Technical Analysis for SHG - Shinhan Financial Group Co Ltd

Grade Last Price % Change Price Change
D 30.49 0.63% 0.19
SHG closed up 0.63 percent on Friday, April 19, 2024, on 44 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. 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.
Earnings due: Apr 25
*** please verify all earnings dates ***
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Down Down

Date Alert Name Type % Chg
NR7 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Wide Bands Range Expansion 0.00%
Oversold Stochastic Weakness 0.00%
Slingshot Bearish Bearish Swing Setup 0.63%
Narrow Range Bar Range Contraction 0.63%
Wide Bands Range Expansion 0.63%
Gapped Up Strength 0.63%
Oversold Stochastic Weakness 0.63%
NR7 Range Contraction 3.95%

   Recent Intraday Alerts

Alert Time
Possible NR7 about 15 hours ago
60 Minute Opening Range Breakdown about 16 hours ago
Up 1% about 19 hours ago
Rose Above Previous Day's High about 19 hours ago
60 Minute Opening Range Breakdown 1 day ago

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Profile

Shinhan Financial Group Co Ltd Description

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.


Classification

Sector: Financial Services
Industry: Banks - Regional - Asia
Keywords: Banking Bank Structured Finance Financial Products Currency Investment Bank Investment Banking Asset Backed Security Asset Management Services Investment Services ATM Securitization Portfolio Management Securities Brokerage ETN Investment Banking Services Corporate Banking Retail Banking Services Convertible Bond Transfer Services Account Management Electronic Banking Commercial Paper Shipbuilding Retail Lending Corporate Banking Services Investment Portfolio Management Trust Management Check Cashing Services Acquisition Advisory Services Fund Transfer Services Investment Trust Management Life Insurance Service Life Insurance Services Trust Account 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

Indicators

Indicator Value
52 Week High 38.65
52 Week Low 24.6956
Average Volume 133,793
200-Day Moving Average 28.81
50-Day Moving Average 33.50
20-Day Moving Average 32.87
10-Day Moving Average 30.92
Average True Range 0.85
RSI (14) 35.90
ADX 26.51
+DI 28.03
-DI 41.75
Chandelier Exit (Long, 3 ATRs) 35.77
Chandelier Exit (Short, 3 ATRs) 31.80
Upper Bollinger Bands 37.92
Lower Bollinger Band 27.83
Percent B (%b) 0.26
BandWidth 30.71
MACD Line -1.22
MACD Signal Line -0.84
MACD Histogram -0.3835
Fundamentals Value
Market Cap 15.63 Billion
Num Shares 513 Million
EPS 5.72
Price-to-Earnings (P/E) Ratio 5.33
Price-to-Sales 0.00
Price-to-Book 0.43
PEG Ratio 5.10
Dividend 0.00
Dividend Yield 0.00%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 30.85
Resistance 3 (R3) 30.85 30.74 30.79
Resistance 2 (R2) 30.74 30.64 30.74 30.77
Resistance 1 (R1) 30.61 30.59 30.68 30.61 30.75
Pivot Point 30.50 30.50 30.53 30.50 30.50
Support 1 (S1) 30.37 30.40 30.44 30.37 30.23
Support 2 (S2) 30.26 30.35 30.26 30.21
Support 3 (S3) 30.13 30.26 30.19
Support 4 (S4) 30.13