SHINHAN FINANCIAL GROUP-ADR (SHG) Stock Technical Analysis
USA - NYSE:SHG - US8245961003 - ADR
Taking everything into account, SHG scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SHG is showing a nice and steady performance.
SHG has an excellent technical rating, but 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
We found 6 important support areas.
- A support zone ranging from 52.15 to 53.30. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 50.15 to 51.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @48.71 from a horizontal line in the daily time frame.
- A support zone ranging from 46.80 to 46.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @32.36 from a trend line in the weekly time frame.
- Support @30.00 from a horizontal line in the weekly time frame.
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 SHG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SHG is up. |
| ChartMill Relative Strength | 85.97 | POSITIVE | SHG has a high relative strength, it outperformed 85.97% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SHG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SHG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SHG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.6 | NEUTRAL | The RSI value for SHG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests SHG has a positive trend. |
| Stochastics (14,3) | 75.98 | NEUTRAL | The Stochastics value for SHG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.25 | MEDIUM VOLATILITY | The ATR as a percentage value for SHG suggests some volalility. |
| Average Directional Index/ADX (14) | 12.85 | NEGATIVE | The low ADX value for SHG suggests a weak or negative trend. |
54.83
+1.13 (+2.1%)
SHINHAN FINANCIAL GROUP-ADR / SHG FAQ
What is the technical rating for SHG stock?
ChartMill assigns a technical rating of 10 / 10 to SHG.
Can you provide the trend direction for SHINHAN FINANCIAL GROUP-ADR?
The current trend direction for SHINHAN FINANCIAL GROUP-ADR (SHG) is Bullish.
Can you provide the RSI signal for SHINHAN FINANCIAL GROUP-ADR?
SHINHAN FINANCIAL GROUP-ADR (SHG) has an RSI value of 61.5992. This indicates that the stock is currently neutral.
Can you provide the MACD signal for SHINHAN FINANCIAL GROUP-ADR?
The MACD indicator for SHINHAN FINANCIAL GROUP-ADR (SHG) has a value of 0.147849, indicating a bearish trend.
What is the support and resistance level for SHG stock?
SHINHAN FINANCIAL GROUP-ADR (SHG) has a support level at 53.3. Check the full technical report for our detailed analysis of SHG support and resistance levels.