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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 2024-11-01 View latest technical analysis

10 day averaged volume of Shinhan Financial is 125250

Date	Daily Closing Price	Open	High	Low	Volume
01 Fri Nov 2024	39.10	39.12	39.78	39.10	0.944 times
31 Thu Oct 2024	37.82	37.69	38.00	37.41	2.163 times
30 Wed Oct 2024	39.33	39.76	39.76	39.33	1.247 times
29 Tue Oct 2024	40.86	40.78	41.01	40.76	1.417 times
28 Mon Oct 2024	40.47	40.44	40.65	40.37	0.827 times
25 Fri Oct 2024	41.32	41.85	42.33	41.32	1.147 times
24 Thu Oct 2024	40.82	41.00	41.00	40.56	0.486 times
23 Wed Oct 2024	40.89	40.68	40.91	40.55	0.538 times
22 Tue Oct 2024	40.85	40.64	40.92	40.64	0.65 times
21 Mon Oct 2024	40.42	41.00	41.00	40.39	0.824 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 39.9, but if it comes above 39.9, then a intra day buy could be more profitable.
If you take a sell trade below 39.9, then use 39.9 as stoploss and 38.4 as target. However if you take a buy trade in stock , then use 39.9 as stoploss and 41.05 as target.

Share price targets for Shinhan Financial (SHG)

Target Type	Value
Downside Target	34.59
Downside Target	37.41
Downside Target	38.21
Downside Target	39.10
Upside Target	42.33
Upside Target	42.80
Upside Target	42.97
Upside Target	43.23
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	37.34
Downside Intraday Target	35.57
Upside Intraday Target	40.94
Upside Intraday Target	42.77
Upside Intraday Target	39.17

Weekly technical analysis of Shinhan Financial (SHG)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Fri Nov 2024	39.10	40.44	41.01	37.41	1.81 times
25 Fri Oct 2024	41.32	41.00	42.33	40.39	0.718 times
18 Fri Oct 2024	41.51	42.71	43.23	41.36	0.524 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

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Shinhan Financial (SHG)

Date	Monthly Closing Price	Open	High	Low	Volume
01 Fri Nov 2024	39.10	39.12	39.78	39.10	0.035 times
31 Thu Oct 2024	37.82	42.49	43.23	37.41	1.187 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

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 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 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 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red 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 SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL 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 39.85 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.