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Stock Trend Analysis Report

Prepared for you on Wednesday, September 27, 2023.

Shore Bancshares Inc (NASDAQ:SHBI)

Strong Downtrend (-100) - SHBI is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHBI continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid SHBI?

MarketClub looks at technical strength and momentum to determine if the timing is right for SHBI.

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Open High Low SHBI Price Change
10.600 10.630 10.270 10.315 -0.275
Entry Signal

MarketClub’s Trade Triangles for SHBI

long term down The long-term trend has been DOWN since Dec 22nd, 2022 at 17.04

intermediate term down The intermediate-term trend has been DOWN since Aug 3rd, 2023 at 11.39

short term down The short-term trend has been DOWN since Sep 19th, 2023 at 10.89

Smart Scan Analysis for SHBI

Based on our trend formula, SHBI is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for SHBI
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10.600 10.630 10.270 10.315 -0.275
Prev. Close Volume Bid Ask Time
10.590 45744 2023-09-27 15:55:29
Year High20.09Year High Date2018-04-11
Year Low15.25Year Low Date2018-10-25
52wk High20.848352wk High Date2022-11-30
52wk Low10.3552wk Low Date2023-09-25
Year End Close5.39Average Volume98,841
Shares Outstanding33,123Short Interest8,239
% Institutional18Market Cap209M
P/E Ratio6.5776Beta1.37
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