Technical Analysis for SHG - Shinhan Financial Group Co Ltd

Grade Last Price % Change Price Change
grade F 27.26 -2.33% -0.65
SHG closed down 2.33 percent on Thursday, February 27, 2020, on 1.3 times normal volume. The bears made the stock sink to a new 52-week low. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Very Strong Down Down Down
Historical SHG trend table...

Date Alert Name Type % Chg
New 52 Week Closing Low Bearish 0.00%
New 52 Week Low Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Lower Bollinger Band Walk Weakness -2.33%
Oversold Stochastic Weakness -2.33%
New 52 Week Closing Low Bearish -0.94%
Slingshot Bearish Bearish Swing Setup -0.94%
Lower Bollinger Band Walk Weakness -0.94%
Below Lower BB Weakness -0.94%
Down 3 Days in a Row Weakness -0.94%

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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.
Financial Services Banking Bank Real Estate 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 Life Insurance Services

Is SHG a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength


Indicator Value
52 Week High 40.59
52 Week Low 27.24
Average Volume 108,672
200-Day Moving Average 36.04
50-Day Moving Average 34.57
20-Day Moving Average 31.14
10-Day Moving Average 29.40
Average True Range 0.72
ADX 52.14
+DI 12.62
-DI 56.09
Chandelier Exit (Long, 3 ATRs ) 32.13
Chandelier Exit (Short, 3 ATRs ) 29.40
Upper Bollinger Band 35.40
Lower Bollinger Band 26.88
Percent B (%b) 0.04
BandWidth 27.35
MACD Line -1.95
MACD Signal Line -1.60
MACD Histogram -0.3453
Fundamentals Value
Market Cap 12.93 Billion
Num Shares 474 Million
EPS 5.91
Price-to-Earnings (P/E) Ratio 4.61
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) 28.27
Resistance 3 (R3) 28.37 28.14 28.10
Resistance 2 (R2) 28.14 27.88 28.09 28.04
Resistance 1 (R1) 27.70 27.73 27.59 27.60 27.99
Pivot Point 27.47 27.47 27.41 27.42 27.47
Support 1 (S1) 27.03 27.21 26.92 26.93 26.53
Support 2 (S2) 26.80 27.06 26.75 26.48
Support 3 (S3) 26.36 26.80 26.42
Support 4 (S4) 26.26