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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 2024-10-07 View latest technical analysis

10 day averaged volume of Shinhan Financial is 171240

Date	Daily Closing Price	Open	High	Low	Volume
07 Mon Oct 2024	41.43	41.50	41.75	41.21	0.641 times
04 Fri Oct 2024	41.35	41.35	41.62	40.93	0.631 times
03 Thu Oct 2024	41.65	41.79	41.84	41.51	0.241 times
02 Wed Oct 2024	42.26	42.00	42.42	41.85	0.548 times
01 Tue Oct 2024	41.71	42.49	42.49	41.61	0.717 times
30 Mon Sep 2024	42.37	42.97	42.97	42.08	0.647 times
27 Fri Sep 2024	43.57	44.16	44.50	43.57	1.216 times
26 Thu Sep 2024	44.78	43.59	44.89	43.48	1.867 times
25 Wed Sep 2024	40.74	40.43	40.95	40.34	2.805 times
24 Tue Sep 2024	42.73	42.50	42.78	42.46	0.579 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 41.1 as stoploss in an intra day buy trade for a target of 42.15. However, stock will show a bearish move below 41.1.

Share price targets for Shinhan Financial (SHG)

Target Type	Value
Downside Target	33.03
Downside Target	34.59
Downside Target	35.47
Downside Target	38.21
Downside Target	39.27
Downside Target	40.34
Upside Target	42.49
Upside Target	42.97
Upside Target	43.45
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	41.18
Downside Intraday Target	40.92
Upside Intraday Target	41.72
Upside Intraday Target	42
Upside Intraday Target	41.46

Weekly technical analysis of Shinhan Financial (SHG)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Mon Oct 2024	41.43	41.50	41.75	41.21	0.23 times
04 Fri Oct 2024	41.35	42.97	42.97	40.93	0.386 times
27 Fri Sep 2024	43.57	41.86	44.89	40.34	2.23 times
20 Fri Sep 2024	41.89	42.74	43.45	41.73	1.045 times
13 Fri Sep 2024	42.21	42.15	42.45	39.27	1.272 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
07 Mon Oct 2024	41.43	42.49	42.49	40.93	0.167 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
31 Wed Jul 2024	43.33	34.84	43.67	34.59	1.243 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 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 Weak and stock is losing momentum.

MACD generated a SELL signal for Shinhan Financial in short term but the sell signal is initial and weak.

Shinhan Financial Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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 BUY signal in short term but buying is losing 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 42.33 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.