Technical Analysis for SHBI - Shore Bancshares Inc

Grade Last Price % Change Price Change
C 16.1 -2.31% -0.38
SHBI closed down 2.31 percent on Thursday, April 22, 2021, on 41 percent of normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.
Earnings due: Apr 28
*** please verify all earnings dates ***

Trend Table & Recent EOD Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Down Down
Historical SHBI trend table...

Date Alert Name Type % Chg
Fell Below 50 DMA Bearish 0.00%
Expansion Pivot Sell Setup Bearish Swing Setup 0.00%
Lower Bollinger Band Walk Weakness 0.00%
Below Lower BB Weakness 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Oversold Stochastic Weakness 0.00%
MACD Bearish Centerline Cross Bearish -2.31%
Crossed Above 50 DMA Bullish -2.31%
Stochastic Buy Signal Bullish -2.31%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup -2.31%
Older End-of-Day Signals for SHBI ...

   Recent Intraday Alerts -- Get these alerts pushed to you via our Mobile App

Alert Time
60 Minute Opening Range Breakdown about 4 hours ago
Down 1% about 4 hours ago
Fell Below Lower Bollinger Band about 4 hours ago
Possible Inside Day about 4 hours ago
50 DMA Support about 8 hours ago
View Earlier Intraday Alerts

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Shore Bancshares Inc Description

Shore Bancshares, Inc., through its subsidiaries, provides various commercial banking products and services to individuals and businesses in Maryland and Delaware. The company operates in two segments, Community Banking, and Insurance Products and Services. It offers various deposit products, including checking, savings and money market accounts, regular and IRA certificates of deposit, and Christmas Savings accounts, as well as CDARS program, cash management services, and various checking services. The company also offers commercial loans, such as secured and unsecured loans, working capital loans, lines of credit, term loans, accounts receivable financing, real estate acquisition development, construction loans, and letters of credit; and loans to consumers comprising mortgage, home improvement, installment, and other personal loans; personal lines of credit; and automobile and other consumer financing. In addition, it provides merchant credit card clearing services, direct deposit of payroll, Internet and telephone banking services, safe deposit boxes, debit and credit cards, and automatic teller machine (ATM) services. Further, the company offers non-deposit products, such as mutual funds and annuities, and discount brokerage services; trust, asset management, and financial planning services; and insurance products and services to businesses and consumers, including property and casualty, life, marine, individual health, and long term care insurance, as well as pension and profit sharing plans and retirement plans for executives and employees. Shore Bancshares, Inc. operates 18 full service branches and 20 ATMs in the Kent County, Queen Anne's County, Caroline County, Talbot County, and Dorchester County in Maryland, as well as in Kent County, Delaware. Shore Bancshares, Inc. was founded in 1876 and is based in Easton, Maryland.


Sector: Financial Services
Industry: Banks - Regional - US
Keywords: Banking Bank Deposit Products Commercial Banking Insurance Products Cash Management Services Asset Management Banking Products Telephone Banking ATM Financial Planning Services Telephone Banking Services Discount Brokerage Clearing Services Sterling Bank Long Term Care Long Term Care Insurance Discount Brokerage Services Chester County Non Deposit Products

Is SHBI a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength


Indicator Value
52 Week High 18.1
52 Week Low 8.0
Average Volume 66,516
200-Day Moving Average 13.07
50-Day Moving Average 16.43
20-Day Moving Average 17.02
10-Day Moving Average 16.72
Average True Range 0.44
ADX 18.42
+DI 17.46
-DI 25.29
Chandelier Exit (Long, 3 ATRs ) 16.70
Chandelier Exit (Short, 3 ATRs ) 17.41
Upper Bollinger Band 17.87
Lower Bollinger Band 16.17
Percent B (%b) -0.04
BandWidth 9.98
MACD Line -0.07
MACD Signal Line 0.10
MACD Histogram -0.1711
Fundamentals Value
Market Cap 193.79 Million
Num Shares 12 Million
EPS 1.27
Price-to-Earnings (P/E) Ratio 12.72
Price-to-Sales 2.82
Price-to-Book 0.84
PEG Ratio 1.78
Dividend 0.48
Dividend Yield 2.98%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 16.81
Resistance 3 (R3) 16.88 16.73 16.69
Resistance 2 (R2) 16.73 16.55 16.69 16.65
Resistance 1 (R1) 16.41 16.44 16.34 16.34 16.61
Pivot Point 16.26 16.26 16.22 16.22 16.26
Support 1 (S1) 15.94 16.08 15.87 15.87 15.59
Support 2 (S2) 15.79 15.97 15.75 15.55
Support 3 (S3) 15.47 15.79 15.51
Support 4 (S4) 15.40