Technical Analysis for SHG - Shinhan Financial Group Co Ltd

Grade Last Price % Change Price Change
grade D 37.19 -2.13% -0.81
SHG closed down 2.13 percent on Friday, March 22, 2019, on approximately normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Weak or Absent Down Down Down
See historical SHG trend table...

Date Alert Name Type % Chg
Mar 22 Fell Below 50 DMA Bearish 0.00%
Mar 22 MACD Bearish Centerline Cross Bearish 0.00%
Mar 22 Below Lower BB Weakness 0.00%
Mar 22 Gapped Down Weakness 0.00%
Mar 22 Lower Bollinger Band Touch Weakness 0.00%
Mar 21 Fell Below 200 DMA Bearish -2.13%
Mar 21 Non-ADX 1,2,3,4 Bullish Bullish Swing Setup -2.13%
Mar 21 Gapped Down Weakness -2.13%
Mar 20 20 DMA Resistance Bearish -3.10%
Mar 20 200 DMA Support Bullish -3.10%

Older signals for SHG ...

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Basic chart:
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
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: 0 bullish, 3 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicator Value
52 Week High 45.35
52 Week Low 34.02
Average Volume 101,628
200-Day Moving Average 38.2767
50-Day Moving Average 37.848
20-Day Moving Average 38.291
10-Day Moving Average 38.23
Average True Range 0.6046
ADX 11.83
+DI 23.7501
-DI 31.8451
Chandelier Exit (Long, 3 ATRs ) 37.6062
Chandelier Exit (Short, 3 ATRs ) 38.9438
Upper Bollinger Band 39.3645
Lower Bollinger Band 37.2175
Percent B (%b) -0.01
BandWidth 5.607062
MACD Line -0.0102
MACD Signal Line 0.0984
MACD Histogram -0.1086
Fundamentals Value
Market Cap 17.64 Billion
Num Shares 474 Million
EPS 5.91
Price-to-Earnings (P/E) Ratio 6.29
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) 38.11
Resistance 3 (R3) 38.20 37.98 37.95
Resistance 2 (R2) 37.98 37.75 37.94 37.90
Resistance 1 (R1) 37.59 37.61 37.48 37.50 37.85
Pivot Point 37.37 37.37 37.32 37.33 37.37
Support 1 (S1) 36.98 37.14 36.87 36.89 36.53
Support 2 (S2) 36.76 37.00 36.72 36.48
Support 3 (S3) 36.37 36.76 36.43
Support 4 (S4) 36.28