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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 2024-07-12 View latest technical analysis

10 day averaged volume of Shinhan Financial is 113610

Date	Daily Closing Price	Open	High	Low	Volume
12 Fri Jul 2024	37.65	38.12	38.12	37.46	1.076 times
11 Thu Jul 2024	37.75	37.75	37.96	37.70	0.683 times
10 Wed Jul 2024	37.17	37.13	37.23	37.03	1.264 times
09 Tue Jul 2024	37.20	37.45	37.45	37.16	1.258 times
08 Mon Jul 2024	37.62	37.73	37.80	37.61	0.899 times
05 Fri Jul 2024	38.31	38.40	38.49	38.02	1.388 times
03 Wed Jul 2024	37.18	36.65	37.30	36.65	1.098 times
03 Wed Jul 2024	37.18	36.65	37.30	36.65	1.098 times
02 Tue Jul 2024	36.08	35.70	36.11	35.62	0.929 times
01 Mon Jul 2024	34.61	34.84	34.86	34.59	0.615 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 37.3, but if it comes below 37.3, then a intra day sell could be more profitable.
If you take a sell trade below 37.3, then use 37.3 as stoploss and 35.62 as target. However if you take a buy trade in stock , then use 37.3 as stoploss and 39.2 as target.

Share price targets for Shinhan Financial (SHG)

Target Type	Value
Downside Target	29.25
Downside Target	32.49
Downside Target	35.47
Downside Target	36.33
Downside Target	36.65
Downside Target	37.03
Downside Target	37.30
Upside Target	38.12
Upside Target	38.49
Upside Target	38.65

Intraday share price targets for Shinhan Financial (SHG)

Target Type	Value
Downside Intraday Target	37.08
Downside Intraday Target	36.51
Upside Intraday Target	38.17
Upside Intraday Target	38.69
Downside Intraday Target	37.6

Weekly technical analysis of Shinhan Financial (SHG)

Date	Weekly Closing Price	Open	High	Low	Volume
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
21 Fri Jun 2024	33.93	33.38	34.46	33.27	2.013 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
12 Fri Jul 2024	37.65	34.84	38.49	34.59	0.578 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Shinhan Financial stock for short term is BUY. Signal strength is Strong and stock is losing 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

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

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 37.21 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.