SHINHAN FINANCIAL GROUP-ADR (SHG) Stock Technical Analysis
USA - NYSE:SHG - US8245961003 - ADR
52.395 USD
+0.83 (+1.6%)
Taking everything into account, SHG scores 6 out of 10 in our technical rating. Although SHG is only a medium performer in the overall market, the technical picture looks good in both the medium and short 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.
SHG is one of the better performing stocks in the Banks industry, it outperforms 87% of 391 stocks in the same industry.
SHG is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month SHG has a been trading in the 47.05 - 52.08 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, SHG did better than 77% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
Volume is considerably higher in the last couple of days.
SHG has an average technical rating and it also does not offer a high quality setup 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
52.92
When analyzing the support we can see 5 important areas.
- A support zone ranging from 51.26 to 51.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 48.68 to 49.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 46.80 to 47.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @32.17 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 | NEUTRAL | NEUTRAL | The short term trend for SHG is neutral. |
| ChartMill Relative Strength | 77.66 | POSITIVE | SHG has a high relative strength, it outperformed 77.66% 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) | 59.99 | NEUTRAL | The RSI value for SHG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests SHG has a positive trend. |
| Stochastics (14,3) | 70.67 | NEUTRAL | The Stochastics value for SHG is a neutral value. |
| Average True Range in percent/ATR (20) | 1.88 | LOW VOLATILITY | The low ATR as a percentage value for SHG suggests low volalility. |
| Average Directional Index/ADX (14) | 14.36 | NEGATIVE | The low ADX value for SHG 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)
NYSE:SHG (10/17/2025, 1:06:05 PM)
52.395
+0.83 (+1.6%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.6%
1 Week0.49%
2 Weeks2.65%
1 Month4.67%
3 Month4.63%
6 Month54.63%
12 Month24.24%
2 Year102.32%
3 Year103.92%
5 Year91.64%
10 Year34.47%
15 Year32.62%
Volatility
ATR(14)1.1
ATR(20)%1.88%
ATR Inc84.66%
Range Today1.04
ADR(20)0.79
ADR(20)%1.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.66
Mansfield1.74
10 Day High52.08
10 Day Low47.05
20 Day High52.08
20 Day Low47.05
52 Week High52.08
52 Week Low28.76
CS1 End51.26
CR1 Start51.58
Volume & EV
DER(3)2.94%
DER(5)2.19%
Volume138.97K
Volume Incr53.49%
Vol(5)365.30K
Vol(50)206.39K