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Technical Analysis for SHG - Shinhan Financial Group Co Ltd

Grade Last Price % Change Price Change
grade C 43.01 0.21% 0.09
SHG closed up 0.21 percent on Monday, June 26, 2017, on 82 percent of normal volume. 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 Down Down
See historical SHG trend table...

Date Alert Name Type % Chg
Jun 26 Stochastic Buy Signal Bullish 0.00%
Jun 26 Lower Bollinger Band Walk Other 0.00%
Jun 26 Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 0.00%
Jun 23 Lower Bollinger Band Walk Other 0.21%
Jun 22 NR7 Range Contraction 0.82%

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: 1 bullish, 1 bearish and 3 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 45.37
52 Week Low 31.54
Average Volume 85,050
200-Day Moving Average 40.2393
50-Day Moving Average 43.5442
20-Day Moving Average 44.097
10-Day Moving Average 43.832
Average True Range 0.6452
ADX 13.94
+DI 28.9
-DI: 33.44
Chandelier Exit (Long, 3 ATRs) 43.3544
Chandelier Exit (Short, 3 ATRs) 44.4356
Upper Bollinger Band 45.5668
Lower Bollinger Band 42.6272
Percent B (%b) 0.13
Bandwidth 0.066662
MACD Line -0.1753
MACD Signal Line 0.0839
MACD Histogram -0.2592