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Stock Trend Analysis Report

Prepared for you on Saturday, September 23, 2023.

Shinhan Financial Group Co Ltd American Depositary Shares (NYSE:SHG)

Bull Market Weakness (+75) - SHG is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SHG as it may be in the beginning stages of a reversal.

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

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

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYSE_SHG
Open High Low SHG Price Change
27.95 28.15 27.86 27.87 +0.09
Entry Signal

MarketClub’s Trade Triangles for SHG

long term up The long-term trend has been UP since Aug 1st, 2023 at 27.830

intermediate term up The intermediate-term trend has been UP since Sep 11th, 2023 at 27.260

short term down The short-term trend has been DOWN since Sep 21st, 2023 at 28.185

Smart Scan Analysis for SHG

Based on our trend formula, SHG is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for SHG
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
27.95 28.15 27.86 27.87 +0.09
Prev. Close Volume Bid Ask Time
27.87 150999 2023-09-22 15:59:56
Year High50.37Year High Date2018-01-19
Year Low36.35Year Low Date2018-08-23
52wk High36.6452wk High Date2023-01-26
52wk Low22.9852wk Low Date2022-09-30
Year End Close36.64Average Volume97,582
Shares Outstanding339,548Short Interest147,463
% Institutional3.6Market Cap16,473M
Assets696,218,751MLiabilities647,719,123M
P/E Ratio4.157Beta1.45
Volatility24.65
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