Technical Analysis for SHG - Shinhan Financial Group Co Ltd

Grade Last Price % Change Price Change
grade C 41.76 -0.88% -0.37
SHG closed down 0.88 percent on Friday, April 28, 2017, on 76 percent of normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline.
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Trend Table & Recent Alerts
ADX Long-Term Intermediate-Term Short-Term
Weak or Absent Up Flat Flat
See historical SHG trend table...

Date Alert Name Type % Chg
Apr 28 Fell Below 50 DMA Bearish 0.00%
Apr 28 Narrow Range Bar Range Contraction 0.00%
Apr 27 50 DMA Support Bullish -0.88%
Apr 27 Stochastic Sell Signal Bearish -0.88%
Apr 26 Narrow Range Bar Range Contraction -1.97%
Apr 25 NR7 Range Contraction -3.02%
Apr 25 Narrow Range Bar Range Contraction -3.02%
Apr 25 Stochastic Reached Overbought Other -3.02%
Apr 24 Crossed Above 50 DMA Bullish -2.22%
Apr 21 Fell Below 50 DMA Bearish 0.31%

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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, 0 bearish and 4 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 43.98
52 Week Low 30.57
Average Volume 77,289
200-Day Moving Average 38.645
50-Day Moving Average 41.87
20-Day Moving Average 41.5845
10-Day Moving Average 41.92
Average True Range 0.7588
ADX 13.29
+DI 28.22
-DI: 30.1
Chandelier Exit (Long, 3 ATRs) 40.9236
Chandelier Exit (Short, 3 ATRs) 42.2964
Upper Bollinger Band 43.2075
Lower Bollinger Band 39.9615
Percent B (%b) 0.55
Bandwidth 0.078058