Technical Analysis for SHG - Shinhan Financial Group Co Ltd
|Grade||Last Price||% Change||$ Change|
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.
Trend Table & Recent Alerts
|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%|
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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 Peoples 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|
|Oversold / Overbought|
|Summary:||Counts: 3 bullish, 0 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.|
See more SHG news...
|52 Week High||41.43|
|52 Week Low||30.57|
|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|
|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|