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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 2024-07-16 View latest technical analysis

10 day averaged volume of Shinhan Financial is 116403

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Jul 2024	38.09	37.80	38.15	37.65	0.927 times
15 Mon Jul 2024	37.13	37.48	37.48	37.13	0.538 times
12 Fri Jul 2024	37.65	38.12	38.12	37.46	1.051 times
11 Thu Jul 2024	37.75	37.75	37.96	37.70	0.667 times
10 Wed Jul 2024	37.17	37.13	37.23	37.03	1.234 times
09 Tue Jul 2024	37.20	37.45	37.45	37.16	1.228 times
08 Mon Jul 2024	37.62	37.73	37.80	37.61	0.877 times
05 Fri Jul 2024	38.31	38.40	38.49	38.02	1.355 times
03 Wed Jul 2024	37.18	36.65	37.30	36.65	1.072 times
03 Wed Jul 2024	37.18	36.65	37.30	36.65	1.072 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 37.6, but if it comes below 37.6, then a intra day sell could be more profitable.
If you take a sell trade below 37.6, then use 37.6 as stoploss and 36 as target. However if you take a buy trade in stock , then use 37.6 as stoploss and 39.6 as target.

Share price targets for Shinhan Financial (SHG)

Target Type	Value
Downside Target	29.25
Downside Target	32.49
Downside Target	36.33
Downside Target	37.03
Downside Target	37.13
Downside Target	37.30
Upside Target	38.12
Upside Target	38.15
Upside Target	38.49
Upside Target	38.65

Intraday share price targets for Shinhan Financial (SHG)

Target Type	Value
Downside Intraday Target	37.43
Downside Intraday Target	36.77
Upside Intraday Target	38.45
Upside Intraday Target	38.81
Downside Intraday Target	37.79

Weekly technical analysis of Shinhan Financial (SHG)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Jul 2024	38.09	37.48	38.15	37.13	0.29 times
12 Fri Jul 2024	37.65	37.73	38.12	37.03	2.083 times
05 Fri Jul 2024	38.31	36.65	38.49	36.65	0.941 times
03 Wed Jul 2024	37.18	34.84	37.30	34.59	0.541 times
28 Fri Jun 2024	34.81	34.31	35.07	33.92	1.533 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
16 Tue Jul 2024	38.09	34.84	38.49	34.59	0.663 times
28 Fri Jun 2024	34.81	34.62	35.47	33.03	1.106 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

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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

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 and the buying is gaining 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 37.54 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.