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Stock Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

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

Weak Uptrend (+65) - SHG is showing signs of weakening momentum to the upside. Monitor 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
35.36 35.52 35.21 35.49 +0.10
Entry Signal

MarketClub’s Trade Triangles for SHG

long term up The long-term trend has been UP since Aug 1st, 2023 at 27.83

intermediate term up The intermediate-term trend has been UP since Mar 6th, 2024 at 33.75

short term down The short-term trend has been DOWN since Mar 26th, 2024 at 37.44

Smart Scan Analysis for SHG

Based on our trend formula, SHG is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for SHG
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
35.36 35.52 35.21 35.49 +0.10
Prev. Close Volume Bid Ask Time
35.49 178714 2024-03-28 15:59:58
Year High50.37Year High Date2018-01-19
Year Low36.35Year Low Date2018-08-23
52wk High38.6552wk High Date2024-03-14
52wk Low24.9952wk Low Date2023-07-06
Year End Close36.64Average Volume146,165
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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