Technical Analysis for SHG - Shinhan Financial Group Co Ltd

Grade Last Price % Change $ Change
grade A $41.42 0.07% 0.03
SHG closed up 0.07 percent on Friday, February 17, 2017, on 83 percent of normal volume. The bulls were able to push the stock to a new 52-week high. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.
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Trend Table & Recent Alerts
ADX Long-Term Intermediate-Term Short-Term
Weak or Absent Up Up Up
See historical SHG trend table...

Date Alert Name Type % Chg
Feb 17 New 52 Week High Bullish 0.00%
Feb 16 New 52 Week High Bullish 0.07%
Feb 15 New 52 Week High Bullish 0.44%
Feb 15 Reversal New Highs Setup Bullish Swing Setup 0.44%
Feb 14 New 52 Week High Bullish 0.46%
Feb 10 New 52 Week High Bullish 0.95%
Feb 9 New 52 Week High Bullish 1.49%
Feb 8 180 Bullish Setup Bullish Swing Setup 2.50%
Feb 7 Narrow Range Bar Range Contraction 3.24%
Feb 7 Stochastic Sell Signal Bearish 3.24%

Older signals for SHG ...

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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 41.43
52 Week Low 30.57
Average Volume 87,445
200-Day Moving Average 36.55
50-Day Moving Average 39.44
20-Day Moving Average 40.25
10-Day Moving Average 40.94
Average True Range 0.58
ADX 20.68
+DI 30.02
-DI: 18.36
Chandelier Exit (Long, 3 ATRs) 39.69
Chandelier Exit (Short, 3 ATRs) 40.28
Upper Bollinger Band 41.89
Lower Bollinger Band 38.61
Percent B (%b) 0.86
Bandwidth 0.081491