Technical Analysis for SHG - Shinhan Financial Group Co Ltd

Grade Last Price % Change Price Change
grade C 35.36 -1.45% -0.52
SHG closed down 1.45 percent on Thursday, September 19, 2019, on 61 percent of normal volume. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Strong Down Flat Down
See historical SHG trend table...

Date Alert Name Type % Chg
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 0.00%
Overbought Stochastic Strength 0.00%
Down 3 Days in a Row Weakness 0.00%
Overbought Stochastic Strength -1.45%
Overbought Stochastic Strength -2.00%
Upper Bollinger Band Walk Strength -2.29%
Overbought Stochastic Strength -2.29%
Up 3 Days in a Row Strength -2.29%
Up 4 Days in a Row Strength -2.29%
Up 5 Days in a Row Strength -2.29%

Older signals for SHG ...

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Profile
Shinhan Financial Group Co., Ltd. provides a range of financial products and services to corporations, institutional investors, governments, and individuals in Korea and internationally. The company offers retail banking services, which include mortgage and home equity lending and retail lending; demand, savings, and fixed deposit-taking; checking account services, and electronic banking and ATM services; and bill paying services, payroll and check-cashing services, currency exchange, and wire fund transfer services. It also provides corporate banking services that include corporate lending, treasury, and securities investment services. In addition, the company offers investment banking services comprising merger and acquisition advisory services, bond issuances, underwriting, capital increase, asset-backed securitizations, issuance of convertible bonds and bonds with warrants, structured financing, and issuance of asset-backed commercial papers, as well as project financings involving infrastructure, real estate, and shipbuilding. Further, it engages in trading of securities and derivatives, investment portfolio management, and other banking activities; and provides trust account management, credit card, securities brokerage, and life insurance services, as well as asset management services. Additionally, the company provides leasing and equipment financing, investment trust management, regional banking, and loan collection and credit reporting services. As of December 31, 2012, it operated a network of 949 branches, 333 cash dispensers, and 7,423 ATMs in Korea. The company also operates a network of 65 offices in the United States, Canada, the United Kingdom, Japan, the People's Republic of China, Germany, India, Hong Kong, Vietnam, Cambodia, Kazakhstan, and Singapore. Shinhan Financial Group Co., Ltd. was founded in 1982 and is headquartered in Seoul, South Korea.
Financial Services Banking Bank Real Estate Economic History Of Italy Financial Law Structured Finance Investment Banks Financial Products ATM Asset Management Services Investment Banking Asset Backed Security Retail Banking Services Securities Brokerage Investment Banking Services Account Services Electronic Banking Corporate Banking Services Investment Portfolio Management Retail Lending Investment Trust Management Life Insurance Services
Is SHG a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 1 bullish, 1 bearish and 3 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 41.79
52 Week Low 32.14
Average Volume 95,649
200-Day Moving Average 37.1712
50-Day Moving Average 35.1962
20-Day Moving Average 34.3375
10-Day Moving Average 35.562
Average True Range 0.5426
ADX 28.22
+DI 31.1715
-DI 23.1021
Chandelier Exit (Long, 3 ATRs ) 34.6222
Chandelier Exit (Short, 3 ATRs ) 33.9478
Upper Bollinger Band 37.0541
Lower Bollinger Band 31.6209
Percent B (%b) 0.69
BandWidth 15.822934
MACD Line 0.3935
MACD Signal Line 0.1252
MACD Histogram 0.2684
Fundamentals Value
Market Cap 16.77 Billion
Num Shares 474 Million
EPS 5.91
Price-to-Earnings (P/E) Ratio 5.98
Price-to-Sales 2.72
Price-to-Book 0.78
PEG Ratio 0.00
Dividend 0.00
Dividend Yield 0.00%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 35.90
Resistance 3 (R3) 35.95 35.83 35.81
Resistance 2 (R2) 35.83 35.69 35.80 35.78
Resistance 1 (R1) 35.59 35.60 35.53 35.54 35.75
Pivot Point 35.47 35.47 35.44 35.44 35.47
Support 1 (S1) 35.23 35.33 35.17 35.18 34.97
Support 2 (S2) 35.11 35.24 35.08 34.94
Support 3 (S3) 34.87 35.11 34.91
Support 4 (S4) 34.82