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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 2024-06-18 View latest technical analysis

10 day averaged volume of Shinhan Financial is 92990

Date	Daily Closing Price	Open	High	Low	Volume
18 Tue Jun 2024	33.58	33.38	33.67	33.27	1.114 times
18 Tue Jun 2024	33.58	33.38	33.67	33.27	1.114 times
17 Mon Jun 2024	33.88	33.72	33.91	33.58	0.819 times
14 Fri Jun 2024	34.00	33.91	34.02	33.71	0.84 times
13 Thu Jun 2024	34.14	34.71	34.71	33.94	1.492 times
12 Wed Jun 2024	35.20	35.24	35.47	35.05	1.21 times
11 Tue Jun 2024	33.54	33.67	33.67	33.32	0.861 times
10 Mon Jun 2024	33.95	33.77	33.97	33.59	1.214 times
07 Fri Jun 2024	34.04	33.95	34.32	33.95	1.075 times
06 Thu Jun 2024	33.60	33.68	33.72	33.58	0.654 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 33.6, but if it comes above 33.6, then a intra day buy could be more profitable.
If you take a sell trade below 33.6, then use 33.6 as stoploss and 32.9 as target. However if you take a buy trade in stock , then use 33.6 as stoploss and 34.09 as target.

Share price targets for Shinhan Financial (SHG)

Target Type	Value
Downside Target	29.25
Downside Target	31.14
Downside Target	32.49
Upside Target	33.98
Upside Target	34.49
Upside Target	34.64
Upside Target	35.47
Upside Target	36.33
Upside Target	38.65

Intraday share price targets for Shinhan Financial (SHG)

Target Type	Value
Downside Intraday Target	33.34
Downside Intraday Target	33.11
Upside Intraday Target	33.74
Upside Intraday Target	33.91
Downside Intraday Target	33.51

Weekly technical analysis of Shinhan Financial (SHG)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Tue Jun 2024	33.58	33.38	33.67	33.27	0.576 times
18 Tue Jun 2024	33.58	33.72	33.91	33.27	0.344 times
14 Fri Jun 2024	34.00	33.77	35.47	33.32	1.286 times
07 Fri Jun 2024	34.04	34.62	34.64	33.03	1.02 times
31 Fri May 2024	34.40	34.49	34.49	33.74	0.699 times

Price has moved down 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
18 Tue Jun 2024	33.58	34.62	35.47	33.03	0.662 times
31 Fri May 2024	34.40	33.74	36.33	33.26	0.528 times
30 Tue Apr 2024	33.75	34.08	34.49	29.25	1.185 times
28 Thu Mar 2024	35.49	32.69	38.65	32.49	1.155 times

Scroll below to view daily charts

Price has moved down 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Shinhan Financial ( (SHG) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Shinhan Financial ( (SHG) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Shinhan Financial stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Shinhan Financial in short term and the sell signal is strong.

Shinhan Financial Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Shinhan Financial in short term

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

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 34 and Shinhan Financial (SHG) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative returns over a short term period. Returns for a longer term period have been negative.

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