST is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of SHBA.ST is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of SHBA.ST is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.18 | NEUTRAL | The RSI value for SHBA.ST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.31 | NEGATIVE | The MACD value suggests SHBA.ST has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 14.19 | OVERSOLD | The low Stochastics value suggests SHBA.ST may be oversold. |
| Average True Range in percent/ATR (20) | 1.33 | LOW VOLATILITY | The low ATR as a percentage value for SHBA.ST suggests low volalility. |
| Average Directional Index/ADX (14) | 22.8 | NEUTRAL | The ADX value for SHBA.ST suggests a possible start of a new 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 (9/12/2025, 5:30:45 PM)
119.95
-0.05 (-0.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.04%
1 Week0.59%
2 Weeks-1.4%
1 Month-3.81%
3 Month-4.61%
6 Month-9.71%
12 Month16.51%
2 Year22.95%
3 Year30.92%
5 Year59.68%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.65
ATR(20)%1.33%
ATR Inc-36.16%
Range Today0.92
ADR(20)1.55
ADR(20)%1.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS48.42
Mansfield-0.95
10 Day High122.4
10 Day Low119.05
20 Day High127.75
20 Day Low119.05
52 Week High136.88
52 Week Low95.48
CS1 End114
CR1 Start120.12
Volume & EV
DER(3)2.48%
DER(5)4.05%
Volume1.47M
Volume Incr21.21%
Vol(5)1.53M
Vol(50)1.58M