SHG Technical Analysis & Stock Price Forecast

Technical Sentiment

Overall Consensus

Sell

Buy

Technical Analysis Consensus

Sell

Buy

Moving Average Consensus

Sell

Buy

Shinhan Financial Group Co Ltd (SHG) Moving Averages Convergence Divergence (MACD) indicator is 0.995, suggesting SHG is Buy.

Shinhan Financial Group Co Ltd (SHG) 20-Day simple moving average is 67.431, while Shinhan Financial Group Co Ltd (SHG) share price is $66.79, making it Sell.

Shinhan Financial Group Co Ltd (SHG) 60-Day simple moving average is 65.272, while Shinhan Financial Group Co Ltd (SHG) share price is $66.79, making it Buy.

Technical Analysis for SHG

Technical Sentiment Analysis for Shinhan Financial Group Co Ltd (SHG) As of 2026-05-08, Shinhan Financial Group Co Ltd (SHG) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 10 technical signals, shows that 6 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for SHG stands at 57.681, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at 0.995, providing a Buy signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 73.95 and the Commodity Channel Index (CCI) at 77.954 further confirm a 2.16 outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, SHG is trading above its 60-day moving average of $65.272 and above its 200-day long-term moving average of $56.331. Key price levels to watch include the immediate resistance at $69.247 and strong support at $66.027. A break above $69.247 could signal a bull continuation, while falling below $66.027 may test the next Fibonacci floor at $64.408.

Shinhan Financial Group Co Ltd (SHG) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	62.807	64.408	66.027	67.628	69.247	70.848	72.467
Fibonacci	64.408	65.638	66.398	67.628	68.858	69.618	70.848

Shinhan Financial Group Co Ltd (SHG) Technical Indicators

2026-05-08

Name	Value
RSI_14	57.681
STOCHk_14_3_3	73.95
STOCHd_14_3_3	63.803
CCI_20	77.954
AO_5_34	2.276
MOM_10	2.16
MACD_12_26_9	0.995

Shinhan Financial Group Co Ltd (SHG) Relative Strength Index (RSI) is 57.681, creating a Neutral signal.

Shinhan Financial Group Co Ltd (SHG) Stochastic Oscillator is 73.95, creating a Neutral signal.

Shinhan Financial Group Co Ltd (SHG) Stochastic RSI is 63.803, creating a Neutral signal.

Shinhan Financial Group Co Ltd (SHG) Commodity Channel Index (CCI) is 77.954, creating a Neutral signal.

Shinhan Financial Group Co Ltd (SHG) Awesome Oscillator is 2.276, creating a Buy signal.

Shinhan Financial Group Co Ltd (SHG) Momentum is 2.16, creating a Buy signal.

Shinhan Financial Group Co Ltd (SHG) MACD is 0.995, creating a Buy signal.

Shinhan Financial Group Co Ltd (SHG) Moving Average

2026-05-08

Period	Simple	Signal
MA_5	67.792	Sell
MA_10	67.645	Sell
MA_20	67.431	Sell
MA_60	65.272	Buy
MA_200	56.331	Buy
MA_250	53.847	Buy

Shinhan Financial Group Co Ltd (SHG) 5-Day simple moving average is 67.792, while Shinhan Financial Group Co Ltd (SHG) share price is $66.79, making it a Sell.

Shinhan Financial Group Co Ltd (SHG) 10-Day simple moving average is 67.645, while Shinhan Financial Group Co Ltd (SHG) share price is $66.79, making it a Sell.

Shinhan Financial Group Co Ltd (SHG) 20-Day simple moving average is 67.431, while Shinhan Financial Group Co Ltd (SHG) share price is $66.79, making it a Sell.

Shinhan Financial Group Co Ltd (SHG) 60-Day simple moving average is 65.272, while Shinhan Financial Group Co Ltd (SHG) share price is $66.79, making it a Buy.

Shinhan Financial Group Co Ltd (SHG) 200-Day simple moving average is 56.331, while Shinhan Financial Group Co Ltd (SHG) share price is $66.79, making it a Buy.

Shinhan Financial Group Co Ltd (SHG) 250-Day simple moving average is 53.847, while Shinhan Financial Group Co Ltd (SHG) share price is $66.79, making it a Buy.

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Frequently Asked Questions

What is the current technical consensus for SHG?

The overall technical consensus for Shinhan Financial Group Co Ltd (SHG) is currently Buy. This rating is derived from a combined analysis of moving averages and oscillators, currently showing 3 buy signals and 1 sell signals.

What are the key support and resistance levels for Shinhan Financial Group Co Ltd (SHG) today?

Based on pivot point calculations, Shinhan Financial Group Co Ltd (SHG) has an immediate support level at 66.027 and a major resistance level at 69.247. Traders also monitor the pivot point at 67.628 to determine the intraday trend direction.

Is Shinhan Financial Group Co Ltd (SHG) overbought or oversold based on the RSI?

The Relative Strength Index (RSI) for Shinhan Financial Group Co Ltd (SHG) is currently 57.681. This indicates that the stock is in neutral territory (typically, a value below 30 is oversold and above 70 is overbought).

What signal is the MACD providing for Shinhan Financial Group Co Ltd (SHG)?

Shinhan Financial Group Co Ltd (SHG) Moving Averages Convergence Divergence (MACD) indicator is 0.995, suggesting SHG is Buy. This indicator helps identify potential trend reversals or momentum shifts for Shinhan Financial Group Co Ltd.

How is Shinhan Financial Group Co Ltd (SHG) performing relative to its 200-day moving average?

Shinhan Financial Group Co Ltd (SHG) is currently trading at $66.79, which is above its 200-day simple moving average of 56.331. Trading above the 200-day MA is often used by investors to determine the long-term bullish or bearish trend.