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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 2024-07-23 View latest technical analysis

10 day averaged volume of Shinhan Financial is 103208

Date	Daily Closing Price	Open	High	Low	Volume
23 Tue Jul 2024	39.33	39.33	39.52	39.17	0.595 times
22 Mon Jul 2024	39.30	39.45	39.57	38.97	0.889 times
19 Fri Jul 2024	37.67	38.00	38.13	37.63	0.738 times
18 Thu Jul 2024	37.95	38.73	38.73	37.88	0.772 times
17 Wed Jul 2024	38.36	38.67	38.67	38.27	1.235 times
16 Tue Jul 2024	38.09	37.80	38.15	37.65	1.045 times
15 Mon Jul 2024	37.13	37.48	37.48	37.13	0.607 times
12 Fri Jul 2024	37.65	38.12	38.12	37.46	1.185 times
11 Thu Jul 2024	37.75	37.75	37.96	37.70	0.752 times
10 Wed Jul 2024	37.17	37.13	37.23	37.03	1.391 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 38.6, but if it comes below 38.6, then a intra day sell could be more profitable.
If you take a sell trade below 38.6, then use 38.6 as stoploss and 37.09 as target. However if you take a buy trade in stock , then use 38.6 as stoploss and 40.4 as target.

Share price targets for Shinhan Financial (SHG)

Target Type	Value
Downside Target	29.25
Downside Target	32.49
Downside Target	34.49
Downside Target	35.47
Downside Target	36.33
Downside Target	38.12
Downside Target	38.49
Downside Target	38.65
Downside Target	38.73
Downside Target	38.97
Upside Target	39.57

Intraday share price targets for Shinhan Financial (SHG)

Target Type	Value
Downside Intraday Target	39.01
Downside Intraday Target	38.69
Upside Intraday Target	39.61
Upside Intraday Target	39.89
Downside Intraday Target	39.29

Weekly technical analysis of Shinhan Financial (SHG)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Tue Jul 2024	39.33	39.45	39.57	38.97	0.338 times
19 Fri Jul 2024	37.67	37.48	38.73	37.13	0.771 times
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

Price has moved up 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
23 Tue Jul 2024	39.33	34.84	39.57	34.59	0.878 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, 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 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 gaining 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 moving up

CCI has generated a buy signal for Shinhan Financial in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying 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 37.99 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.