Technical Analysis for SHG - Shinhan Financial Group Co Ltd

Grade Last Price % Change Price Change
grade B 45.62 0.22% 0.10
SHG closed up 0.22 percent on Friday, August 18, 2017, on approximately normal volume. It was able to find support at its 50 day moving average. 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.
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Trend Table & Recent Alerts
ADX Long-Term Intermediate-Term Short-Term
Weak or Absent Up Up Down
See historical SHG trend table...

Date Alert Name Type % Chg
Aug 18 50 DMA Support Bullish 0.00%
Aug 18 Stochastic Reached Oversold Other 0.00%
Aug 18 Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 0.00%
Aug 16 Narrow Range Bar Range Contraction -2.58%
Aug 14 New Uptrend Bullish -2.92%

Older signals for SHG ...

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Basic chart:

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.
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: 3 bullish, 0 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 48.98
52 Week Low 35.15
Average Volume 89,118
200-Day Moving Average 41.9109
50-Day Moving Average 45.283
20-Day Moving Average 47.3685
10-Day Moving Average 47.181
Average True Range 0.7556
ADX 24.05
+DI 30.06
-DI: 40.55
Chandelier Exit (Long, 3 ATRs) 46.7132
Chandelier Exit (Short, 3 ATRs) 47.3668
Upper Bollinger Band 48.9843
Lower Bollinger Band 45.7527
Percent B (%b) -0.04
Bandwidth 0.068223
MACD Line 0.2969
MACD Signal Line 0.6727
MACD Histogram -0.3758