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Takip Edin: @UscMarketsSHG Stock Forecast & Shinhan Financial Group Chart Analysis
This article provides a detailed analysis of SHG-Shinhan Financial Group stock including a forecast for SHG shares. It features Shinhan Financial Group Co., Ltd. technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
Stocks can be purchased through banks, brokerage firms, investment funds, and individual retirement systems.
SHG Historical Data Review
SHG Current Price Performance Analysis
The Shinhan Financial Group - SHG stock traded on the American stock market, on 06-05-2024, closed at 33.63$ with a %1.26 increased compared to the previous day.
In the last month, the price of SHG changed by %-3.53 decreased in value, from 34.86 dollars on 05-06-2024 to 33.63 dollars, decreased.
Last year, the price of SHG was 27.46 dollars on 06-06-2023, and changed by %22.47 increased in value, to 33.63 dollars increased within a year.
The price of Shinhan Financial Group stock is riding high above the 50-day and 100-day moving averages. This means it's on a positive run for now, great news for those who got in early. But let's not take our eyes off the ball; no stock climbs forever.
SHG with AI Stock Forecast & Price Target
On the SHG chart Shinhan Financial Group price was recorded as 33.63 Dollars on 06/05/2024.
The artificial intelligence's forecast on SHG stock is as follows.
The artificial intelligence's prediction error margin for SHG stock is very high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for Shinhan Financial Group stock over the next 4 months is: 28.4 Dollars.
The commentary on SHG stock Target Price: Highest: 32.875 Dollars is predicted.
The commentary on SHG stock Target Price: Lowest: 26.154 Dollars is predicted.
Resistance Price where Shinhan Financial Group stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 12-12-2024 | 27.596 |
Support Price where Shinhan Financial Group stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 08-14-2024 | 28.073 |
| 11-07-2024 | 26.916 |
| 01-31-2025 | 26.154 |
The commentary on SHG stock: The target price can generally be said to be on the decline.
The commentary on SHG stock: Fluctuations in the target price can be expected in the coming days.
The target price for Shinhan Financial Group stock by the end of 2024 is predicted to be 27.366 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on SHG stock, and the 2024 target price predictions for Shinhan Financial Group are detailed above.
The technical analysis and charts for the commentary on SHG stock are below.
SHG Support & Resistance and Trend Analysis
SHG stock you have reviewed the technical analysis support resistance charts regarding.
SHG : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the SHG review, the Shinhan Financial Group support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
Shinhan Financial Group Support and Resistance Prices:
| SHG Support Level Price | SHG Resistance Level Price |
|---|---|
| 27.09 | 28.57 |
| 27.71 | 31.12 |
| 29.25 | 33.75 |
| 31.14 | 33.98 |
| 31.62 | 35.83 |
| 33.26 | 36.34 |
| 38.32 |
SHG Technical Analysis: SMA, RSI, MACD
Upon reviewing the SHG chart, buy and sell signals have been generated in the Shinhan Financial Group technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for SHG stock are as follows:- The technical analysis for SHG indicates that the 14-period RSI has most recently generated a 'Sell' signal.
- The technical analysis for Shinhan Financial Group indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Sell' signal.
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
You have read the comments, technical analyses, target prices, and financial reports for Shinhan Financial Group stock: Click here to read more predictions on Nomura Holdings stock.
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