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(SHG) Shinhan Financial complete technical analysis [charts+indicators] | Buy/Sell Shinhan Financial | (SHG) share price targets

Complete technical analysis of Shinhan Financial (SHG) by charts plus indicators, forecast predictions and share price targets for Shinhan Financial (SHG)

Shinhan Financial trades in USA in Finance sector.

Showing technical analysis as on 2024-03-06 View latest technical analysis

10 day averaged volume of Shinhan Financial is 84060

Date	Daily Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	34.00	33.99	34.13	33.75	2.198 times
05 Tue Mar 2024	33.48	33.34	33.69	33.30	1.485 times
04 Mon Mar 2024	33.59	33.30	33.59	33.26	0.968 times
01 Fri Mar 2024	32.61	32.69	32.75	32.49	1.482 times
29 Thu Feb 2024	32.58	32.74	32.79	32.32	1.062 times
28 Wed Feb 2024	32.00	31.76	32.16	31.76	0.937 times
27 Tue Feb 2024	31.55	31.50	31.64	31.35	0.652 times
26 Mon Feb 2024	31.15	31.50	31.58	31.14	1.133 times
23 Fri Feb 2024	32.68	32.45	32.70	32.45	0.619 times
22 Thu Feb 2024	32.19	32.36	32.42	32.09	0.935 times

Stock of Shinhan Financial (SHG) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 34.2, for a target of 33.4 or 32.72

Share price targets for Shinhan Financial (SHG)

Target Type	Value
Downside Target	25.52
Downside Target	27.09
Downside Target	27.71
Downside Target	28.57
Downside Target	31.02
Downside Target	32.79
Downside Target	33.26
Downside Target	33.65
Downside Target	33.75
Downside Target	33.98
Upside Target	34.13

Intraday share price targets for Shinhan Financial (SHG)

Target Type	Value
Downside Intraday Target	33.46
Downside Intraday Target	32.93
Upside Intraday Target	34.33
Upside Intraday Target	34.67
Downside Intraday Target	33.8

Weekly technical analysis of Shinhan Financial (SHG)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	34.00	33.30	34.13	33.26	0.883 times
01 Fri Mar 2024	32.61	31.50	32.79	31.14	1.346 times
23 Fri Feb 2024	32.68	32.56	32.71	32.09	0.744 times
16 Fri Feb 2024	33.25	33.24	33.75	32.49	0.601 times
09 Fri Feb 2024	33.15	32.22	33.65	31.62	0.617 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Shinhan Financial (SHG)

Date	Monthly Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	34.00	32.69	34.13	32.49	0.204 times
29 Thu Feb 2024	32.58	31.80	33.98	31.14	0.801 times
31 Wed Jan 2024	30.69	30.09	31.02	27.09	1.272 times
29 Fri Dec 2023	30.78	27.81	31.12	27.71	0.972 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Shinhan Financial (SHG)

Price action analysis of Shinhan Financial ( (SHG) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Shinhan Financial ( (SHG) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Shinhan Financial ( (SHG) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Shinhan Financial stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Shinhan Financial in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Shinhan Financial Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Shinhan Financial in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Shinhan Financial is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 32.78 and Shinhan Financial (SHG) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Shinhan Financial (SHG) stock. Volume based technical analysis of Shinhan Financial (SHG) stock is negative.

Shinhan Financial Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.