RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of SHG
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Shinhan Financial Group Co Ltd stock price up 0.283% on Thursday
(Updated on Mar 28, 2024)

Buy or Hold candidate since Jan 23, 2024 Gain 22.34% PDF

The Shinhan Financial Group Co Ltd stock price gained 0.283% on the last trading day (Thursday, 28th Mar 2024), rising from $35.39 to $35.49. During the last trading day the stock fluctuated 0.780% from a day low at $35.25 to a day high of $35.52. The price has fallen in 6 of the last 10 days and is down by -5.96% for this period. Volume fell on the last day by -71 thousand shares and in total, 197 thousand shares were bought and sold for approximately $7.00 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 32.76% during the next 3 months and, with a 90% probability hold a price between $46.10 and $50.99 at the end of this 3-month period.

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SHG Signals & Forecast

The Shinhan Financial Group Co Ltd stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $36.75. On a fall, the stock will find some support from the long-term average at approximately $34.39. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, March 25, 2024, and so far it has fallen -6.46%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Shinhan Financial Group Co Ltd stock

Shinhan Financial Group Co Ltd finds support from accumulated volume at $35.39 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.275 between high and low, or 0.780%. For the last week, the stock has had daily average volatility of 1.18%.

Our recommended stop-loss: $33.55 (-5.46%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 3 days ago.)

Trading Expectations (SHG) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Shinhan Financial Group Co Ltd to open at $35.42, and during the day (based on 14 day Average True Range), to move between $34.62 and $36.36, which gives a possible trading interval of +/-$0.87 (+/-2.44%) up or down from last closing price. If Shinhan Financial Group Co Ltd takes out the full calculated possible swing range there will be an estimated 4.88% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $35.39 (0.28%) than the resistance at $36.21 (2.03%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Shinhan Financial Group Co Ltd stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Shinhan Financial Group Co Ltd stock to perform well in the short-term.

Current score: 3.144 Buy Candidate Unchanged

Predicted Opening Price for Shinhan Financial Group Co Ltd of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$35.42 ( 0.202%) $35.49

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for SHG

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 35.69 0.573 %
R2 35.59 0.277 %
R1 35.52 0.0941 %
Current price: 35.49
Support S1 35.31 -0.498 %
S2 35.25 -0.681 %
S3 35.14 -0.98 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 37.74 6.34 %
R2 37.62 6.00 %
R1 36.21 2.03 %
Current price 35.49
Support S1 35.39 -0.282%
S2 33.85 -4.62%
S3 32.41 -8.68%

SHG Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 08, 2024 Feb 22, 2024 Feb 22, 2024 $0.310 0.96%
2 Sep 18, 2023 Sep 28, 2023 Nov 10, 2023 $0.310 1.16%
3 Jun 09, 2023 Jun 29, 2023 Aug 11, 2023 $0.310 1.18%
4 Mar 13, 2023 Mar 30, 2023 May 19, 2023 $0.310 1.17%
5 Dec 12, 2022 Dec 29, 2022 Apr 14, 2023 $0.530 1.95%

FAQ

What is the symbol for Shinhan Financial Group Co Ltd Stock and on which exchange is it traded?
The symbol for Shinhan Financial Group Co Ltd is SHG and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Shinhan Financial Group Co Ltd Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Shinhan Financial Group Co Ltd stock to perform well in the short-term.

How to buy Shinhan Financial Group Co Ltd Stock?
Shinhan Financial Group Co Ltd Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Shinhan Financial Group Co Ltd Stock.

What's the current price of Shinhan Financial Group Co Ltd Stock?
As of the end of day on the 2024-03-28, the price of an Shinhan Financial Group Co Ltd (SHG) share was $35.49.

What is the 52-week high and low for Shinhan Financial Group Co Ltd Stock?
The 52-week high for Shinhan Financial Group Co Ltd Stock is $38.57 and the 52-week low is $24.99.

What is the market capitalization of Shinhan Financial Group Co Ltd Stock?
As of the 2024-03-28, the market capitalization of Shinhan Financial Group Co Ltd is 18.198B.

When is the next earnings date for Shinhan Financial Group Co Ltd?
The upcoming earnings date for Shinhan Financial Group Co Ltd is Apr 01, 2024.
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About Shinhan Financial Group Co Ltd

Shinhan Financial Group Co Ltd Shinhan Financial Group Co., Ltd. provides financial products and services in South Korea and internationally. The company operates through six segments: Banking, Credit Card, Securities, Life Insurance, Credit, and Others. It offers retail banking services, including demand, savings, and fixed deposit-taking; checking accounts; mortgage and home equity, and retail lending; electronic banking and automatic teller machines (ATM); and bill paying, ... SHG Profile

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