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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 2024-09-12 View latest technical analysis

10 day averaged volume of Shinhan Financial is 111790

Date	Daily Closing Price	Open	High	Low	Volume
12 Thu Sep 2024	40.52	40.16	40.64	40.03	1.065 times
11 Wed Sep 2024	40.24	39.89	40.32	39.27	1.486 times
10 Tue Sep 2024	41.86	42.44	42.44	41.47	0.75 times
09 Mon Sep 2024	42.29	42.15	42.40	41.88	0.665 times
06 Fri Sep 2024	42.00	42.78	42.87	41.68	1.501 times
05 Thu Sep 2024	42.43	42.33	42.52	42.14	0.889 times
04 Wed Sep 2024	41.97	41.60	42.20	41.58	0.622 times
03 Tue Sep 2024	42.03	42.45	42.52	41.93	0.719 times
30 Fri Aug 2024	42.45	42.29	42.49	42.07	1.158 times
30 Fri Aug 2024	42.45	42.29	42.49	42.07	1.158 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 41.4, but if it comes above 41.4, then a intra day buy could be more profitable.
If you take a sell trade below 41.4, then use 41.4 as stoploss and 39.7 as target. However if you take a buy trade in stock , then use 41.4 as stoploss and 42.83 as target.

Share price targets for Shinhan Financial (SHG)

Target Type	Value
Downside Target	33.03
Downside Target	34.59
Downside Target	35.47
Downside Target	36.33
Downside Target	38.21
Downside Target	39.27
Upside Target	41.58
Upside Target	42.87
Upside Target	43.67
Upside Target	45.58
Upside Target	46.05

Intraday share price targets for Shinhan Financial (SHG)

Target Type	Value
Downside Intraday Target	39.05
Downside Intraday Target	37.57
Upside Intraday Target	42.22
Upside Intraday Target	43.91
Upside Intraday Target	40.74

Weekly technical analysis of Shinhan Financial (SHG)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Thu Sep 2024	40.52	42.15	42.44	39.27	1.063 times
06 Fri Sep 2024	42.00	42.45	42.87	41.58	3.221 times
30 Fri Aug 2024	42.45	42.29	42.49	42.07	0.253 times
30 Fri Aug 2024	42.45	45.92	46.05	42.07	0.868 times
23 Fri Aug 2024	45.52	42.78	45.58	42.70	0.76 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
12 Thu Sep 2024	40.52	42.45	42.87	39.27	0.306 times
30 Fri Aug 2024	42.45	43.69	46.05	38.21	1.117 times
31 Wed Jul 2024	43.33	34.84	43.67	34.59	1.243 times
28 Fri Jun 2024	34.81	34.62	35.47	33.03	1.106 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 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 SELL. Signal strength is Strong and stock is losing momentum.

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

Shinhan Financial Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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

CCI has generated a buy signal for Shinhan Financial in short term but BUY signal is weak.

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 41.73 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.