SHG Technical Signal Analysis
SHG have 3 buy signals and 3 sell signals now. The current trend is consolidation starting from 2025-02-05. The total price change during this trend is -10.72%. Recently, the price has increased but the volume has decreased, indicating a potential warning signal. The average turnover of SHG over last 5 trading day is $11,244,602.41
3 Bullish Signal
3 Bearish Signal
Name
Signal
Value
Meaning
Stochastic Oscillator %K (14, 3, 3)
STOCHk_14_3_3 < 20
11.79
Bullish
Stochastic RSI %K (14, 14, 3, 3)
STOCHRSIk_14_14_3_3 < 20
12.94
Bullish
Williams %R (14 days)
WILLR_14 < -80
-81
Bullish
Name
Signal
Value
Meaning
Awesome Oscillator (5, 34)
AO_5_34 < 0
-2.1
Bearish
Momentum (10 days)
MOM_10 < 0
-2.03
Bearish
Moving Average Convergence Divergence (12, 26, 9)
MACD_12_26_9 < 0
-0.83
Bearish
3 Bullish Signal
Name
Signal
Value
Meaning
Stochastic Oscillator %K (14, 3, 3)
STOCHk_14_3_3 < 20
11.79
Bullish
Stochastic RSI %K (14, 14, 3, 3)
STOCHRSIk_14_14_3_3 < 20
12.94
Bullish
Williams %R (14 days)
WILLR_14 < -80
-81
Bullish
SHG Support and Resistance Level
The support levels for SHG are at 31, 30.36, and 29.33, while the resistance levels are at 33.06, 33.7, and 34.73. With the current stock price at 31.65, it is leaning more toward the support levels.
SHG Technical Analysis
Technical Analysis of SHG Stock
Price Overview:
- Current Price: $31.76
- 52-Week Range: $27.09 - $46.05
Technical Indicators:
- RSI (14): 34.20 (Oversold territory, indicating potential exhaustion of selling pressure).
- MACD: -0.75 (Bearish signal, with downward momentum).
- Stochastic Oscillator: %K (27.25) and %D (21.84) both below 30, confirming oversold conditions.
- Fibonacci Levels:
- Pivot Point: $32.33
- Resistance Levels: $33.35, $33.98, $35.01
- Support Levels: $31.31, $30.68, $29.66
News Sentiment:
- Recent news indicates SHG has entered oversold territory, suggesting a potential buying opportunity.
Conclusion:
Based on the analysis, SHG stock is currently in oversold territory with mixed technical signals. While the RSI and Stochastic Oscillator suggest a potential reversal, the MACD indicates continued bearish momentum.
Recommendation: HOLD
The stock is trading below its pivot point, and while oversold conditions may lead to a short-term bounce, the overall bearish momentum suggests caution. It may be prudent to wait for further confirmation of a trend reversal before making a decision.
Disclaimer: This analysis is for informational purposes only and should not be considered as investment advice. Always consult a financial advisor before making investment decisions.
SHG FAQs
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Is SHG a buy based on overall technical signals summary?
SHG Buy or Sell
SHG has 3 buy signals and 3 sell signals now. Overall the technical rating for SHG is Neutral.
Neutral
Sell
3
Buy
3
SHG Moving Average
This analysis outlines the stock's performance across different time frames using Simple Moving Averages (SMA). In the swing, the stock shows a positive trend with the 31.65 above the SMA_5. In the short term, the stock shows a negative trend with the 31.54 below the SMA_20. In the mid term, the stock shows a negative trend with the 32.76 below the SMA_60. In the long term, the stock shows a negative trend with the 33.84 below the SMA_200.
Swing
Positive
Stock Price Above SMA_5
Short Term
Negative
SMA_5 Below SMA_20
Mid Term
Negative
SMA_20 Below SMA_60
Long Term
Negative
SMA_60 Below SMA_200
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What do technical indicators suggest about SHG's current trend?What are SHG's key support and resistance levels?