SHINHAN FINANCIAL GROUP-ADR (SHG) Stock Technical Analysis
NYSE:SHG - New York Stock Exchange, Inc. - US8245961003 - ADR - Currency: USD
Overall SHG gets a technical rating of 5 out of 10. In the past year, SHG was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
SHG is one of the lesser performing stocks in the Banks industry. 63% of 398 stocks in the same industry do better.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month SHG has a been trading in the 28.76 - 34.77 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, SHG turns out to be only a medium performer in the overall market: it outperformed 61% of all stocks.
SHG is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Considerably lower volume is observed in the last couple of days.
SHG 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
29.70
34.98
When analyzing the support we can see 2 important areas.
- A support zone ranging from 30.84 to 31.08. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @30.00 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 34.60 to 34.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS61.65
Mansfield-0.29
10 Day High34.77
10 Day Low30.02
20 Day High34.77
20 Day Low28.76
52 Week High46.05
52 Week Low28.76
Performance
1 Week3.07%
2 Weeks10.09%
1 Month5.07%
3 Month-1.62%
6 Month-16.29%
12 Month1.26%
2 Year31.72%
3 Year5.75%
5 Year35.54%
10 Year-17.56%
15 Year-18.75%
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)
Technical Indicators
MACD(12,26,9)0.37
RSI(14)61.54
LBB29.18
UBB35.87
34.59
-0.03 (-0.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.09%
1 Week3.07%
2 Weeks10.09%
1 Month5.07%
3 Month-1.62%
6 Month-16.29%
12 Month1.26%
2 Year31.72%
3 Year5.75%
5 Year35.54%
10 Year-17.56%
15 Year-18.75%
Volatility
ATR(14)1.22
ATR(20)%3.19%
ATR Inc-67.47%
Range Today0.49
ADR(20)0.94
ADR(20)%2.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS61.65
Mansfield-0.29
10 Day High34.77
10 Day Low30.02
20 Day High34.77
20 Day Low28.76
52 Week High46.05
52 Week Low28.76
CS1 End31.08
CR1 Start34.6
Volume & EV
DER(3)4.64%
DER(5)1.78%
Volume154.60K
Volume Incr-26.11%
Vol(5)182.62K
Vol(50)310.29K