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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 2024-07-25 View latest technical analysis

10 day averaged volume of Shinhan Financial is 90008

Date	Daily Closing Price	Open	High	Low	Volume
25 Thu Jul 2024	38.81	38.88	39.34	38.80	1.44 times
24 Wed Jul 2024	38.54	39.50	39.65	38.53	1.034 times
23 Tue Jul 2024	39.33	39.33	39.52	39.17	0.682 times
22 Mon Jul 2024	39.30	39.45	39.57	38.97	1.02 times
19 Fri Jul 2024	37.67	38.00	38.13	37.63	0.847 times
18 Thu Jul 2024	37.95	38.73	38.73	37.88	0.885 times
17 Wed Jul 2024	38.36	38.67	38.67	38.27	1.417 times
16 Tue Jul 2024	38.09	37.80	38.15	37.65	1.199 times
15 Mon Jul 2024	37.13	37.48	37.48	37.13	0.696 times
12 Fri Jul 2024	37.65	38.12	38.12	37.46	1.359 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 38.8, but if it comes below 38.8, then a intra day sell could be more profitable.
If you take a sell trade below 38.8, then use 38.8 as stoploss and 37.54 as target. However if you take a buy trade in stock , then use 38.8 as stoploss and 40.2 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	38.53
Downside Target	38.65
Downside Target	38.73
Upside Target	39.65

Intraday share price targets for Shinhan Financial (SHG)

Target Type	Value
Downside Intraday Target	38.34
Downside Intraday Target	37.88
Upside Intraday Target	39.46
Upside Intraday Target	40.12
Upside Intraday Target	39

Weekly technical analysis of Shinhan Financial (SHG)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Thu Jul 2024	38.81	39.45	39.65	38.53	0.828 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
25 Thu Jul 2024	38.81	34.84	39.65	34.59	0.988 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 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 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 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 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 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.

Shinhan Financial Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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

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 38.3 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.