Technical Analysis for SHG - Shinhan Financial Group Co Ltd

Grade Last Price % Change Price Change
grade C 44.75 0.86% 0.38
SHG closed up 0.86 percent on Tuesday, May 22, 2018, on 59 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Its advance stalled at its 200 day moving average, an important long-term support / resistance line.

Trend Table & Recent Alerts
ADX Long-Term Intermediate-Term Short-Term
Weak or Absent Flat Up Flat
See historical SHG trend table...

Date Alert Name Type % Chg
May 22 200 DMA Resistance Bearish 0.00%
May 22 Narrow Range Bar Range Contraction 0.00%
May 22 NR7 Range Contraction 0.00%
May 22 Earnings Movers Other 0.00%
May 22 Gapped Up Strength 0.00%
May 21 Earnings Movers Other 0.86%
May 18 MACD Bearish Signal Line Cross Bearish 1.50%
May 18 Doji - Bullish? Reversal 1.50%
May 18 Gapped Down Weakness 1.50%
May 16 200 DMA Resistance Bearish -0.31%

Older signals for SHG ...

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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: 1 bullish, 0 bearish and 4 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicator Value
52 Week High 50.37
52 Week Low 40.44
Average Volume 84,174
200-Day Moving Average 44.8559
50-Day Moving Average 43.0214
20-Day Moving Average 44.2365
10-Day Moving Average 44.565
Average True Range 0.6717
ADX 14.13
+DI 34.78
-DI 26.51
Chandelier Exit (Long, 3 ATRs ) 43.3349
Chandelier Exit (Short, 3 ATRs ) 44.6851
Upper Bollinger Band 45.4127
Lower Bollinger Band 43.0603
Percent B (%b) 0.72
BandWidth 5.317781
MACD Line 0.4038
MACD Signal Line 0.424
MACD Histogram -0.0202
Fundamentals Value
Market Cap 21.22 Billion
Num Shares 474 Million
EPS 5.91
Price-to-Earnings (P/E) Ratio 7.57
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) 45.01
Resistance 3 (R3) 45.03 44.96 44.96
Resistance 2 (R2) 44.96 44.90 44.95 44.95
Resistance 1 (R1) 44.86 44.86 44.83 44.84 44.93
Pivot Point 44.79 44.79 44.78 44.78 44.79
Support 1 (S1) 44.69 44.73 44.66 44.67 44.57
Support 2 (S2) 44.62 44.69 44.61 44.55
Support 3 (S3) 44.52 44.62 44.54
Support 4 (S4) 44.50