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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 2024-10-17 View latest technical analysis

10 day averaged volume of Shinhan Financial is 173840

Date	Daily Closing Price	Open	High	Low	Volume
17 Thu Oct 2024	41.56	41.76	41.77	41.36	0.988 times
16 Wed Oct 2024	41.83	41.76	41.92	41.56	0.635 times
15 Tue Oct 2024	41.87	42.81	42.81	41.84	0.673 times
14 Mon Oct 2024	43.20	42.71	43.23	42.54	0.855 times
11 Fri Oct 2024	42.60	42.36	42.80	41.75	3.303 times
10 Thu Oct 2024	42.08	42.07	42.21	41.91	0.681 times
09 Wed Oct 2024	41.59	41.30	41.82	41.30	1.166 times
08 Tue Oct 2024	41.51	41.63	41.63	41.24	1.195 times
07 Mon Oct 2024	41.43	41.50	41.75	41.21	0.632 times
04 Fri Oct 2024	41.35	41.35	41.62	40.93	0.622 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 41.3 as stoploss in an intra day buy trade for a target of 42.15. However, stock will show a bearish move below 41.3.

Share price targets for Shinhan Financial (SHG)

Target Type	Value
Downside Target	33.03
Downside Target	34.59
Downside Target	35.47
Downside Target	38.21
Downside Target	39.27
Downside Target	40.34
Upside Target	42.80
Upside Target	43.23
Upside Target	43.45
Upside Target	43.67
Upside Target	44.89
Upside Target	46.05

Intraday share price targets for Shinhan Financial (SHG)

Target Type	Value
Downside Intraday Target	40.87
Downside Intraday Target	40.18
Upside Intraday Target	42.74
Upside Intraday Target	43.92
Upside Intraday Target	42.05

Weekly technical analysis of Shinhan Financial (SHG)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Thu Oct 2024	41.56	42.71	43.23	41.36	0.452 times
11 Fri Oct 2024	42.60	41.50	42.80	41.21	2.544 times
04 Fri Oct 2024	41.35	42.97	42.97	40.93	0.386 times
27 Fri Sep 2024	43.57	41.86	44.89	40.34	2.23 times
20 Fri Sep 2024	41.89	42.74	43.45	41.73	1.045 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
17 Thu Oct 2024	41.56	42.49	43.23	40.93	0.747 times
30 Mon Sep 2024	42.37	42.45	44.89	39.27	1.013 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

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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 Weak and stock is gaining momentum.

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

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. Bears are getting stronger in this stock.

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

CCI has generated a SELL signal for Shinhan Financial in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling 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 42.06 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.