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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 2024-04-09 View latest technical analysis

10 day averaged volume of Shinhan Financial is 172460

Date	Daily Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	32.80	32.55	32.90	32.25	1.611 times
08 Mon Apr 2024	33.19	33.04	33.44	32.76	0.943 times
05 Fri Apr 2024	33.00	32.91	33.07	32.72	0.609 times
04 Thu Apr 2024	33.00	33.29	33.76	32.90	0.885 times
03 Wed Apr 2024	32.79	32.39	32.97	32.24	0.825 times
02 Tue Apr 2024	33.35	33.36	33.40	33.15	0.678 times
01 Mon Apr 2024	33.64	34.08	34.49	33.52	0.916 times
28 Thu Mar 2024	35.49	35.36	35.52	35.21	1.143 times
27 Wed Mar 2024	35.39	35.04	35.49	34.82	2.096 times
26 Tue Mar 2024	36.21	36.18	36.52	35.91	1.415 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 33.5, but if it comes above 33.5, then a intra day buy could be more profitable.
If you take a sell trade below 33.5, then use 33.5 as stoploss and 31.3 as target. However if you take a buy trade in stock , then use 33.5 as stoploss and 35.41 as target.

Share price targets for Shinhan Financial (SHG)

Target Type	Value
Downside Target	27.09
Downside Target	27.71
Downside Target	31.02
Downside Target	32.24
Upside Target	33.44
Upside Target	34.75
Upside Target	34.82
Upside Target	35.93
Upside Target	37.99
Upside Target	38.32
Upside Target	38.65

Intraday share price targets for Shinhan Financial (SHG)

Target Type	Value
Downside Intraday Target	32.22
Downside Intraday Target	31.64
Upside Intraday Target	33.41
Upside Intraday Target	34.02
Upside Intraday Target	32.83

Weekly technical analysis of Shinhan Financial (SHG)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	32.80	33.04	33.44	32.25	0.653 times
05 Fri Apr 2024	33.00	34.08	34.49	32.24	0.761 times
28 Thu Mar 2024	35.49	37.92	37.99	34.82	1.243 times
22 Fri Mar 2024	37.47	37.24	38.32	35.93	1.195 times
15 Fri Mar 2024	37.38	35.08	38.65	34.75	0.994 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
09 Tue Apr 2024	32.80	34.08	34.49	32.24	0.382 times
28 Thu Mar 2024	35.49	32.69	38.65	32.49	1.155 times
29 Thu Feb 2024	32.58	31.80	33.98	31.14	0.801 times
31 Wed Jan 2024	30.69	30.09	31.02	27.09	1.272 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 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 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 gaining 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 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 34.16 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 positive

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